1993

Reflecting strength in both gold and diamond issues, trading value of $675 million on the Vancouver Stock Exchange during May was the highest since September, 1987. The daily average volume of 26.6 mi…

Responding to investor demand, The Toronto Stock Exchange has added Long-Term Equity Anticipation Securities (LEAPS) for American Barrick Resources. Placer Dome LEAPS also trade on the Exchange. LEAPS…

Higher gold production and lower costs at its Arthur White mine, near Red Lake, Ont., have enabled Dickenson Mines (TSE) to post higher revenues and earnings during the first quarter. Earnings for the…

A feasibility has prompted Miramar Mining (VSE) to proceed with plans to mine the Bonanza zone at its Golden Eagle mine near Virginia City, Nev. Miramar owns a 60% interest in the property while its 1…

Canadian producers of mining equipment and services are getting serious about marketing their know-how beyond their borders. And they are beginning to see the advantages of a co-operative, joint marke…

Having read the British Columbia government’s A Mineral Strategy for B.C. — Discussion Paper, March, 1993, I can only conclude that the first half of the paper is a realistic appraisal of the problem…

Ontario Premier Bob Rae urged Canadian mining companies to increase their foreign exposure, at a recent “Meet the Miners” reception at the Royal Ontario Museum in Toronto. Rae said that while his gove…

Prince Nawaf of Saudi Arabia has sold four million shares of Horsham (TSE) at US$11.62, cutting his ownership of the investment company in half to 4.5%. The shares were sold on the New York Stock Exch…

China plans to increase exports of major non-ferrous metals at an annual rate of 7.5% over the next eight years, according to a publication of Ontario’s Ministry of Northern Development and Mines. The…

Two maps created under the National Mapping program have been released for the area comprising Flin Flon, Man. and Creighton, Sask. The maps, which update the geology of the area for the first time si…

The year 1992 was a challenging one for Inco. Reflecting low nickel prices, the company incurred a net loss — its first in eight years. As nickel prices fell, Inco worked even harder to reduce costs …

The term “potential” has long accompanied any discussion of the mining industry in the Northwest Territories. Over the years, that potential has only been hinted at by way of several spectacular succe…