WCB benefits extended to gold miners’ estates
The Workers’ Compensation Board (WCB) in Ontario may pay compensation benefits to estates of gold miners who died of lung cancer. The original WCB policy restricted eligibility for entitlement and ben…
News
Canarc confirms discovery
Drilling at the Polaris-Taku property in northwestern British Columbia is confirming the discovery of a new zone of gold mineralization. Owner Canarc Resources (TSE) drilled 14 surface holes from seve…
Kavanagh to address CIM dinner
Exploration and mining developments around the world will be the topic of an address Jan. 19 at the Students’ Night dinner of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Pet…
ODDS’N’SODS — A tale of two companies
There is no single way to build a successful mining company, as two giants on the Canadian scene affirm. In 1923, prospector Ed Horne undertook to work his way east from Kirkland Lake, Ont., and disco…
Westray helpers honored
For acts of heroism following the Westray coal mine explosion in 1992, 194 draegermen and bare-faced miners have been awarded Medals of Bravery. The explosion at the Plymouth, N.S., mine killed 26 min…
Spot prices at a glance (December 26, 1994)
Week’s Price (US) Change Gold* $382.50 + $4.15 Silver* $ 4.83 + $0.06 Platinum* $417.50 + $7.85 Nickel** $ 3.78 + $0.03 Lead** $ 0.29 + $0.01 Copper $ 1.34 $0.00 Zinc $ 0.50 + $0.01 Courtesy of Scotia…
STOCK MARKETS — Western markets sluggish as composite index
‘Tis the season to re-price employee stock options. This, at least, is what a flood of companies are doing as western markets continue to slide. The Vancouver Stock Exchange composite index dipped jus…
STOCK MARKETS — Strengthening gold sector bolsters TSE
Strength in the gold sector helped propel the Toronto Stock Exchange higher over the 5-day report period ended Dec. 20. The composite 300 index jumped 109.72 points to close at 4,154.13. The gold and …
World Wide pursuing Chinese exploration targets
In an effort to expand its exploration activities, World Wide Minerals (TSE) has struck a preliminary agreement with privately owned Taishan Gold. World Wide intends to buy Taishan from Toronto-based …
Pegasus suspends dividend
Spokane-based Pegasus Gold (TSE) has decided not to declare a year-end dividend. The company says that although it is financially strong, its resources are better deployed in new projects, minesite ex…
Freewest reshuffle gets green light
A proposed reorganization of Freewest Resources (TSE) and its subsequent amalgamation with Hemlo Gold Mines (TSE) has been approved by Freewest’s shareholders. Effective Dec. 15, all of Freewest’s ass…
Inco options two properties in Casa Berardi camp
An option to explore two of Glen Auden Resources’ (CDN) properties in northwestern Quebec has been acquired by Inco (TSE). One property consists of 24 claims in Casa Berardi Twp., while the other comp…