TSE STOCK EXCHANGE INDICES (September 21, 1992)
Sept.15 Sept.14 Sept.11 Sept.10 Sept.9 High Low Composite”300″3464.09 3470.42 3440.57 3443.93 3449.07 4009.47 3009.91 Metals&Minerals 2957.18 2975.59 2919.37 2933.59 2915.55 3453.06 2502.63 Integrated…
News
LATIN AMERICA — Mexico has a recognized mining tradition
Mexico has an abundance of mineral resources with some of its country’s mines on a par with the world’s best. Two semi-parallel mountain systems run the length of the country from north to south, the …
17 individuals nominated for Canadian Mining Hall of Fame
The Canadian Mining Hall of Fame has released the names of 17 nominees eligible for the next induction in Toronto on Jan. 11, 1993. The eight successful nominees will be announced before year-end. The…
Dia Met report cools speculation, raises questions
Results from a summer drilling program on the diamond property of BHP Minerals Canada and Dia Met Minerals (VSE) in the Northwest Territories fell short of market expectations when Dia Met issued an u…
Guyana expects Omai mine to stimulate future prospects
A new gold mine is about to enter production in this South American nation which is of major significance not only to the owners, Cambior (TSE) and Golden Star Resources (TSE), but to the country. The…
NEWS ROUNDUP — International Musto announces share offer
International Musto Explorations (VSE) has issued for sale 2,594,111 common shares at a price of $2.25 to raise $5,836,749.75. The net proceeds of the offering will be used to repay bank debt and fund…
Lac enters Irish zinc play with US$70-million deal
Following a global search for new prospects by its business development arm, Lac Minerals (TSE) has agreed to acquire all of Chevron’s mineral interests in Ireland for US$70 million. The property port…
Fee changes, MDA may spark Alberta exploration
Mineral exploration has suddenly become affordable in Alberta with the provincial government’s decision to temporarily waive a $10-per-hectare deposit on exploration permits. And a first-ever Minerals…
NEWS ROUNDUP — Noranda to explore Drag prospect
A recent formal agreement allows a unit of Noranda (TSE) to earn up to a 70% interest in the Drag property about 20 km north of Gold River, B.C. The Vancouver Island prospect covers an area of Paleozo…
PEOPLE — WESTAR GROUP (September 21, 1992)
Larry Bell will act as interim chairman. N5…
Employees plan buyout at Balmer
Former employees of Westar Mining’s (TSE) Balmer coal mine here in the Canadian Rockies are learning all about uncertainty. To save their jobs in this picturesque town of 5,000, their union, United Mi…
Kookaburra takes option on copper projects in Ecuador
A recent option agreement sets the stage for Kookaburra Gold (VSE) to acquire up to a 65% undivided interest in each of the Chaucha and Fierro Urco copper porphyry projects in Ecuador. The junior sign…