CSA purchase
CSA Management (TSE) of Toronto recently boosted its beneficial ownership in Goldcorp (TSE) to 14% through the open-market purchase of 9,800 A shares of the latter. Goldcorp is the controlling shareho…
News
PROFILE (December 23, 1991)
At a time when the market is bearish, LAC Minerals sends a signal to investors that it remains a serious player in the mining industry, looking for quality assets worldwide. It has just raised $106 mi…
VSM, Serem hit sulphide-rich shear
Partners VSM Exploration (TSE) and Serem-Quebec have intersected a mineralized shear zone over more than 70 metres in Mountain Twp., Que. The structure, which contains 1-12% pyrite, 4-12% pyrrhotite (…
Securities Dealers organize to improve public image
At a time when institutions and individuals aren’t lining up to buy speculative stocks, the broker dealers who sell those stocks in Ontario have set up an organization to improve their public image. T…
Unlisted Trading (December 23, 1991)
Recently listed Newfoundland Goldbar Resources (CDN) got off to a good start with encouraging results from the Glover Island gold property in western Newfoundland. Optioning the property from ASE-list…
Eskay players study options in light of Placer’s decision
The share prices of all public companies involved in the Eskay Creek project weakened slightly on news that Placer Dome (TSE) had elected not to increase its interest in the project to 50% under the t…
$88 million from governments helps HudBay upgrade smelter
A $187-million program designed to reduce sulphur dioxide emissions at Hudson Bay Mining and Smelting’s (TSE) copper-zinc plant in Flin Flon, Man., got under way recently. Financing for the program wa…
Oregon’s new policies threaten halt to mining activity
Several mining companies active in Oregon are reported to have abandoned plans to develop gold mines in the state because of new environmental policies that will treat all mine operations using cyanid…
Richmont shares (December 23, 1991)
Golden North Resource (TSE) of Vancouver said it recently acquired 1.36 million shares (11.5% interest) of Richmont Mines (TSE). Richmont is the operator, and 50% owner along with LAC Minerals (TSE), …
Tyranex hits new zone at Tyranite
Tyranex Gold (CDN) has discovered a second, parallel zone on the northern extension of the former producing Tyranite gold mine in Knight and Tyrell twps., about 12 miles northwest of Gowganda, Ont. Re…
Imperial puts Mount Polley up for auction
Another copper-gold deposit has been put on the block in British Columbia. Imperial Metals (TSE) recently announced it is considering outright vending of 100% of the Mount Polley project northeast of …
Stanley to speak at CIM luncheon
The president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), William Stanley, will be the guest speaker Dec. 9 at the monthly luncheon of the Toronto branch of the CIM. Stanley, …