NEWS IN BRIEF (April 19, 1993)
Dolly Varden Minerals Inc. (DYV:VSE) has changed its name to New Dolly Varden Minerals Inc. (NDV:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Montreal T…
Articles by Northern Miner Staff
Gold Funds (April 19, 1993)
BGR Central Net Value $9.82 $5.16 Price $8.00 $5.12 Discount 18.56% 0.7% Value $55,024,000 $86,224,538…
Royalstar eyes garnet production in New Mexico
With the recent completion of a feasibility study by Consultants Mountain States R&D International, Royalstar Resources (VSE) is reviewing the possibility of bringing its San Pedro garnet property int…
Toronto Stock Exchange Indices (April 19, 1993)
Apr.13 Apr.12 Apr.9 Apr.8 Apr.7 High Low Composite”300″3624.84 3615.01 N/A 3591.80 3601.42 4009.47 3009.91 Metals&Minerals 2866.01 2863.91 N/A 2840.82 2870.32 3453.06 2502.63 Integrated Mines2978.13 2…
STOCK MARKETS — Lower prices for metals drag down mining
Lower nickel and copper prices and a fickle gold price led many of the mining stocks on eastern markets into decline amid the slow trading of Easter week. For our report period, the week ended April 1…
Production record at Sterling mine
The Sterling gold mine, owned 52% by Cathedral Gold (TSE), turned out 14,109 oz. gold in 1992, the most in its 12 year life. Cash costs increased to US$298 per oz. from US$264 per oz. in 1991, when 12…
METAL MARKETS — Global mining competition grows
Metal production and consumption estimates for 1992 and projected volumes for 1993 have begun to appear. Some observations: The restructuring of American and Commonwealth of Independent States defence…
USMX continues Tombstone drilling
Drilling by USMX (NASDAQ) has resumed on the Tombstone, Ariz., gold-silver properties of Excellon Resources (VSE) and Valdez Gold (ASE). The first phase involved 26 holes. USMX must decide by the end …
STOCK MARKETS — Investor confidence pushes Pine Channel to
Trading on western markets slowed somewhat during the week ended Apr. 13, with the Vancouver Stock Exchange resource index posting an 8.83-point loss to the 931 level, while the composite index closed…
Writeoffs push Crown Res. into red
Property writeoffs have pushed Crown Resources (TSE) well into the red with a net loss of US$8.6 million for the year ended Dec. 31, 1992. The company withdrew from the Kettle River gold mine joint ve…
Republic acquires Ellison interest
Toronto-based Republic Goldfields (VSE) has acquired a privately held Montreal-based company whose principal asset is its interest in the Ellison gold property in Bousquet Twp., Que. The property is l…
Highland Valley sets records
Four significant milestones were achieved by Highland Valley Copper during 1992. The operation, located near Logan Lake, B.C., mined a record 96.3 million tonnes during 1992 while copper recoveries we…