News

Rockwell Schnabel elected director.

John Haivala elected director.

BGR Central Net Value $8.81 $4.99 Price $6.88 $4.75 Discount 21.97% 4.8% Value $49,357,000 $79,915,425.

BHP Minerals has the right to earn a 51% interest in three properties held by X-Cal Resources (TSE) near the Pipeline gold discovery in Nevada by spending a total of US$2.4 million on exploration over…

Kingswood Resources (ASE) reports acquiring a 100% interest in two gold properties west of Timmins, Ont., both covering the western extension of the Destor Porcupine Fault zone. The Cripple Creek prop…

In 1992, Canada’s Gross Domestic Product (GDP) grew by an estimated 1.2%. This was a very modest gain in light of the reduced economic output that was recorded in each of the two previous years. Throu…

ALUMINUM By Patrick Chevalier The international aluminum industry faced another difficult year in 1992. Western World demand for aluminum increased slightly over 1991. However, increased world product…

DIAMONDS By Michel Boucher Following a discovery by BHP and Dia Met at Point Lake in the Northwest Territories, diamonds have become the focus of the hottest land staking fever in Canada since the Klo…

About 300 employees will be affected by the temporary closure, planned for April, of the Troy silver-copper mine near Libby, Mont. Mine operator Asarco (NYSE) attributed the shutdown decision to persi…

Record revenues and earnings were reported by Centurion Mines (NASDAQ) for its 1992 fiscal year ended Sept. 30. The Utah-based junior noted that revenues increased 375% to US$834,851 over revenues of …

Gold production in Nevada totalled 6.5 million oz. in 1992, up from 5.8 million oz. the previous year, the state’s department of minerals reports. Giving the state a major boost was the Goldstrike min…

In 1991, Canadian exploration expenditures totalled $532 million, down from $775 million in 1990. Senior companies spent $416 million and junior companies $116 million. Some 732 operators reported exp…