Yukon exploration activity picking up
The Yukon’s mineral exploration season is expected to improve considerably this summer after only $10 million was spent in 1992. “It’s definitely picking up,” said Al Doherty, president of the Yukon C…
News
Battle Mountain to develop Reona
U.S.-based Battle Mountain Gold (TSE) plans to develop the Reona heap-leach deposit at its Battle Mountain complex in Nevada. The cost will be about $10 million. Reserves are about 13.5 million tons g…
Bursary fund honors Paul Young
Friends and early associates of the late mining engineer Paul Young have founded a student assistance bursary fund in his name. The Paul E. Young Memorial Fund is administered by The Walli Foundation …
Spot prices at a glance (May 10, 1993)
Week’s Price (US) Change Gold* $352.75 + $3.05 Silver* $ 4.25 + $0.20 Platinum* $374.15 – $0.60 Nickel** $ 2.67 – $0.01 Lead** $ 0.19 $0.00 Copper $ 0.82 – $0.03 Zinc $ 0.46 $0.00 Courtesy of Scotiaba…
STOCK MARKETS — TSE sets another trading record as golds
April turned out to be another extraordinary month for market players as the Toronto Stock Exchange’s composite 300 index shot up by more than 5% on record volume. According to TSE statistics, more th…
TORONTO STOCK EXCHANGE INDICES (May 10, 1993)
May 4 May 3 Apr.30 Apr.29 Apr.28 High Low Composite”300″3779.19 3773.47 3789.41 3755.06 3682.38 4009.47 3009.91 Metals&Minerals 2907.89 2901.08 2870.67 2858.39 2854.59 3453.06 2502.63 Integrated Mines…
Changes under way at Ontario Hydro
Plans under way to overhaul giant utility Ontario Hydro will not be a “one-shot change,” says Chairman Maurice Strong. Addressing a luncheon of the Toronto branch of the Canadian Institute of Mining, …
Drilling tests Stockade Mountain
Carlin Gold (ASE) has released results from seven reverse circulation holes drilled to test a structural zone on the Stockade Mountain project in eastern Oregon. The assay of the drill cuttings follow…
Casa Berardi earnings flow
The gold deposits of Quebec’s Casa Berardi district are still generating healthy profits for Golden Knight Resources (TSE). The company reported earnings of $1.1 million for the first quarter, a signi…
Higher prices, lower taxes needed for expansion in coal
Canada’s coal miners expressed relief that the financial and labor problems that shut down the Balmer, Greenhills and Fording mines in southeastern British Columbia have been resolved. Otherwise, litt…
Gold price appears to be holding
After steadily rising over the past few weeks, the price of gold has settled to above US$350 at press-time. But, the question on everyone’s mind is whether the yellow metal can hold the recent gains. …
Francoeur’s a little mine with a big profit
er the past half-dozen years, Jean Guy Rivard has patiently built a little gold mining company. Its head office is not on Toronto’s Bay Street or Vancouver’s Howe Street. stead, Rivard and his company…