O’Neill speaking at CIM
The Bank of Montreal’s Tim O’Neill will speak on “old industries in the new economy” when he addresses the Feb. 17 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Pe…
News
Trading records set by TSE
The Toronto Stock Exchange recorded its most active day ever on Feb. 3 when 106.3 million shares worth $1.3 billion (not a record) were traded. The daily feat comes on the heels of monthly records set…
CORPORATE TRENDS — Regulators and the market
Like most idealistic initiates to the world of regulatory processes, I have a little dream. My dream is one of markets which are competitive and of securities which are sold honestly, so that investor…
LAST BUT NOT LEAST — Eastern Stone reopens quarry
The Belmont Rose granite quarry has been reopened. The eastern Ontario quarry produces granite blocks for sale to North American monument manufacturers and construction companies. Belmont Rose Granite…
Reduced treatment fees for Ok Tedi
Base metal producer Ok Tedi Mining will pay less in copper treatment fees to smelters in Japan in fiscal 1994-95 (April 1-March 30) than in the previous year. Fees that will be paid to process metal w…
STOCK MARKETS — Canarc shares react to Barrick arrangement
Western markets took a bit of a breather during our report period ended Feb. 8, reflecting somewhat unsettled trading on major markets in the east. With gold holding steady above the US$380-per-oz. le…
Cambior boosts gold output (February 14, 1994)
The Omai mine in Guyana contributed significantly to Cambior’s (TSE) overall production in 1993. The company reports a jump in output of 46%. The producer turned out 518,083 oz. last year, up from 354…
THE DIAMOND PAGE — Rhonda estimates diamond grade from small
Following drilling at its Snowden, Sask., joint-venture project, Rhonda Mining (ASE) reports that Hole 93-2 contained a 1.17-metre, bedded tuff unit averaging 52 carats per 100 tonnes, with a 0.5-mm c…
U.S. MINING REPORT — Nevada’s Carlin Trend supports numerous
One would be hard-pressed to name a richer North American gold mining complex than the Carlin Trend in Nevada. The Goldstrike property of American Barrick Resources (TSE) contains about 22.5 million o…
NEWS ROUNDUP — Kinross raises production
Toronto-based Kinross Gold (TSE) is increasing production at the QR mine near Quesnel, B.C. The daily rate will rise to 800 from 500 tonnes, as a result of the provincial government having approved an…
Hemlo ups earnings and Holloway reserves
Underground tests have confirmed the grade, continuity and minability of the Holloway gold project in northeastern Ontario. Geological reserves of the Lightning zone have risen to 5.2 million tonnes a…
Active trading year for CDN
The Canadian Dealing Network (CDN) more than doubled its trading volume in 1993. The over-the-counter exchange traded more than a billion shares, up from 404.5 million in 1992. Also on the rise was th…