NEWS ROUNDUP (May 25, 1992)
A surface exploration program is being planned by Teck (TSE) for its recently optioned Mount Alcock project, 23 km from Ware in northern British Columbia. The major elected to exercise an option to ea…
News
FINANCING (May 18, 1992)
Ventex Resources Corp – 1,500,000 shs offered @ 10 cents per sh. Arlo Resources Ltd – 700,000 shs offered @ 51 cents per sh. Loumic Resources Ltd – 400,000 unit consisting of 1 sh and 2 wt @ $1.11 per…
GOLD FUNDS (May 18, 1992)
BGR Central Net Value $7.69 $5.02 Price $6.00 $4.500 Discount 21.96% 10.4% Value $45,772,000 $75,709,350…
Drilling industry caught up in a changing world
Last year when I took over the presidency of the Canadian Diamond Drilling Association, I mentioned that I was born during worst year of the Depression. It seems ironic that the past year may become k…
Workplace health and safety a challenge for the 1990s
Work-related injury and illness not only cause an unacceptable level of pain and suffering, but the compensation costs, on average, amount to 4% of payroll. In 1991, the Ontario Workers Compensation B…
Political fallout already felt in aftermath of mine tragedy
Political fallout is already evident in Halifax and Ottawa following an explosion in the Westray coal mine at Plymouth, N.S., that killed 15 miners instantly and left another 11 missing. A methane gas…
People (May 18, 1992)
Jordan Ethans appointed director.
GUEST COLUMN (May 18, 1992)
In your guest column “Geostatistics or voodoo science?” (T.N.M., April 20/92), Jan Merks advocates the new “grade-squared partition technique” as a more precise and realistic approach to reserve estim…
George Miller new chairman for Hall of Fame
The Canadian Mining Hall of Fame has a new chairman. George Miller, president of the Mining Association of Canada, replaces Maurice Brown, who has chaired the Hall’s board of directors since the Hall’…
Hemlo in charge at Central Crude
Exercising its ownership position in Central Crude (TSE), Hemlo Gold Mines (TSE) moved to gain control of the board of directors at the junior’s annual meeting in Toronto and operation of the company….
TORONTO STOCK EXCHANGE INDICES (May 18, 1992)
May 12 May 11 May 8 May 7 May 6 High Low Composite”300″3427.89 3427.23 3374.43 3362.90 3361.30 4009.47 3009.91 Metals&Minerals 3089.15 3069.33 2995.50 2985.60 2967.75 3453.06 2502.63 Integrated Mines3…
Spot prices at a glance (May 18, 1992)
Week’s Price (US) Change Gold* $334.75 – $2.00 Silver* $ 4.08 + $0.01 Platinum* $352.80 + $0.15 Nickel** $ 3.31 – $0.04 Lead** $ 0.24 $0.00 Copper $ 1.00 + $0.01 Zinc $ 0.61 – $0.02 Courtesy of Scotia…