NEWS ROUNDUP (May 11, 1992)
Recent drilling on the Higgins property in New Hampshire has outlined a low-grade sulphide deposit at least 700 ft. in length and 600 ft. in true width, says Morgain Minerals (VSE). Holes 92-5 to 92-1…
News
M.I.M. bidding to reduce costs
Integrated Australian metal producer M.I.M. Holdings is slashing costs and introducing new technology in a bid to cope with the slump in metal prices, says Chief Executive Officer Norman Fussell. In a…
Tandem, N.A.R. alter sale price
Separate transactions involving Toronto-based affiliates Tandem Resources (ME) and North American Rare Metals (ME) have been altered slightly to comply with regulatory requirements. In the first trans…
NDP is simply anti-mining
Despite the rhetoric and sweet talk flowing from the Bob Rae-Bob White administration ostensibly wooing business, I saw absolutely nothing in the recent Ontario throne speech that could possibly encou…
PEOPLE (May 11, 1992)
David Townley appointed president; David Birkenshaw, James Beatty, Greg Bowes, David Hall, David Knight, Frank Lang and David Townley appointed directors.
OBITUARY (May 11, 1992)
William Coughlan, the executive director of the Mines Accident Prevention Association of Ontario (MAPAO) died recently at the age of 59 after a short battle with cancer. A dedicated proponent of healt…
Plexus moves into the black
With the first full year of production from its 24.01% owned Denton Rawhide mine behind it, Plexus Resources (TSE) reported positive earnings and cash flow in 1991. Plexus also holds a 2.45% royalty i…
PRODUCER PRICES (May 11, 1992)
ALUMINUM: MW U.S. market US61.75-62.75 cents per lb. (Apr. 23, 1992). ANTIMONY: New York dealer US78-82 cents per lb. (Mar. 26, 1992). BISMUTH: New York dealer US$2.50-2.70 per lb. (Mar. 26, 1992). CA…
Westar strike threatens mine
A labor strike at the Balmer coal mine in southeastern British Columbia threatens plans by Westar Mining (TSE) to restructure the company’s debt. Westar operates the Balmer and Greenhills open pit met…
Casa Berardi drill targets ready
Partners Cross Lake Minerals (VSE) and Glen Auden Resources (VSE) report that New Legends Metals has spent more than $100,000 on their claim package in the Casa Berardi region of northwestern Quebec. …
Judge convicts Silver Bar’s Gilson
Junior mining company Silver Bar Mines has been found guilty by a provincial court judge in North Bay, Ont. of filing a press release containing misrepresentations. Ronald Gilson, president and a dire…
TORONTO STOCK EXCHANGE INDICES (May 11, 1992)
May 5 May 4 May 1 Apr 30 Apr 29 High Low Composite “300”3364.53 3363.54 3357.06 3355.56 3338.37 4009.47 3009.91 Metals&Minerals 2971.46 2994.56 3002.35 3015.72 3011.14 3453.06 2502.63 Integrated Mines…