BOOKS IN REVIEW — Aussie deposits
Register of Australian Mining 1992-93. Edited by Ross Louthean. Published by Resource Information Unit. Suites 8-10, 100 Hay St. Subiaco, Western Australia 6008. A$269 (within Australia), A$293 (overs…
Articles by Northern Miner Staff
Peru miner pays US$4 million dividend
Southern Peru Copper, a subsidiary of Asarco (NYSE), has paid a US$4-million dividend for the second quarter. Southern Peru, jointly owned by Asarco (52.3%), the Marmon Group (20.7%), Phelps Dodge Ove…
STOCK MARKETS — Commonwealth remains active outlining
Western markets drifted lower over the week ended Sept. 22, with the Vancouver Stock Exchange composite index shedding almost 11 points to finish at 562.82 while the resource index slipped 11.9 points…
Spot prices at a glance (September 28, 1992)
Week’s Price (US) Change Gold* $348.90 + $2.70 Silver* $ 3.84 $0.00 Platinum* $364.25 + $1.25 Nickel** $ 3.09 – $0.07 Lead** $ 0.27 – $0.01 Copper $ 1.08 – $0.01 Zinc $ 0.61 – $0.01 Courtesy of Scotia…
Prime to acquire shell company
An offer has been made by Prime Equities International (VSE) to acquire all outstanding shares of a Vancouver-based shell company, Encore Ventures (VSE). Under the offer, Encore shareholders will rece…
Union, Luscar talking about co-operation at Balmer mine
The union representing more than 1,000 coal miners in southeastern British Columbia and an Edmonton coal company have taken the first step to save the huge bankrupt Balmer mine from liquidation. The U…
Hol-Lac amends agreement
Hol-Lac Gold Mines (CDN) and White Plains Resources (VSE) have amended their agreement of Feb. 7, 1992. Under the new agreement, Hol-Lac can participate up to 10% in the Gilbert wollastonite project i…
GOLD FUNDS (September 28, 1992)
BGR Central Net Value $8.66 $5.10 Price $7.00 $4.95 Discount 19.2% 2.9% Value $51,235,000 $83,280,285…
Soquem options Minnova properties
Soquem has optioned six gold properties from Minnova (TSE) in northern Quebec’s Chapais area. The properties, covering 66 sq. km, are between the Lac Shortt and Bachelor gold mines, 80 km west of Chap…
PRODUCER PRICES (September 28, 1992)
ALUMINUM: MW U.S. market US58.25-58.75 cents per lb. (Sept. 10, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 19…
NEWS ROUNDUP — Wye turns to Poland for cash
Unable to raise money in Canada, Wye Resources (CDN) has turned to Eastern Europe for the funding needed to continue exploration on the Saganaga Lake gold property west of Thunder Bay, Ont. Wye says i…
Deak becomes operator at Cheminis mine
A letter of agreement recently signed by Deak Resources (TSE) with Northfield Minerals (ASE) allows it the right to become operator at Northfield’s Cheminis mine near Kirkland Lake, Ont. Deak will als…