JKS Boyles lays off 30 at Orillia
A restructuring plan by international equipment manufacturer JKS Boyles recently resulted in the elimination of 30 jobs at the company’s Orillia, Ont., facility. The Orillia location, which has been d…
News
$88 million from governments helps HudBay upgrade smelter
A $187-million program designed to reduce sulphur dioxide emissions at Hudson Bay Mining and Smelting’s (TSE) copper-zinc plant in Flin Flon, Man., got under way recently. Financing for the program wa…
Oregon’s new policies threaten halt to mining activity
Several mining companies active in Oregon are reported to have abandoned plans to develop gold mines in the state because of new environmental policies that will treat all mine operations using cyanid…
FINANCING (December 23, 1991)
Minerva Gold Mines Ltd – 1,000,000 shs offered @ 50 cents per sh. September Resources Ltd – 625,000 shs offered @ 37.5 cents per sh. Canadian Imperial Mines Inc – 600,000 shs offered @ 40 cents per sh…
Soquem options Kingswood claims
Soquem, a Quebec government-owned exploration concern, has taken an option on Kingswood Explorations’ (ASE) 60-claim property in the Eastmain River area of northern Quebec. In order to earn a 50% inte…
Placer Dome opts out — Corona goes alone at Eskay
A $10-million feasibility study to be completed next year will be used by International Corona (TSE) as a bankable document to continue development of the Eskay Creek project, now estimated to contain…
Aur probing Charlim property
Toronto-based Aur Resources (TSE) recently commenced field work on a 63-claim base metal property in the Joutel-Poirier area about 100 miles north of Val d’Or, Que. Under an agreement with Charlim Exp…
METAL PRICES (December 23, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 17 Dec 16 Dec 13 Dec 12 Dec 11 Copper 1191-1192 1187-1188 1193-1195 1209-1211 12…
Starmin, Adonos test oxide zone
An exploration verification program aimed in part at determining the tonnage of a near-surface copper oxide zone, the grade of acid-soluble copper and the precious metal (gold and silver) content at t…
Great Lakes’ rights offering
Toronto-based junior Great Lakes Minerals (TSE) recently raised $554,220 from a rights offering designed to finance royalty payments at its Keweenaw copper project in northern Michigan. Great Lakes sa…
Total bids for all Energold shares
Total Resources, the parent company of Total Energold (TSE), recently launched a bid to acquire all the shares it does not already own for $1.55 per share. Total Resources, which in turn is a wholly o…
Placer Dome options claims from Mineta
A recent option and joint venture agreement allows Placer Dome (TSE) to earn up to a 70% interest in a land package covering about 7,900 acres located 60 miles north of Kamloops, B.C. The property is …