Placer Dome appoints new v.p. exploration
International mining giant Placer Dome (TSE) has appointed Eliseo Gonzalez- Urien vice-president of exploration with responsibility for the company’s exploration activities worldwide, excluding those …
News
SOQUEM, Equity regional’ find
A gold-bearing structure consisting of quartz-tourmaline-pyrite mineralization has been outlined on the Olga Lake property of SOQUEM and Equity Silver Mines (TSE), about 40 km east of Matagami, Que. S…
Metal snips Bougainville on care and maintenance
Owners of the Bougainville copper-gold mine in Papua New Guinea have placed the project on a “care and maintenance” basis. Capable of turning out 180,000 tonnes copper per year, the mine was closed Ma…
Western Mining listed on NYSE
Australia-based resource giant Western Mining Corp. Holdings (NYSE) was listed for trading recently on the New York Stock Exchange. Ordinary shares of Western Mining are listed as American Depositary …
Homestake drills strong hole on SAG’s Akaiwong project
Drilling by Homestake (NYSE) on the Akaiwong gold property held under option from South American Goldfields (TSE) in Guyana, has returned encouraging results. A 12-hole program designed to test a larg…
Corona offering near $100 million
Following in the steps of two other major Canadian gold producers, Corona (TSE) has gone to the market to raise capital through an offering worth almost $100 million. Toronto-based Corona will issue n…
Deak seeks funds for mill work
Having recently raised $3.85 million in subscription funds backed by debentures, Deak Resources (TSE) is hoping to have commitments by the end of January for an additional $10 million to cover the cos…
Editorial COATS and the OSC don’t mix
For almost four years now, the Canadian Automated Over-the- counter Trading System has been, in effect, trying to carve out a market niche for itself. When barely one year old, it survived the market …
OSC revises rules governing COATS
The Ontario Securities Commission has changed the rules that govern trading of over-the-counter securities on the Canadian Over- the-Counter Automated Trading System known as COATS. Citing concerns th…
Ministry of Natural Resources
The Ministry of Natural Resources, Ontario Basic Mapping (OBM) Section, is expanding its program of mapping in the province. These maps are being used for real property records, land and resources man…
Editorial Lower rates
The Bank of Canada’s efforts to ward off inflation are understandable, but it is doubtful whether doing so at the expense of exporting industries such as mining is a good trade-off. Excessive zeal in …
Toronto Stock Exchange Indices (January 22, 1990)
1989 Jan. 16Jan. 15Jan. 12Jan. 11Jan. 10HIGH LOW Composite 300 3899.983894.013881.843941.703941.564009.473881.84 Metals & Minerals3220.743242.033261.013340.483325.173453.053220.74 Integrated mines3…