Changes designed for easier use
Changes introduced to our stock trading tables this week are designed to make them easier to use while continuing to provide the most comprehensive listing of weekly stock quotations for mining securi…
News
INSIDER TRADING (April 13, 1992)
Thunderwood Resources (TSE) director Leo Thibodeau recently sold a big portion of his stake in the Toronto exploration company. According to the Ontario Securities Commission’s OSC Bulletin, Thibodeau…
Greenstone to buy Nicaraguan mine
Toronto-based Greenstone Resources (TSE) says its share of gold production will jump to about 82,000 oz. per year by 1994 if it purchases the Libertad gold mine in Nicaragua. As part of Nicaragua’s re…
Cameco drilling finds new zone at Contact Lake
Cameco (TSE) has discovered a new gold zone on the Contact Lake (Preview Lake) property north of La Ronge, Sask. Drilling along the Bakos structure, where three zones have already been identified, Cam…
33 mines shut down in 1991, net job loss reaches 2,000
Ore depletion, low metal prices and depressed market conditions resulted in the permanent closure or suspension of 33 Canadian mines in 1991, according to the Mineral Policy Sector of Energy, Mines an…
MINER DETAILS (April 13, 1992)
The Mining Association of British Columbia doesn’t like the first provincial budget brought down by Michael Harcourt’s New Democratic Party. The industry is taxed-to-the-max already, the association s…
CIM group to tour Black Hills
The Canadian Institute of Mining and Metallurgy (CIM), Toronto Branch, is organizing a spring field trip to the Black Hills of South Dakota. Scheduled for the week of May 17-24, the trip will take in …
Cathedral’s Sterling mine in Nevada pours 100,000th oz.
The Sterling mine produced its 100,000th oz. of gold in March, a day of celebration for Cathedral Gold (TSE) which owns 52% of the heap leach operation near Beatty, Nevada. The mine has been in produc…
Companies provide funding for co-operative exploration effort
A group of 14 Canadian mining companies have contributed a total of $192,000 to start up an exploration division within the Mining Industry Technology of Canada (MITEC). With research and development …
Cyprus completes first phase of smelter expansion project
The first phase of a US$100-million modernization and expansion project was recently completed by Cyprus Minerals (NYSE) at its copper smelter in Miami, Ariz. Copper concentrate feed was loaded into t…
Galactic looks to the future
With the recent sale of its 50% interest in the Ivanhoe joint venture in Nevada for US$13.4 million, Galactic Resources (TSE) is a step closer to completing a restructuring of its assets. The company …
Selling pressures push down gold price
Gold: Prices of the yellow metal continue to retreat under mild selling pressures to the US$340-per-oz. level. Rumored sales by “large sellers” added little to the movement. While traditional uses for…