Glencairn, Kinbauri revise agreement
Under a revised agreement between Glencairn Explorations (TSE) and Kinbauri Gold (ASE), Glencairn can earn a 100% interest in the Alfie Creek kimberlite property near Kirkland Lake, Ont., by spending …
News
OSC hearing
The Ontario Securities Commission has scheduled a hearing Aug. 25 in Toronto related to certain business activities of Patrick Sheridan. To be dealt with by the hearing are allegations that Sheridan c…
No safety concerns noted in bank’s Westray review
A review by the Bank of Nova Scotia of the then yet-to-be-built Westray coal project identified a number of financial risks associated with the mining project but apparently no safety concerns. A meth…
Echo Bay offering
Net proceeds from the sale of 5.75 million convertible preferred shares amounted to US$136.3 million, Echo Bay Mines (TSE) reports. The proceeds are earmarked for debt repayment and general corporate …
Others’ Words (August 03, 1992)
The name of the community of Copper Cliff in northern Ontario is allegedly derived from the expression “cliffs of copper,” with which Rinaldo McConnell described the mineral-rich area to Samuel J. Rit…
GUEST COLUMN — A `field of dreams’ parable
Timmins, Ont., was born of the discovery of riches. In 1909, a group of prospectors discovered the fabulous Dome “Golden Stairway” which gave rise to the Dome Mines family of producers. Soon after, pr…
Jena financing for Trillion
First closing for more than $1.5 million on a 10% convertible debenture was recently completed by Trillion Resources (ASE). The company says the funds will be used to complete its investment for a 50%…
Scholar repudiates progress opponents
Keynote speaker at the Mining Industry Communications Workshop Oct. 20-22 at the Alexis Park Hotel in Las Vegas, Nev., will be Dixy Lee Ray. Her topic is “Speaking out on the environment.” Ray is a se…
Drouin retiring from QMA posting
The managing director of the Quebec Mining Association, Claude Drouin, will officially retire Aug. 31. Appointed to the managing director’s post is Dan Tolgyesi. Drouin, who has a doctorate in mining …
Production to resume at Van Stone zinc mine
A recent improvement in zinc prices has prompted Equinox Resources (TSE) to prepare the Van Stone zinc mine for renewed production. The 60% owned mine is in northeastern Washington state, south of Com…
Metal prices are stronger
Metal prices improved in June but the all-items commodity price index of Scotiabank dropped slightly. Oil and gas and agricultural prices also rose, but were offset by a decline in the forest product …
Spot prices at a glance (August 03, 1992)
Week’s Price (US) Change Gold* $358.20 + $1.10 Silver* $ 3.94 – $0.02 Platinum* $374.00 – $3.90 Nickel** $ 3.37 – $0.05 Lead** $ 0.29 – $0.01 Copper $ 1.14 – $0.03 Zinc $ 0.61 – $0.01 Courtesy of Scot…