Metalore critical of judge’s ruling
An appeal by Metalore Resources (TSE) of the 1990 decision that awarded the Brookbank gold property near Beardmore, Ont., to Ontex Resources (ASE) began recently in Toronto. In a harsh opening stateme…
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COMMENTARY — Of cash flow and gold prices
Analyst John Lydall of First Marathon Securities, writing in The Senior Canadian Gold Producers, 1993 Preview: In looking ahead, it is important not only to focus on likely earnings but also on each c…
LETTERS TO THE EDITOR — NDP’s `thousand cuts’ hurt
The attempts by Ontario’s Premier Bob Rae to distance himself from the numerous discredited present and former cabinet ministers and scandals within the New Democratic Party cannot be allowed to succe…
Tatshenshini-Alsek area grows in recreational use
Some rafters on the Tatshenshini-Alsek river system have complained that encounters with other river-users detracted from their “wilderness experience.” A recent study by Simon Fraser University found…
PEOPLE — YANKS PEAK RESOURCES (January 18, 1993)
David Rinker appointed director and president.
Vietnam to enact mining laws by year-end
Land tenure is uncertain and exploration investment is unprotected under Vietnamese laws, say the Canadian delegates after a 2-week tour of Vietnam recently. They expressed their concerns during meeti…
Granges reports record output
Consolidated production reached record levels for Granges (TSE) for the year ended Dec. 31, 1992. The company reported a 6% rise in gold production over 1991 levels to 110,896 oz., and a 66% increase …
Analysts forecast only slight metal price increases in 1993
As base and precious metal prices either declined or remained relatively flat across the board, 1992 was a rather dismal year for Canadian metal producers. Most industry analysts are forecasting only …
Princeton faces drilling delays at Rio Lluta
A drilling program on the Rio Lluta property near Arica in northern Chile is scheduled to start shortly. Princeton Mining (TSE) had planned to begin drilling last November but the drilling equipment c…
Significant gold intercept at Verneuil Twp.
A recently completed drill hole on the Verneuil Twp. gold property of Freewest Resources’ (TSE) in northern Quebec appears to have intersected significant gold mineralization. Hole VP92-10, drilled to…
Trading on TSE jumps 25.5% in 1992
The number of shares traded on The Toronto Stock Exchange (TSE) jumped by 25.5% to 7.3 billion in 1992, according to a recent report from the exchange. Compared with 1991, the total value traded was u…
Copper looms large in Rio Algom’s future
Cut loose during a period of depressed metal prices and a stale global economy, producer Rio Algom (TSE) is out to prove it can make it on its own. A major copper project in Chile should give the Toro…