Obituary — Sherwin Kelly
A member of the British Columbia and Yukon Chamber of Mines and the first person to be named a “Fellow of the British Columbia Chamber of Commerce,” Sherwin Kelly died recently. He was 99. A native of…
News
NEWS ROUNDUP — Madsen buys Dona Lake mill
Junior Madsen Gold (TSE) intends to buy the facilities of the Dona Lake mine, near Pickle Lake, Ont. Madsen will pay $820,000 to Dona Lake Gold Mines for the plant, which includes the 500-ton-per-day …
Wrightbar, Charlim get OK for merger
Shareholders of both Wrightbar Mines and Charlim Explorations have approved the merger of the two Montreal-listed companies. Each Wrightbar shareholder will receive one common share of Lithos, the new…
Glimmer Drilling tests Hislop-Beatty
Junior Glimmer Resources (VSE) has released final results from the last hole in a drill program on the Hislop-Beatty property in northeastern Ontario. Hole 142 featured five intercepts, including an u…
TSE Short Positions (November 14, 1994)
Semi-monthly reports as of Oct 15, 1994 showed 257,344,810 shares of 878 issues compared with 240,252,804 shares of 835 issues on Sep 15, 1994. Larger individual positions included: Aber 132,740, up 3…
FACTS & FIGURES — Peru’s growing mining sector
The mining sector of Peru now represents 11% of the country’s gross national product and more than 40% of legal exports; directly and indirectly, it supports some 10% of the population. It is virtuall…
First Silver eyes Mexican properties
Junior First Silver Resources (VSE) intends to earn a half interest from Agincourt Explorations (VSE) in three silver-zinc properties in Mexico’s Sonora state. The properties consist of 18 concessions…
Rowland leaving Lonrho
One of London’s more controversial and colorful tycoons, Roland (Tiny) Rowland, will resign from the trading company Lonrho PLC, which he has run for three decades, Associated Press reports from the B…
Dynacor drilling Siscoe mine
An underground drilling program by Mines Dynacor (ME) will be aimed at uncovering new gold mineralization deep at the Siscoe mine property near Val d’Or, Que. The junior, which is planning a $300,000 …
Metal prices boost index (November 14, 1994)
A surge in the metal and mineral sub-index in September helped to push the Bank of Nova Scotia’s commodity price index higher. The all-items index rose 0.6% in September from August; it sits 10.4% hig…
Northgate owns Chilean mine
TSE-listed Northgate Exploration has assumed complete ownership of the Choquelimpie gold property in northern Chile. It increased its interest to 100% from 35% by acquiring the interests of its joint-…
Correction (November 14, 1994)
The chief executive officer of Kinross Gold, Robert Buchan, will speak at the Thursday, Nov. 17, luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum. An incorr…