Cameco cuts staff, buys partner
Saskatchewan-based Cameco (TSE) recently announced two separate developments designed to enhance its position as supplier of 10% of western world uranium. President Bernard Michel said Cameco has elim…
Articles by Northern Miner Staff
Kangaroo coin top seller in ’91
The Kangaroo Nugget gold bullion coin of Australia was the top-selling gold coin in the world in 1991. The World Gold Council, an international association of major gold producers, reported that the A…
Goldbelt set to close Comptoir acquisition
Robert Swenarchuk, a spokesman for Goldbelt Resources (VSE), said the company expects to complete the acquisition of Comptoir International du Commerce by July 1. Comptoir, a Luxembourg company, has a…
Keylock venture in Czechoslovakia
Calgary-based Keylock Resources (ASE) says it has agreed to form a joint venture with Czechoslovakia’s state mining company, Rudne Bane. Under a 50-50 partnership, the two companies will evaluate all …
Lack of new information hurts Lac de Gras players
Without any hard information to feed on, Toronto Stock Exchange issues involved in the Lac de Gras diamond play lost some momentum during the week ended June 16. Nervous investors have been told not t…
Spot prices at a glance (June 22, 1992)
Week’s Price (US) Change Gold* $342.10 + $4.25 Silver* $ 4.11 + $0.05 Platinum* $369.25 + $2.00 Nickel** $ 3.24 + $0.01 Lead** $ 0.25 $0.00 Copper $ 1.04 + $0.01 Zinc $ 0.59 – $0.07 Courtesy of Scotia…
GOLD FUNDS (June 22, 1992)
BGR Central Net Value $8.07 $5.03 Price $6.38 $4.60 Discount 21.01% 8.50% Value $48,056,000 $77,391,780…
TORONTO STOCK EXCHANGE INDICES (June 22, 1992)
June 16 June 15 June 12 June 11 June 10 High Low Composite “300” 3407.27 3409.77 3407.98 3385.37 3368.63 4009.47 3009.91 Metals&Minerals 3168.64 3174.53 3196.97 3182.40 3170.99 3453.06 2502.63 Integra…
Minnova evaluates RFC property
An underground drilling program at the Pend Oreille zinc-lead property in Washington state of RFC Resource Finance (TSE) should be completed in July, President David Watkins said at the annual meeting…
Flow-through revival proposed for mining exploration
Flow-through shares provided the best form of financial aid to Quebec’s mining industry in the past and the tax shelter should be fully re-instated, concludes a study by a Montreal geologist and lawye…
Wharf deal frees up Golden Reward reserves
A settlement agreement allowing Wharf Resources (TSE) to purchase a 60% interest in the Golden Reward mine from MinVen Resources (TSE) will free up several million tons of reserves for further develop…
Summer pour at Hope Brook
The first gold pour by Royal Oak Mines (TSE) at the Hope Brook mine in Newfoundland is scheduled for early July, the company says. Output is scheduled to steadily increase through to November, at whic…