News

TORONTO STOCK EXCHANGE INDICES (August 31, 1992)

Aug 25 Aug 24 Aug 21 Aug 20 Aug 19 High Low Composite”300″3375.82 3380.79 3404.90 3403.66 3385.52 4009.47 3009.91 Metals&Minerals 2952.24 2946.04 2967.08 3001.90 2961.84 3453.06 2502.63 Integrated Min…



GSC undertakes mapping of Lake Ontario floor

The Geological Survey of Canada (GSC) has undertaken a late-summer mapping of geological conditions in Lake Ontario. The survey is being conducted by a team from the GSC’s Atlantic Geoscience Centre i…





Directors resign, Westar fate left to court

The three remaining directors of Westar Mining (TSE) have resigned, leaving the fate of the company in the hands of the Supreme Court of British Columbia. The six outside directors of Westar resigned …


Output up, costs down at Agnico

Lower costs and increased production pushed Agnico-Eagle Mines (TSE) well into the black during the first six months of the year. The gold miner reported a profit of $2.2 million (8 cents per share) c…


Correction (August 31, 1992)

The Pine Cove gold property at Baie Verte in Newfoundland is 100% owned by Varna Gold (ASE). An earlier story (T.N.M., Aug. 17/92) referred to plans by NovaGold Resources (TSE) for the property; NovaG…


METAL PRICES — FREE MARKET (August 31, 1992)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug. 25 Aug. 24 Aug. 21 Aug. 20 Aug. 19 Copper 1275-1276 1271-1272 1318-1319 1308-13…


Teddy, Freewest raise financing

To finance its share of a $12-million underground exploration program at the Holloway gold project near Matheson, Ont., Teddy Bear Valley Mines (CDN) has raised $1.23 million through a private placeme…


MINER DETAILS — Holloway deal avoids courts

It seems that any significant mineral discovery inevitably results in some sort of lawsuit. “If your project is so good, how come you haven’t been sued?” shareholders ask companies that avoid the cour…


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