New investment being turned off
A growing obsession with environmental regulations and an unnecessarily complicated tax structure are discouraging new investment in Canada’s mining industry, says Lars Eric Johansson, chief financial…
1992
METAL PRICES (May 04, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 28 Apr 27 Apr 24 Apr 23 Apr 22 Copper 1236-1237 1241-1242 1245-1246 1248-1249 12…
PRODUCER PRICES (May 04, 1992)
ALUMINUM: MW U.S. market US62-62.75 cents per lb. (Apr. 15, 1992). ANTIMONY: New York dealer US78-82 cents per lb. (Mar. 26, 1992). BISMUTH: New York dealer US$2.50-2.70 per lb. (Mar. 26, 1992). CADMI…
TSE Short Positions (May 04, 1992)
Semi-monthly reports as of April 15, showed 26,377,283 shares of 619 issues compared with 24,177,660 shares of 587 issues on March 31. Larger individual positions included: Amax Gold 122,250, down 21,…
S.A. Goldfields looks to future
If a merger between South American Goldfields (TSE) and Golden Star Resources (TSE) proceeds as planned, the amalgamated company would expect to be “a medium-sized and rapidly growing” gold producer b…
Queenston and Strike option two properties to Falconbridge
Partners Queenston Mining (TSE) and Strike Minerals (CDN) recently proved that you can still cut a deal with a major by optioning their Robertson Twp. base metal property and another property in north…
Munk welcomes stable gold market
The chairman of one of North America’s largest and most successful gold mining companies, Peter Munk, says the industry is headed for a period of “consolidation, rationalization and upheaval” that wil…
PEOPLE (May 04, 1992)
Andrew Poller appointed vice-president.
Minnova sees major returns from Izok Lake project
Advances in trucking on winter roads and in arctic shipping make the Izok Lake copper-zinc project in the Northwest Territories viable today almost 30 years after its discovery, says David Watkins, pr…
EDITORIAL PAGE (May 04, 1992)
Interest rates have a long way to come down yet. Eventually, despite the Bank of Canada’s reluctance to let the dollar fall, rates have to come down to a level that will support investor confidence. F…
LETTERS TO THE EDITOR (May 04, 1992)
I am a longtime subscriber to The Northern Miner. I am writing to urge you to return to your original format of listing the Canadian mining shares; the new way is confusing. It would be the same as Th…
New chairman takes charge at nickel producer Inco
A changing of the guard occurred recently at Inco (TSE) with the retirement of Donald Phillips, 62, from the company’s top job. Phillips, who had been with the company for 36 years, handed the reins o…