METAL PRICES (May 11, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 5 May 4 May 1 Apr 30 Apr 29 Copper 1231-1232 NA 1233-1234 1242-1243 1245-1246 Le…
News
Royal Oak to reopen Hope Brook with government loans,
The recent acquisition of the Hope Brook gold mine in southwestern Newfoundland means Peggy Witte will probably end 1992 with more frequent flyer miles than any other Canadian mining executive. The ha…
Equity’s unbroken string of profits intact despite dwindling
With reserves at its open pit silver mine near Houston, B.C., expected to be depleted this summer, Equity Silver Mines (TSE) is left reviewing its future. The mine originally opened in the third quart…
Gateway settles $450,000 debt
Gateway Uranium Mines (CDN) has issued 750,000 common shares to its creditors in order to settle a $450,000 debt. Gateway also reports that Vance White and Peter Vamos have resigned from the company’s…
Minefinders royalty
Minefinders Corporation (TSE) says it expects to receive royalties from a 2% net smelter return on the Dubuisson East property in Val d’Or, Que., as a result of Western Quebec Mines’ decision to proce…
Ontario budget draws praise
By recognizing mining as a significant contributor to the province’s economy, the new Ontario budget has drawn a favorable response from industry representatives. While operators have been guaranteed …
NEWS ROUNDUP (May 11, 1992)
Recent drilling on the Higgins property in New Hampshire has outlined a low-grade sulphide deposit at least 700 ft. in length and 600 ft. in true width, says Morgain Minerals (VSE). Holes 92-5 to 92-1…
M.I.M. bidding to reduce costs
Integrated Australian metal producer M.I.M. Holdings is slashing costs and introducing new technology in a bid to cope with the slump in metal prices, says Chief Executive Officer Norman Fussell. In a…
Tandem, N.A.R. alter sale price
Separate transactions involving Toronto-based affiliates Tandem Resources (ME) and North American Rare Metals (ME) have been altered slightly to comply with regulatory requirements. In the first trans…
NDP is simply anti-mining
Despite the rhetoric and sweet talk flowing from the Bob Rae-Bob White administration ostensibly wooing business, I saw absolutely nothing in the recent Ontario throne speech that could possibly encou…
PEOPLE (May 11, 1992)
David Townley appointed president; David Birkenshaw, James Beatty, Greg Bowes, David Hall, David Knight, Frank Lang and David Townley appointed directors.
OBITUARY (May 11, 1992)
William Coughlan, the executive director of the Mines Accident Prevention Association of Ontario (MAPAO) died recently at the age of 59 after a short battle with cancer. A dedicated proponent of healt…