OSC meeting
The Ontario Securities Commission will hold a public meeting at its Toronto offices on Oct 21, (beginning at 9.30 a.m.) to hear submissions from the public concerning the Thompson Committee report on …
News
Troubled Aiguebelle Resources may be amalgamating with a
Cambior Inc. Aiguebelle President Roger Plasse says the proposed amalgamation would involve shareholders of Aiguebelle receiving shares of Cambior on a ratio to be determined.
Broker-dealer firm turns to mutual funds
From the marketing of highly speculative grass roots mine issues to mutual funds represents quite a switch. But that’s the direction now being taken by the broker-dealer firm of Gordon-Daly Grenadier …
Shaft nearly complete on D’Or Val’s Beacon property
The exploration shaft on D’Or Val Mines’ Beacon gold property, just east of Val d’Or, Que., has been sunk below the 1,350-ft level with stations cut for future drives at depths of 770-ft, 950-ft and 1…
Senior management also hit in new Falconbridge moves
Chairman William James of Falconbridge Ltd. will himself be among tho se to feel the direct effect of recently-announced production cutbacks and layoffs at Sudbury, and other cost-cutting moves by the…
Borrowings, price slump major Eldorado setbacks
Eldorado Nuclear reports a loss of $13.4 million on revenues of $42.7 million in the second quarter this year, compared with a loss of $2.3 million on revenues of $67.5 million in the similar period l…
Editorial: Geologists are too tough
A totally unsubstantiated report, just now surfacing, has it that several years ago in the jungles of Java, two geologists lowered into an old mine to check it out were eaten by a 40-ft python lurking…
The first six months of 1986 were disappointing for Colonial Oil
Oil and gas production revenues were down 49% to $3.5 million, natural gas production was down 42% to 1.1 billion cu ft and crude oil production was off to 25,000 bbl compared with 31,000 bbl for the …
Silvera Resources reports gold mineralization has been intersected
drilling on the Anton property, near the Tillicum mine in British Columbia, with a mineralized zone carrying anomalous gold values over substantial widths. The company says it is preparing for an imme…
A working option has been obtained by Dawson Eldorado Mines to
of the Caribou mineral lease in its Keno project in the Mayo mining district of the Yukon Territory. The company has the right to mine a 5-ft-wide vein that was discovered during this summer’s explora…
Queries: Flin Flon now among assets of Saskatchewan-based Vista
Have you any updated information on Flin Flon Mines since it went into receivership last year.? J.C., East Rutherford, N.J. As you know, operations at the gold mine and mill complex of Flin Flon M…
Northumberland sparks revival of gold mining in Maritimes
The revival of gold mining in Nova Scotia is gaining momentum, with a big assist from Northumberland Mines, a junior company with a TSE listing that has been hard at work in that province since 1980. …