Production begins at Sikaman project
Production has commenced at Sikaman Gold Resources’ (TSE) Sol Wood placer mine in Sierra Cty., Calif. The mine is expected to produce 25,000 oz. gold by October, 1993, and generate a cash flow of $4 m…
News
STOCK MARKETS — Dia Met hits $33 as diamond market shows its
After taking a dramatic slide in the wake of the Aber-Commonwealth-SouthernEra blooper, Dia Met Minerals found its feet again during the week ended Nov. 24. Amid speculation that more news would be em…
PROFILE — Bryant expects diamond hunt to stir interest in
The active search for diamonds in Canada’s North has sparked interest in Alberta’s mineral potential. The first documented find in the oil-rich province was made in 1988 by Tom Bryant, who discovered …
STOCK MARKETS — Diamond explorers rebound from sample error
Investor interest in diamond exploration in the Lac de Gras region of the Northwest Territories continued to fuel trading activity on western markets, despite the somewhat embarrassing disclosure from…
Inco makes plans to reopen Garson mine; staff cuts in works
Pending approval from its board of directors, Inco (TSE) plans to reopen the high-grade Garson mine in Sudbury, Ont. The giant nickel miner closed the mine in 1986 after a worker was crushed to death …
Moss Lake assays released from four of five drill holes
Market speculation surrounding a drilling program on the Moss Lake gold property near Thunder Bay, Ont., prompted Central Crude (TSE) to release assay results prematurely. The 5-hole program, designed…
EXPLORATION ’92 — Pegasus production at record level
Production increases at all mines and the startup of a new operation enabled Pegasus Gold (TSE) to report record production for the first nine months of 1992. The company produced a total of 288,000 o…
EXPLORATION ’92 — Majors and juniors active in Ontario base
Despite Ontario’s apparently hostile policy toward mining, most major exploration companies feel that the province has good exploration potential for volcanogenic-hosted massive sulphide deposits. Thi…
EXPLORATION ’92 — LATIN AMERICA ROUNDUP — Teck invests in
A recent agreement with Northern Crown Mines (VSE) sets the stage for Teck (TSE) to earn an equity interest in the junior as well as an interest in an epithermal bulk-tonnage gold-silver project in Si…
EXPLORATION ’92 — Hillsborough to explore El Oro camp
Toronto-based junior Hillsborough Resources (TSE) is currently evaluating the possibility of reopening the historic El Oro gold camp northwest of Mexico City. The El Oro gold district produced more th…
EXPLORATION ’92 — LATIN AMERICA ROUNDUP — Musto reports
Encouraged by recent work on the Bajo de la Alumbrera copper-gold deposit, International Musto Explorations (VSE) anticipates improved project economics for the advanced porphyry deposit in northweste…
TORONTO STOCK EXCHANGE INDICES (November 30, 1992)
Nov.24 Nov.23 Nov.20 Nov.19 Nov.18 High Low Composite”300″3259.25 3258.26 3263.86 3233.73 3231.68 4009.47 3009.91 Metals&Minerals 2579.06 2570.58 2572.54 2541.96 2534.99 3453.06 2502.63 Integrated Min…