FINANCING (December 23, 1991)
Minerva Gold Mines Ltd – 1,000,000 shs offered @ 50 cents per sh. September Resources Ltd – 625,000 shs offered @ 37.5 cents per sh. Canadian Imperial Mines Inc – 600,000 shs offered @ 40 cents per sh…
News
Oregon’s new policies threaten halt to mining activity
Several mining companies active in Oregon are reported to have abandoned plans to develop gold mines in the state because of new environmental policies that will treat all mine operations using cyanid…
$88 million from governments helps HudBay upgrade smelter
A $187-million program designed to reduce sulphur dioxide emissions at Hudson Bay Mining and Smelting’s (TSE) copper-zinc plant in Flin Flon, Man., got under way recently. Financing for the program wa…
CSA purchase
CSA Management (TSE) of Toronto recently boosted its beneficial ownership in Goldcorp (TSE) to 14% through the open-market purchase of 9,800 A shares of the latter. Goldcorp is the controlling shareho…
JKS Boyles lays off 30 at Orillia
A restructuring plan by international equipment manufacturer JKS Boyles recently resulted in the elimination of 30 jobs at the company’s Orillia, Ont., facility. The Orillia location, which has been d…
Loss narrows for Goldfields
First-quarter losses for Consolidated Nevada Goldfields (TSE) during the three months ended Sept. 30, narrowed to US$235,000 from a loss of US$2.1 million in the same period last year. The improved re…
Arimetco completes Yerington expansion
Oxide copper specialist Arimetco International (TSE) has commissioned a new 65,000-lb.-per-day solvent extraction electrowinning (SX-EW) plant at its Yerington copper mine in Nevada. Once the tune-up …
U.S. REPORT (December 23, 1991)
Homestake Mining (NYSE) and Goldstake Explorations (TSE) have suspended work on the Whitewood Creek tailings project in South Dakota until gold prices improve. The project, a 50-40-10 joint venture am…
Bell Creek mill to be reopened
Having completed the purchase of the Bell Creek mine and mill at Timmins, Ont., from Canamax Resources (TSE), Falconbridge Gold (TSE) says it intends to reopen the mill early in 1992 to process ore fr…
Morrison deal
Morrison Minerals (TSE) reports the completion of the sale of its shares in Aerodat Ltd. to Geonex Ltd. for cash, dividends and shares in Geonex. (Aggregate value of the deal is about $3.75 million.) …
Geologist touts Irish projects
The time is ripe to get involved in a new generation of Irish mineral exploration companies, says a Halifax, N.S., consulting geologist. James Patterson, who did his Ph.D. work at Imperial College in …
TORONTO STOCK EXCHANGE INDICES (December 23, 1991)
Dec 17 Dec 16 Dec 13 Dec 12 Dec 11 High Low Composite 300 3325.08 3346.05 3359.47 3348.42 3351.92 4009.47 3009.91 Metals & Minerals 2689.56 2724.79 2768.41 2760.23 2752.01 3453.06 2502.63 Integrated M…