Black Hawk purchasing Redstone nickel mine
Ownership of the Redstone nickel mine near Timmins, Ont., which closed in June, will change hands under a recent deal between Black Hawk Mining (TSE) and Timmins Nickel (TSE). For $150,000, Black Hawk…
News
Kingswood in property deals with majors
Kingswood Resources (ASE) has negotiated agreements with Kennecott Canada and Soquem on two of its gold and base metal properties in northern Quebec. Kennecott has an option to earn 100% interest in K…
EDITORIAL PAGE — Recessionary blues
The federal finance minister’s recent economic statement or “mini-budget” has its supporters and its detractors, the more vocal, apparently, being the latter. If anything, Donald Mazankowski’s stateme…
Caledonia sells Richmont shares
Net proceeds of about $1.5 million were realized by the sale of its 1.36 million shares of Richmont Mines (TSE), says Caledonia Mining (TSE). Richmont reported gold production of 14,162 oz. during the…
Orco to drill three properties
Quebec junior Orco Exploration (ME) has announced that it will commence drilling on three properties in the Rouyn-Noranda area of Quebec within the next few weeks. The first program will be undertaken…
HudBay plant costs soar, layoffs loom
The estimated cost of building a new zinc plant in Flin Flon, Man., has jumped to $171 million from $120 million, according to Hudson Bay Mining and Smelting’s (TSE) 1992 annual report. Although compa…
LATIN AMERICA ROUNDUP — Aronos expands Sonora holdings
Two additional purchases of claims have been made by Aronos Multinational (CDN) adjoining the company’s gold exploration property in the Mexican state of Sonora. The company, which recently completed …
PRODUCER PRICES (December 14, 1992)
ALUMINUM: MW U.S. market US54.50-55.25 cents per lb. (Dec. 4, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992…
TSE SHORTS (December 14, 1992)
Semi-monthly reports as of Nov. 30, showed 35,033,669 shares of 561 issues compared with 36,786,868 shares of 593 issues on Nov. 15. Larger individual positions included: Amer. Barrick 185,924, down 8…
Casino to join in Sentinel merger
In concert with the previously announced combination of Pacific Sentinel Gold (VSE) and Big Creek Resources (VSE), a tentative agreement has been reached with Casino Silver Mines (VSE) to include it i…
MSV negotiates option deal with Soquem for Eastmain
An agreement with the owner of the Eastmain gold project in northern Quebec will allow Soquem to earn a 50% interest in a large portion of the project. MSV Resources (ME) says the agreement allows the…
New high-grade zone uncovered at South Pipeline
The South Pipeline gold project is being enhanced by continued exploration drilling and the recent discovery of a deeper high-grade gold zone. The new discovery was announced by Royal Gold (NASDAQ), a…