Company director fined in accident
A company director, along with the company itself and a supervisor, has been convicted of an offence, the first under Ontario’s revised Occupational Health and Safety Act. The accused pleaded guilty r…
News
Ariel No. 1 gold producer in Costa Rica
With the Matapalo mill approaching its 300-ton-per-day capacity, Ariel Resources (VSE) is Costa Rica’s largest gold producer. The company produced 9,413 oz. in the fiscal year ended Sept. 30, 1993, an…
Diamonds and global activity focus of PDAC convention
By all accounts, the 62nd annual convention of the Prospectors and Developers Association of Canada (PDAC) in Toronto was a success. With more than 3,000 delegates and in excess of 300 exhibitors, the…
Viceroy launches global exploration initiatives
With the Castle gold mine churning out more gold and healthier profits, Viceroy Resource (TSE) is setting its sights on opportunities farther afield. The company has joined Gwalia Consolidated, an Aus…
William acquires gold project
Following completion of a due diligence review of the Malmani gold project in South Africa, William Resources (ME) has opted to acquire all shares of Ventra Gold Mines held by Braeside Investments. Ve…
Inco cutting staff, production resumes
Production at Inco’s (TSE) operations in Sudbury, Ont., and Thompson, Man., have resumed after a period of cutbacks. The Sudbury mines were closed for eight weeks whereas, at Thompson, operations were…
Granduc borrows funds for Keystone
Following their recent purchase of share positions in Granduc Mining, associated companies Conwest Exploration and Jascan Resources have agreed to lend Granduc up to $3.5 million. (All three companies…
OPINION — U.S. capital moves overseas for copper
A large amount of capital is moving out of the U.S. to foreign countries, particularly Chile, for exploration and development of copper mines. During the past 10 years, American producers have spent e…
Noranda hits zinc near Timmins
The exploration division of Noranda (TSE) has encountered additional base metal mineralization at the Fox-Stimson property near Timmins, Ont. Property vendor Cross Lake Minerals (VSE) reports three ho…
North American Metals may expand mill
Drilling on the Kodiak zone at the Golden Bear property in northwestern British Columbia continues to return gold values. Indeed, work to date has prompted North American Metals (VSE) to consider expa…
Research firms joining forces
Two research companies on opposite sides of the Atlantic have joined forces. Resource Strategies of Pennsylvania and Metals & Minerals Research Services of the United Kingdom entered a production and …
TSE Short Positions (March 14, 1994)
Semi-monthly reports as of Feb 15, 1994 showed 68,492,494 shares of 808 issues compared with 89,182,749 shares of 825 issues on Jan 31, 1994. Larger individual positions included: Aber 202,000, up 52,…