TSE INDICES (May 25, 1992)
May 19 May 18 May 15 May 14 May 13 High Low Composite”300″3385.28 N/A 3391.43 3388.31 3404.23 4009.47 3009.91 Metals&Minerals 3054.54 N/A 3063.73 3078.92 3103.71 3453.06 2502.63 Integrated Mines3256.3…
News
GOLD FUNDS (May 25, 1992)
BGR Central Net Value $7.88 $5.07 Price $6.25 $4.60 Discount 20.73% 9.3% Value $46,939,000 $77,391,780…
Investment forum set for June 4 (May 25, 1992)
The second annual Canadian Institutional Investment Forum of the World Gold Council is scheduled for June 4 in Toronto. The 1-day forum will feature a number of talks on subjects such as gold demand, …
Justice Richard heads Westray inquiry (May 25, 1992)
The Nova Scotia government has appointed Justice Peter Richard to head an inquiry into the Westray coal mining disaster of May 9. Richard, 50, has been on the bench since 1978. “It is essential that N…
Kerr Addison in red after writedown
Toronto-based Kerr Addison Mines (TSE) was forced to break out the red ink in the first quarter of 1992 after taking a $3.2-million writedown on its 46% stake in zinc exploration company RFC Finance (…
New concepts in drilling
Thermally stable polycrystalline diamond has been available to the drilling industry for a number of years now and cutters manufactured from this material have been found to perform extremely well in …
Comaplex settles with Swiss bank
After a 4-year hiatus, shares of Comaplex Resources (TSE) are expected to resume trading following a settlement agreement between the Calgary-based company, its major shareholder, and staff of the Ont…
Gold sales hurting price, says Cambior president
Gold prices have dropped partly because of dumping on the world market, including by the owners of the fraud-riddled Bank of Credit and Commerce International, says Cambior (TSE) President Louis Gigna…
EDITORIAL PAGE (May 18, 1992)
Since the May 9 Westray mine disaster at Plymouth, N.S., rocked the nation, there has been no shortage of critics to say the mine should never have been opened. Everyone is suddenly an expert who beli…
GUEST COLUMN (May 18, 1992)
In your guest column “Geostatistics or voodoo science?” (T.N.M., April 20/92), Jan Merks advocates the new “grade-squared partition technique” as a more precise and realistic approach to reserve estim…
George Miller new chairman for Hall of Fame
The Canadian Mining Hall of Fame has a new chairman. George Miller, president of the Mining Association of Canada, replaces Maurice Brown, who has chaired the Hall’s board of directors since the Hall’…
FINANCING (May 18, 1992)
Ventex Resources Corp – 1,500,000 shs offered @ 10 cents per sh. Arlo Resources Ltd – 700,000 shs offered @ 51 cents per sh. Loumic Resources Ltd – 400,000 unit consisting of 1 sh and 2 wt @ $1.11 per…