Stock Markets (June 08, 1992)
Both the Vancouver Stock Exchange resource and composite indices continued to gain ground during the week ended June 2 with diamond exploration remaining the “special of the week”. The composite index…
Articles by Northern Miner Staff
METAL PRICES (June 08, 1992)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne)…
Rio gets Chilean mine financing
Toronto-based resource giant Rio Algom (TSE) has made the necessary arrangements for a US$180-million financing package needed to develop the Cerro Colorado copper mine in northern Chile. After an ini…
Greenstone sued over the death of Colombian
A recent statement of claim in the Ontario court, general division, related to the death more than two years ago of a Colombian geologist who worked at the small Oronorte gold mine in Colombia, owned …
Mine closures lower Corona production
A total of 169,359 oz. gold and gold equivalent was produced to the account of International Corona (TSE) during the first three months of this year, about 10,000 oz. lower than in the year-earlier pe…
GOLD FUNDS (June 08, 1992)
BGR Central Net Value $7.93 $5.07 Price $6.25 $4.60 Discount 21.16% 9.30% Value $47,200,000 $77,391,780…
On the Level (June 08, 1992)
My thoughts this time have little to do with mining, except they do centre around former mines minister Marcel Masse, one of the most extravagant spenders in the Ottawa hierarchy. With his ilk in cabi…
Fischer-Watt sells stake in Hayden Hill property
In a move to eliminate its long-term debt, Fischer-Watt Gold (NASDAQ) recently agreed to sell its 5% net operating profit royalty in the Hayden Hill property to Amax Gold (NYSE) for about US$3 million…
Lockwood program cut short
After drilling the fourth hole of this year’s drilling program, Kennecott opted to suspend drilling operations on the Lockwood property near Everett, Wash. Kennecott can earn a 51% interest in the pro…
Spot prices at a glance (June 08, 1992)
Week’s Price (US) Change Gold* $339.85 + $1.40 Silver* $ 4.09 – $0.01 Platinum* $376.75 + $11.25 Nickel** $ 3.35 0.00 Lead** $ 0.24 + $0.01 Copper $ 1.01 0.00 Zinc $ 0.64 0.00 Courtesy of Scotiabank. …
Galleon, BMR plan drilling
A US$200,000 drilling program is planned for the Madison gold-copper property about 25 miles southeast of Butte, Mont., by owners Galleon Mining (VSE) and BMR Gold (VSE). The companies can earn a 100%…
TORONTO STOCK EXCHANGE INDICES (June 08, 1992)
Composite “300” 3410.20 3403.98 3387.93 3375.34 3382.86 4009.47 3009.91 Metals & Minerals 3148.85 3110.82 3110.19 3097.07 3087.21 3453.06 2502.63 Integrated Mines 3358.41 3314.22 3315.05 3300.61 3291….