New law forces MAPAO changes
At its recent annual meeting in Toronto the Mines Accident Prevention Association of Ontario (MAPAO) celebrated 60 years of progress in Ontario’s mining industry. The immediate forerunner of MAPAO wa…
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PEOPLE SEYGOLD RESOURCES
W. McKee appointed secretary-treasurer.
Jordex bids to acquire Moraga
Known primarily for its mining ventures in Latin America, Jordex Resources (VSE) has made a move to acquire Moraga Resources (VSE) which has mineral property holdings on northern Vancouver Island. Sub…
PROFILE Nagy of Snip fame explores Brewery Creek
Despite the current recession, the Brewery Creek gold deposit, near Dawson, Yukon, excites investors. Loki Gold, which is earning into the discovery, has recently raised $1.28 million in a public fina…
Contract ratified at Mines Gaspe
Workers at Noranda Minerals’ (TSE)Division Mines Gaspe in Quebec have voted 79.8% in favor of a new, 3-year collective agreement effective May 28. The new contract provides for an 18.8% wage increase…
Drills to turn on Queenston bet
Battle Mountain Canada, a unit of Houston-based Battle Mountain Gold (NYSE), is planning to spend $1 million this year to follow up encouraging results from a group of claims near Kirkland Lake, Ont. …
St Andrew plans new offering
To help solve its financial problems, St Andrew Goldfields (TSE) is planning an offering of convertible preferred shares in Switzerland. The company said it has appointed Banque Indosuez of Geneva an…
LETTERS TO THE EDITOR Culprits of industry’s woes
A recent Editorial Page column (T.N.M., May 20/91) by M.R. Brown correctly identifies problems facing the mining industry, many of which have been initiated by various federal and provincial governmen…
Pegasus floats new offering
An offering worth about $44.6 million, involving the sale of three million units in Canada and Europe only, has been announced by Pegasus Gold (TSE). The gold producer said each unit, to be priced at…
Unlisted Trading McNickel up 8 cents
News of McNickel’s plans to earn a 50% interest in a tire recycling joint venture more than doubled the value of the junior explorer’s shares. On thin volume, McNickel gained eight cents to close at 1…
EDITORIAL PAGE Back to basics
“The history of mining until this century was one of small-scale operations, often crude in terms of technology and hazardous to health and safety but nevertheless providing the necessary mineral raw …
Commodity prices decline in April
Declining metals prices contributed to a lower all-commodity price index in April, Scotiabank reported from Toronto. The index fell by 0.9% in April after a slight gain in March. Gold, sulphur and co…