OMA alarmed by revised Hydro plan
As environmental hearings on Ontario Hydro’s 25-year, demand-supply plan enter their second year, the Ontario Mining Association (OMA) is growing increasingly concerned about the direction the plan is…
1992
Cambior output up, earnings decline
Gold production in 1991 totalled 312,665 oz., Cambior (TSE) reports, up by 31% from the previous year. Net earnings plunged, however, to $13.9 million from $23.9 million in 1990 on about the same reve…
GOLD FUNDS (March 23, 1992)
BGR Central Net Value $8.13 $5.17 Price $7.50 $4.500 Discount 7.77% 13.0% Value $48,416,000 $75,709,350…
Temisca drills East-Bay prospect
A drilling program on the East-Bay gold property of Ressources Temisca (ME) in Clericy Twp., northeast of Rouyn-Noranda, Que., is complete. The company, still awaiting all of the assays, says hole No….
TORONTO STOCK EXCHANGE INDICIES
Mar 17 Mar 16 Mar 13 Mar 12 Mar 11 High Low Composite “300” 3439.84 3444.14 3475.79 3479.84 3503.57 4009.47 3009.91 Metals & Minerals2968.93 2961.53 2985.40 3002.51 3030.39 3453.06 2502.63 Integrated …
Arizona Star drilling Aldebaran
A second-phase exploration program is now in progress at the Aldebaran project under option to Arizona Star Resource (TSE) in north-central Chile. Arizona Star is earning a 51% interest in the propert…
Hockey match set for March 30
The third annual Norman Keevil Memorial Hockey Game will be played March 30 at Toronto’s Moss Park Arena, 140 Sherbourne St., in conjunction with the convention of the Prospectors and Developers Assoc…
Bachelor plans ore shipment to Lac Shortt for processing
Toronto-based Bachelor Lake Gold Mines (TSE) says it will send 20,000 tons of broken gold ore from its mine near Desmaraisville, Que., to be processed at Minnova’s (TSE) Lac Shortt mill. Lac Shortt is…
U.S. REPORT (March 23, 1992)
A definitive agreement was recently concluded between Athena Gold (VSE) and Pegasus Gold (TSE) for continued exploration of the Talapoosa property in Nevada. Pegasus signed a deal giving it the right …
INSIDER TRADING (March 23, 1992)
Three of Noranda’s (TSE) top executives, including Chairman Alf Powis and President David Kerr recently sold a batch of convertible preferred series C shares which they acquired in 1988. According to …
Boards approve merger of Star, SA
The boards of Golden Star Resources (TSE) and South American Goldfields (TSE) have agreed to a merger. Pending shareholder and regulatory approval, the two juniors will merge on the basis of one commo…
Spot prices at a glance (March 23, 1992)
Week’s Price (US) Change Gold* $340.00- $9.00 Silver* $ 4.07- $0.08 Platinum* $353.90- $9.35 Nickel** $ 3.35- $0.05 Lead** $ 0.24 $0.00 Copper $ 1.01 $0.00 Zinc $ 0.56+ $0.03 Courtesy of Scotiabank. I…