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…
1991
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…
Golden Tag takes 50% interest in claims near Grevet
Subject to regulatory approval, Golden Tag Resources (VSE) has acquired a 50% interest in 41 claims in Verneuil Twp., Que., adjacent to Grevet Twp. and eight miles east of Quevillon. No serious explor…
EDITORIAL PAGE (December 23, 1991)
The Nunavut land claim agreement signed recently by the federal government and the Tungavick Federation is far from settled. It still has to be approved by a March 16 plebiscite of residents in the ar…
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…
PROFILE (December 23, 1991)
At a time when the market is bearish, LAC Minerals sends a signal to investors that it remains a serious player in the mining industry, looking for quality assets worldwide. It has just raised $106 mi…
VSM, Serem hit sulphide-rich shear
Partners VSM Exploration (TSE) and Serem-Quebec have intersected a mineralized shear zone over more than 70 metres in Mountain Twp., Que. The structure, which contains 1-12% pyrite, 4-12% pyrrhotite (…
Securities Dealers organize to improve public image
At a time when institutions and individuals aren’t lining up to buy speculative stocks, the broker dealers who sell those stocks in Ontario have set up an organization to improve their public image. T…
Unlisted Trading (December 23, 1991)
Recently listed Newfoundland Goldbar Resources (CDN) got off to a good start with encouraging results from the Glover Island gold property in western Newfoundland. Optioning the property from ASE-list…
Eskay players study options in light of Placer’s decision
The share prices of all public companies involved in the Eskay Creek project weakened slightly on news that Placer Dome (TSE) had elected not to increase its interest in the project to 50% under the t…
$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…
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…