Martel retains cabinet post
A 2-month inquiry into the conduct of Ontario’s mines minister, Shelley Martel, ended recently without reaching a clear-cut conclusion. Martel, from the Sudbury, Ont., area, remains the minister of No…
News
OBITUARY (April 27, 1992)
William B. Dix, the former vice-president of McIntyre Porcupine Mines, died in Toronto recently at the age of 81. Born and educated in England, Dix spent almost his entire working life within the McIn…
INSIDER TRADING (April 27, 1992)
Noramco Capital President Murray Sinclair recently increased his stake in Noramco Mining (TSE) to 24% by paying Breakwater Resources (TSE) $1.4 million for a block of shares. According to the Ontario …
Guyana’s modest gold output growing
Increased gold purchases by the state-run gold authority here have led to official predictions of a record-breaking production year in this key sector, Guyana’s fifth ranked foreign exchange earner. F…
Dia Met rebounds to $6.88 as VSE index falls 3.11 points
Western markets continued to slide over the period ended Apr. 21, with the Easter long weekend dampening an already lacklustre mood for resource issues. The Vancouver Stock Exchange composite index sl…
X-Cal options Pipeline-area ground
By way of a purchase option, X-Cal Resources (VSE) recently picked up a 3,000-acre parcel of ground in the Pipeline/Gold Acres area of Crescent Valley, Nev. The property is located about five miles no…
Latin America focus at Miami conference
A 4-day mining conference focusing on “Investing in the Americas” attracted 500-600 delegates to this southern U.S. city recently. Speakers from the various nations of Latin America, from Mexico to Ch…
TORONTO STOCK EXCHANGE INDICES; METAL PRICES
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 21 Apr 20 Apr 17 Apr 16 Apr 15 Copper 1252-1253 NA NA 1262-1263 1247-1248 Lead 3…
Spot prices at a glance (April 27, 1992)
Week’s Price (US) Change Gold* $338.30 – $1.30 Silver* $ 3.99 – $0.11 Platinum* $341.60 – $6.90 Nickel** $ 3.39 + $0.04 Lead** $ 0.24 $0.00 Copper $ 1.00 + $0.01 Zinc $ 0.60 + $0.01 Courtesy of Scotia…
Yukon placer gold miners face new regulations on three
Placer miner Jack Fraser says his roots are firmly planted in the Klondike, the Yukon’s historic placer mining region which is being hit by low gold prices and new environmental regulations. “This’ll …
American Ore
Calgary-based American Ore (ASE) will change its name to American Exploration and consolidate its shares on a 5-for-1 basis after shareholders approved the reorganization. The company says it is desig…
Anglo plans new gold mine
A new gold mine will be developed by Anglo American Corp. in South Africa in the Moab area in the Orange Free State. The company said operations are scheduled to be under way in 1997. A 25-year life i…