EDITORIAL PAGE A first class mine
Mine closings are a sad but inevitable part of the mining business. Orebodies are finite, measurable entities that eventually are depleted. It is the task of the operator to extract that ore in a logi…
News
Toronto Stock Exchange Renewed interest in gold sparks rally in
While a US$3.45-per-oz. increase in the price of gold is nothing to get excited about, according to precious metals analysts, it was enough to get gold stocks moving during the week ended July 2. Seve…
Trimin following different path
Following the sale of its interest in the Hanson Lake copper-zinc deposit near Flin Flon, Man., Trimin Resources (TSE) is moving out of mining and into plastics. Armed with about $9.5 million in cash…
NEWS IN BRIEF Exploration Essor Inc.
Exploration Essor Inc. (ESO:ME) has changed its name to Ressources Orco Inc. (ORC:ME) with a consolidation of capital on a 1-new-for-10-old-share basis.
Noranda arranges option on Pine Channel’s Norite
Exploration funding for the Norite property owned by Consolidated Pine Channel Gold (VSE) has been arranged through a unit of Noranda (TSE). Pine Channel signed a letter of intent giving Noranda the r…
NEWS IN BRIEF Corona Corp.
Corona Corp. (ICR.B:TSE) has changed its name to International Corona Corp. (ICR.B:TSE) with a consolidation of capital on a 1-new-for-2-old-share basis.
Bargain-priced Cameco shares sell out quickly
Cameco’s public offering at $12.50 per share has met with widespread enthusiasm, said Jim Davey, a spokesman for RBC Dominion Securities, the lead underwriter. “It is well oversubscribed, both intern…
PEOPLE SNOWWATER RESOURCES
Malcolm MacGregor and Richard Conkin appointed directors.
Glimmer’s share value falls despite exploration success
Faced with a 48% short-term drop in the value of its shares, Glimmer Resources (VSE) is scrambling to come up with ways to increase shareholder liquidity. Trading on an anemic Vancouver market, Glimm…
PROFILE Peter Holmes advances Chutine in Mexico
Interest in Mexico’s mineral deposits has surged recently after the country announced its decision to allow 100% foreign ownership of local companies for up to 12 years. The prospect of free trade amo…
NEWS IN BRIEF Hilton Resources Corp.
Hilton Resources Corp. (HIR:VSE) has changed its name to North Slope Minerals Inc. (NHS:VSE) with a consolidation of capital on a 1-new-for-3.5-old-share basis. The transfer agent is Montreal Trust Co…
Montreal Exchange Casa Berardi drilling (July 08, 1991)
Trading volumes struggled but the market turned positive during the holiday-shortened week ended July 2. The mining and minerals index jumped by 33.7 points and the market portfolio moved ahead by 5.8…