EDITORIAL PAGE (April 13, 1992)
It’s stunning to see how easily Ontario Premier Bob Rae can so completely ignore in the speech from the throne what he had so fervently supported just days earlier. In late March a grassroots campaign…
News
Gold bulls back
I couldn’t have agreed more with your editorial “Fundamentals look bullish for gold” (T.N.M., Mar. 2/92). While your viewpoint was clearly valid, investors only need to realize that the ultimate bulli…
Holcorp plan rocks Arimetco
A stellar performer of late, oxide copper specialist Arimetco International was rocked by some bad news during the week ended April 7 after hitting a new high of $5.75. Arimetco has been something of …
INSIDER TRADING (April 13, 1992)
Thunderwood Resources (TSE) director Leo Thibodeau recently sold a big portion of his stake in the Toronto exploration company. According to the Ontario Securities Commission’s OSC Bulletin, Thibodeau…
Greenstone to buy Nicaraguan mine
Toronto-based Greenstone Resources (TSE) says its share of gold production will jump to about 82,000 oz. per year by 1994 if it purchases the Libertad gold mine in Nicaragua. As part of Nicaragua’s re…
Companies provide funding for co-operative exploration effort
A group of 14 Canadian mining companies have contributed a total of $192,000 to start up an exploration division within the Mining Industry Technology of Canada (MITEC). With research and development …
Windy Craggy comes under attack in U.S.
A river conservation organization in the U.S., American Rivers, says the Tatshenshini-Alsek river system in northwestern British Columbia (and near Alaska), in the area of the Windy Craggy copper mini…
Increased smelter charges reflect zinc supply
There are some who may need to consult economists and pore over volumes of statistics to gauge the health of the economy. A faster way may be to examine the zinc price. About 46% of the metal is used …
Minerva options Mexican property
After months of intense negotiations, a Mexican company owned 49% by Minerva Gold Mines (VSE) has emerged with an option agreement to purchase the La Conquista property located entirely within the bou…
War Eagle is encouraged by drilling at La Blanca
Recent drilling on the La Blanca property in the state of Chihuahua in Mexico has owner War Eagle Mining (VSE) optimistic ongoing work will prove up a large silver-gold deposit. Based on eight drill h…
Teck invests in Chilean venture
Armed with funds from a recent private placement, Arauco is planning to accelerate exploration programs on the more developed properties which it has acquired in southern Chile. Funding for this work …
Sale of interest in Cominco, Afton lifts Metall income
Proceeds of $18 million from the sale of its interest in Cominco (TSE) and Afton Mining boosted Metall Mining’s (TSE) earnings to $15.2 million (35 cents per share) in 1991 from $2.9 million in 1990. …