News



CIM tours Homestake mine

The recent tour of South Dakota mining country, sponsored by the Canadian Institute of Mining, Metallurgy and Petroleum’s (CIM) Toronto branch, proved to be a huge success although the slot machines a…


METALS PRICES (June 15, 1992)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 9 June 8 June 5 June 4 June 3 Copper 1228.5-1229.5 1232-1233 1240-1241 1226-122…


FINANCING (June 15, 1992)

Arlo Res Ltd. – 700,000 shs offered @ 51 cents per sh. Golden Ring Res. – 500,000 units consisting of 1 sh and 2 wts offered @ $1.11 per unit. Intertech Minerals Corp. – 1,250,000 shs offered @ 18 cen…


Labor relations key to staying competitive

Management and labor have to abandon their traditional adversarial relationship if Canadian mining companies are to survive, says the president of Brunswick Mining and Smelting (TSE), citing his own c…


Plexus shareholders grill officers

Officers of Plexus Resources (TSE) were put on the spot by several disgruntled shareholders at the company’s recent annual meeting. Angry that a deal to buy Total Energold’s (TSE) 51% stake in the com…


U.S. REPORT (June 15, 1992)

According to a recent agreement-in-principle, Pegasus Gold (TSE) will acquire 800,000 units of International Curator Resources (VSE) at 25 cents per unit for a total price of $200,000. Each unit consi…




Munk purchases Horsham stock

American Barrick Resources (TSE) Chairman Peter Munk recently invested almost $6 million to exercise an option to purchase one million shares of Barrick’s oil refining affiliate Horsham (TSE). Munk al…


GUEST COLUMN (June 15, 1992)

What would you have if you had “hydrothermal gold-molybdenum deposition resulting from exsolution of volatile phases from a felsic magma with attendant alteration and brecciation”? The answer is, one …


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