Wage increases slow in minerals sector
Wage increases in the Canadian mining, smelting and refining industry were slightly lower in the first eight months of 1991 than they were in all of 1990, according to the Ministry of Energy, Mines an…
News
Cominco Res. active in Latin America
One of the more active foreign mining companies in Latin America is Cominco Resources International (TSE). It has copper projects in Mexico and Chile, a wollastonite project in Mexico, a gold property…
NEWS ROUNDUP (April 27, 1992)
An agreement to acquire the 52-sq.-km Sagar-1 property south of Fermont, Que., in the province’s North Shore area has been negotiated by Virginia Gold Mines (ME). The company says an ultramafic comple…
Goldmark financing
An agreement to issue 700,000 shares at 15 cents per share has been negotiated by Goldmark Minerals (VSE). Also, the company will issue 700,000 warrants entitling the purchaser to acquire, during a 2-…
Goldbar plans drill program for Glover Island gold project
Newfoundland Goldbar Resources (CDN) plans to start a 12,000-ft. drill program on the Glover Island gold property in western Newfoundland to follow up on work completed last year. Under an option agre…
Martel retains cabinet post
A 2-month inquiry into the conduct of Ontario’s mines minister, Shelley Martel, ended recently without reaching a clear-cut conclusion. Martel, from the Sudbury, Ont., area, remains the minister of No…
OBITUARY (April 27, 1992)
William B. Dix, the former vice-president of McIntyre Porcupine Mines, died in Toronto recently at the age of 81. Born and educated in England, Dix spent almost his entire working life within the McIn…
INSIDER TRADING (April 27, 1992)
Noramco Capital President Murray Sinclair recently increased his stake in Noramco Mining (TSE) to 24% by paying Breakwater Resources (TSE) $1.4 million for a block of shares. According to the Ontario …
Guyana’s modest gold output growing
Increased gold purchases by the state-run gold authority here have led to official predictions of a record-breaking production year in this key sector, Guyana’s fifth ranked foreign exchange earner. F…
Dia Met rebounds to $6.88 as VSE index falls 3.11 points
Western markets continued to slide over the period ended Apr. 21, with the Easter long weekend dampening an already lacklustre mood for resource issues. The Vancouver Stock Exchange composite index sl…
X-Cal options Pipeline-area ground
By way of a purchase option, X-Cal Resources (VSE) recently picked up a 3,000-acre parcel of ground in the Pipeline/Gold Acres area of Crescent Valley, Nev. The property is located about five miles no…
Latin America focus at Miami conference
A 4-day mining conference focusing on “Investing in the Americas” attracted 500-600 delegates to this southern U.S. city recently. Speakers from the various nations of Latin America, from Mexico to Ch…