News

St Andrew bonds

A renewal of an offer to exchange 5.75% convertible bonds into convertible preferred shares at a ratio of 2,940 preferred shares for each CHF (Swiss franc) 5000 bond, until Sept. 27, has been announce…


Keno mine adits under observation

The president of United Keno Hill Mines (TSE) says the company is addressing Environment Canada concerns about pollution from two adits at the Elsa silver mine. “We believe we’ve got a solution that w…


Denison workers ready to strike

Unionized employees at Denison Mines’ (TSE) Elliot Lake, Ont., uranium operations say they are prepared to strike in support of contract demands. Denison’s 400 uranium miners, who are represented by t…


Ontex options Brookbank to Placer Dome

Exploration could resume as early as November on a group of Beardmore, Ont., gold claims awarded to Ontex Resources (ASE) following its recent court battle with Metalore Resources (TSE). Ontex has sig…


Industry concerns presented at conference

Industry representatives took advantage of the unusually open format at this year’s Mines Ministers’ conference to express their concerns about the continuing demise of mining and particularly explora…


Taxation talk in Montreal

Mining taxation is the subject of an international conference this week in Montreal. The conference, to run from Sept. 30 to Oct. 4 at the headquarters of the International Civil Aviation Organization…


Unlisted Trading (September 30, 1991)

The possibility that Black Gregor Explorations may succeed in enlisting major companies as joint venture partners for its two gold properties has excited investors. In a low-high range of 10-28 cents,…


TSE Short Positions (September 30, 1991)

Semi-monthly reports as of September 15, showed 22,743,881 shares of 607 issues compared with 21,859,304 shares of 574 issues on August 31. Larger individual positions included: Alliance Res. 48,500, …


PROFILE (September 30, 1991)

The time: after dark. The place: an Ontario provincial park. Prospector Pete, who wears a grizzly red beard and a funny old hat, comes from the ice age. Stomping around in big boots before an audience…


U.S. REPORT (September 30, 1991)

New York-based metals giant Asarco (NYSE) has reached a settlement with the U.S. federal government over alleged health and safety rule violations at its East Helena smelter in Montana. Back in 1988, …


Vancouver Stock Exchange (September 30, 1991)

Despite a boost in the price of gold over the US$350 level again, the resource index remained flat over the week ended Sept. 24 at 533.63 while the composite index managed a 3.82-point gain to finish …


Big Hydro rate hike in works

Ontario mining companies already under pressure from sagging metal prices are preparing to pay more for electricity after Ontario Hydro announced that it will increase its rates by an average of 11.8%…


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