GOLD FUNDS (November 25, 1991)
BGR Central Net Value $8.22 $4.95 Price $7.50 $4.450 Discount 8.75% 10.1% Value $48,936,000 $74,868,135…
News
OBITUARY (November 25, 1991)
Noted consulting engineer Arthur Stewart Bayne died earlier this month. He was 81. Born in England, Bayne graduated from Queen’s University in Kingston, Ont., with a degree in mining and metallurgy an…
LETTERS TO THE EDITOR (November 18, 1991)
Your story “Gays River mine, mill up for sale” (T.N.M., Nov. 4/91) quotes a minable reserve for the Westminer Canada project of 570,000 tons grading 8.4% zinc and 5.1% lead. This tonnage was the minab…
Alberta Stock Exchange (November 18, 1991)
Investors added 50 cents to Biron Bay Resources after the company annouanced results from its Summit project in the Steeple Rock mining district of New Mexico. Closing at $1.10 for the week ended Nov….
Westar reports more losses
An increase in the value of the Canadian dollar as well as a drop in coal shipments and price pushed Westar Mining (TSE) into a loss position. The company reports a loss of $1.6 million in the third q…
Black Cliff plans feasibility study
A feasibility study will be performed on two properties in Chile by Fluor Daniel Wright Engineers, Black Cliff Mines (TSE) reports. The study on the Los Loros and Los Carrera properties in the South A…
Grants benefit Kirkland Lake area
The northern Ontario community of Kirkland Lake has been the most popular area in the province this year for OPAP and OMIP grants, the Ontario Ministry of Northern Development and Mines reports. Grant…
LAC ups 9-month output, earnings
Higher production from the Bousquet No. 2 mine near Malartic, Que., boosted LAC Minerals’ (TSE) total gold production and earnings for the first nine months of the year. LAC reports a net income of US…
Remedial work
A $30,000 provincial grant has been awarded to the Township of Coleman in northern Ontario to undertake remedial work on the former Silver Queen mine site, the Ontario Ministry of Northern Development…
NEWS IN BRIEF (November 18, 1991)
Pacific Summa Capital Corp. (PSU:VSE) has changed its name to Pacific Summa Environmental Corp. (PSU:VSE) with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Montre…
PROFILE (November 18, 1991)
Discouraged by Maine’s cumbersome permitting processes, mining companies have shunned the state for more than a decade. On July 31 when Maine replaced the various sets of regulations with a single leg…
CIM symposium
The Seventh Mineral Economics Symposium will take place Jan. 16 in Toronto’s Sheraton Centre. Topic is “Back to basics: managing the risks to reap the rewards.” The symposium is held by Toronto’s Mine…