Commodity index rises slightly (July 13, 1992)
The metal and mineral sub-index of Scotiabank’s commodity price index edged up in May as firmer zinc prices offset weaker prices for nickel, gold and aluminum. The sub-index helped the all-items index…
News
STOCK MARKETS — First-hole results at Casino boost shares of
Trading statistics for the Vancouver Stock Exchange mirror a general feeling of malaise at brokerage houses where phones are quiet. After comparing the second quarter of 1992 with the first, the excha…
LATIN AMERICA — Mexico is largest trading partner
Canada’s largest trading partner in Latin America is Mexico, reports the Export Development Corp. (EDC), which recently announced the conclusion of a technology-based sale by a Canadian exporter to Me…
Equinox, Eastmaque reach new agreement on merger
Following its failure to receive court approval for a proposed merger, Eastmaque Gold Mines (TSE) and Equinox Resources (TSE) recently signed a new agreement. Under the terms of the new agreement, Eas…
Orapo, Shannon seek Manitoba diamonds
The diamond fever infecting the Northwest Territories, Ontario and Saskatchewan appears to have spread to Manitoba with a recent announcement by Orapo Resources. Orapo, along with joint venture partne…
Cominco defers smelter decision
More tests will be required before management of Cominco (TSE) is able to make a decision whether to modify and restart its QSL lead smelter at Trail, B.C., or convert to a Kivcet plant. The company’s…
Shipes sees bright future for Arimetco
By using low-cost methods to produce cathode copper at properties in North and South America, Arimetco International (TSE) Chairman Roy Shipes says he wants to turn the company into an industry powerh…
$12,000 to survey Lake Superior shore
A $12,000 grant will be given to geophysicists at the University of Toronto to conduct research along the east shore of Lake Superior, says Shelley Martel, Ontario’s mines minister. “The investigation…
Timmins Nickel, Marshall in dispute
A dispute between Timmins Nickel (TSE) and Marshall Minerals (ASE) has closed the Carshaw mill in the Timmins, Ont., area. Timmins Nickel says it received notice July 1 from Marshall terminating the l…
Sikaman debt
Owners of the 10% convertible debentures of Sikaman Gold Resources (TSE) approved recently a proposal to convert $6.1 million in debt into units consisting of three redeemable, convertible preference …
LETTERS TO THE EDITOR — Rio Algom retains St. Philips
Your article “Rio not funding Kemess work, partners consider alternatives” (T.N.M., June 29/92) may create a misleading impression that Rio Algom has no further interest in the South Kemess project. N…
USMX in production at Yankee
After a year of permitting, engineering and construction, USMX (NASDAQ) recently brought a third producing property into production on the Alligator Ridge trend near Ely, Nev. The project, dubbed the …