Grants benefit Kirkland Lake area
The northern Ontario community of Kirkland Lake has been the most popular area in the province this year for OPAP and OMIP grants, the Ontario Ministry of Northern Development and Mines reports. Grant…
News
LAC ups 9-month output, earnings
Higher production from the Bousquet No. 2 mine near Malartic, Que., boosted LAC Minerals’ (TSE) total gold production and earnings for the first nine months of the year. LAC reports a net income of US…
Remedial work
A $30,000 provincial grant has been awarded to the Township of Coleman in northern Ontario to undertake remedial work on the former Silver Queen mine site, the Ontario Ministry of Northern Development…
NEWS IN BRIEF (November 18, 1991)
Pacific Summa Capital Corp. (PSU:VSE) has changed its name to Pacific Summa Environmental Corp. (PSU:VSE) with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Montre…
PROFILE (November 18, 1991)
Discouraged by Maine’s cumbersome permitting processes, mining companies have shunned the state for more than a decade. On July 31 when Maine replaced the various sets of regulations with a single leg…
CIM symposium
The Seventh Mineral Economics Symposium will take place Jan. 16 in Toronto’s Sheraton Centre. Topic is “Back to basics: managing the risks to reap the rewards.” The symposium is held by Toronto’s Mine…
On the Level (November 18, 1991)
“Thought you might be interested in this,” writes my sister from Thunder Bay, Ont., enclosing a copy of North Magazine, a weekly Lakehead publication. Indeed I was, for the cover story is the rags-to-…
McDonald boosts Noramco stake
A recent rights offering generated proceeds of $682,583 for Noramco Mining (TSE) to be used for general operating and corporate purposes. A total of 2.27 million units were subscribed for, which inclu…
Minnova’s cost control effort pays off with better earnings
Toronto-based Minnova’s (TSE) concerted effort to compensate for lower metal prices and higher smelting charges by keeping operating costs down has clearly been successful. While revenues in the three…
Galleon explores copper-zinc project
The first stage of an exploration program by Galleon Gold (VSE) is now under way on the Big Andy copper-zinc project at the head of Bute Inlet, 135 miles northwest of Vancouver. The program follows an…
GOLD FUNDS (November 18, 1991)
BGR Central Net Value $8.16 $4.90 Price $7.38 $4.400 Discount 9.63% 10.2% Value $48,588,838 $74,026,920…
Former LAC officers plan share offering, TSE listing
Toronto-based Tri Origin Exploration, a private company with mineral properties in Ontario and Australia, plans to make a share offering of $1.5-2.25 million in preparation for listing on The Toronto …