News

Minority shareholders of Stikine Resources will have the opportunity in early 1992 to tender their shares to International Corona (TSE) in exchange for preferred shares of Corona at $70 per share. The…

Daily trading volumes plummeted during the holiday-shortened week ended Dec. 30, but both the general market portfolio index and the mining and minerals index soared. The former gained 51.6 points and…

Toronto-based Northgate Exploration (TSE) has delayed its rights offering and the terms of the offering may change. The company says the offering has not received the anti- cipated final regulatory ap…

Stronger zinc, gold and copper prices more than offset weaker nickel, lead and aluminum prices in November, helping the commodity price index of Scotiabank edge up for the second straight month. Howev…

Low metal prices and a nation-wide recession shattered central Canada’s once vibrant mining sector in 1991. As mines closed, balance sheets bled and exploration geologists fled to more hospitable envi…

As predicted by John McOuat, president of Watts, Griffis and McOuat, and other mining executives, 1991 was a dismal year for exploration in Canada. While junior miners had problems raising risk capita…

Appropriately, it was in 1964, the year the Kidd Creek geophysical discovery exploded into public prominence, that Dr. Peter Hood created his first comprehensive review of the world of geophysical ins…

FOREIGNERS PROMINENT AT KIRKLAND STRIKE The strike at Kirkland Lake is now in its seventh week. The financial assistance which was to have come in from sympathetic unionists has proven scanty. One pow…

In the midst of the Great Depression, 60 years ago, a group of prospectors passed round a hat at the inaugural meeting of what is today the Prospectors and Developers Association of Canada. They colle…

Dates: March 29 – April 1 Place: Royal York Hotel, Toronto Acme Analytical Labs Ltd. 225 Activation Laboratories Ltd. 58 Aerodat Limited 31 Aerodat Limited 32 Alberta Geological Survey 266 Barringer L…

Demand for nickel in the Western World was flat which, in combination with increased production and higher exports from Russia, resulted in weak prices. Spot nickel prices on the London Metal Exchange…

Because of generally low exploration activity, the past year appears to have been an even poorer one than 1990 for the geophysical industry in Canada. A number of Canadian companies have noted that mo…