Golden Giant output to fall in ’93
After being in control for just over a year, Hemlo Gold Mines’ (TSE) new management team appears to be achieving its corporate objectives of making the company a low-cost producer and environmentally …
News
MINER DETAILS — Madsen puts hope in `Mr. Chibougamau’
Our readers love to take us to task; for stories not written, for biased reporting, for outright mistakes. But we are also asked for information. “About Red Lake Buffalo Resources,” writes A.B. from W…
LATIN AMERICA ROUNDUP — Nicaragua selling mining assets
The Nicaraguan government is selling some state-owned mineral assets, including two operating mines, that were nationalized when the Sandinista regime was in power. To be privatized are the operating …
NEWS ROUNDUP — Cominco delays increase in nickel output
A production increase planned for later this year was delayed by the owners of the Glenbrook nickel smelter because of current nickel market conditions. The smelter, near Riddle, Ore., is owned 50% ea…
LETTERS TO THE EDITOR — Sharing Senate seats
Forestry, mining and tourism are being handed from one government to another. The status quo of Northern Ontario resource-based communities may be eroded through the constitutional negotiations in nat…
NEWS ROUNDUP — Teck plans to drill Stratabound claims
Trenching and drilling are expected to get under way on the CNE/Captain group of properties in New Brunswick by year-end, reports property holder Stratabound Minerals (ASE). Teck (TSE) has completed a…
PROFILE — Howe stays ahead of crowd in diamond hunt
Years before the diamond fever flared up in the Northwest Territories, Peter Howe acquired a diamond property in central Africa for Ateba Mines. Recently, TSE-listed United Reef Petroleums farmed in f…
Updated study for Refugio deposit
Board approvals were received by Bema Gold (TSE) and Amax Gold (NYSE) to close a transaction whereby Amax will become a 50-50 partner with Bema to jointly finance and develop the Refugio gold project …
Drilling starts in Saskatchewan
With three projects slated for drilling this coming fall and winter, Pine Channel Gold (VSE) expects to rank among the more active junior companies in northeastern Saskatchewan. The company recently a…
Dia Met expands diamond exploration hunt to Alberta
Western markets continued a slow slide during the week ended Oct. 20, with the Vancouver Stock Exchange composite index slipping 5.45 points to close at 551.65 and the resource index finishing down 7….
Toronto Stock Exchange Indices (October 26, 1992)
Oct.20 Oct.19 Oct.16 Oct.15 Oct.14 High Low Composite”300″3241.84 3225.48 3207.70 3196.14 3195.39 4009.47 3009.91 Metals&Minerals 2630.44 2643.05 2641.53 2603.82 2608.64 3453.06 2502.63 Integrated Min…
TSE Short Positions (October 26, 1992)
Semi-monthly reports as of October 15, showed 32,416,745 shares of 572 issues compared with 28,399,927 shares of 560 issues on September 30. Larger individual positions included: Aber Res. 58,600; Ame…