Mining active when Toronto was just an outpost
Thunder Bay, Ont., has played a direct part, as has all of Northern Ontario, in the mining community. In many respects, northern Ontario, as well as northern Quebec, have been the seminal geographic f…
News
Toronto Stock Exchange Oil price shock may foreshadow gold rally
Neither fear of a Mid-East war nor a sharp increase in the price of crude oil could engender much enthusiasm for gold stocks on The Toronto Stock Exchange during the week ended Oct. 9. But, in the cur…
Thunder Bay services exploration needs
Although mining has not historically been a key economic factor in the Thunder Bay area, exploration activity has continued to be strong with a significant growth trend. According to the Thunder Bay E…
Mining succeeds despite burdens being placed on it
To anyone who has never lived in the north, the importance of mining may not be readily apparent. There are no well-publicized statistics on the role mining plays in the economies of northern areas of…
Latest provincial budget put additional burdens on mining – Ore
The situation in Quebec has been rather quiet on the taxation front in the past year, except for the federal Goods and Services Tax (GST), where partisanship has stirred controversy. The 7% GST is now…
Dia Met discovers gem-quality diamond, location undisclosed
Kelowna-based Dia Met Minerals (VSE) has discovered a gem- quality macrodiamond and a cubic microdiamond within one of the company’s joint venture claim groups. Dia Met director Charles Fipke only ide…
Rouyn-Noranda sees growth in mining
Mining, and especially mining- related activities, are an expanding contributor to the economy of the Rouyn-Noranda district in Quebec, where minerals worth some $365 million were produced in 1989. Th…
INSIDER TRADING Pezim sells ahead of price decline
Murray Pezim may have had his wings clipped to some extent by an investigation into trading activity involving some of his companies. But the Vancouver promoter obviously hasn’t lost his sense of timi…
Toronto Stock Exchange Indices (October 15, 1990)
Oct. 2 Oct. 1 Sept.28 Sept.27 Sept. 26 HIGH LOW Composite “300”3191.38 3175.67 3159.37 3161.49 3181.48 4009.47 3159.37 Metals & Minerals2888.45 2904.67 2860.86 2868.41 2873.50 3453.06 2850.84 Integrat…
Rhodes starts drilling at base metal project
Geophysical anomalies on the Captain base metal property 50 miles south of Bathurst, N.B., will be the target of a 1-rig drilling program by earn-in partner Consolidated Rhodes Resources (VSE). Rhodes…
Val d’Or, Bullion in new arrangement
Junior mining company Ressources Val d’Or (ME) plans to transfer its rights to 80% of the Vendome zinc project in the Val d’Or area of Quebec to private firm Bullion Monarch Canada Resources. The new …
Timmins, built on mining, still experiencing growth – 25% of
The largest city in Canada with a geographic size of 1,240 square miles, Timmins, Ont., bills itself as a “world-class” mining camp with plans to retain that reputation. With a population of 47,000, s…