Diamond hunt gains momentum in Quebec
Diamond fever has spread to the Montreal area and the Abitibi (northwestern) region of Quebec. In the Montreal region, mining entrepreneur Peter Ferderber of Val d’Or, Que., has staked more 200,000 ac…
News
Lac production tops million oz.
Gold production rose to almost 1.1 million oz. in 1992 from 885,571 oz. in 1991, Lac Minerals (TSE) reports. Production from all of the gold mines in which Lac has an interest totalled 1.14 million oz…
Pipeline dispute not included in gold Fields-Santa Fe deal
A legal dispute between Gold Fields Mining and Placer Dome (TSE) relating to about 40% of the Pipeline gold deposit in Nevada will not be part of an asset exchange between Gold Fields and Santa Fe Pac…
Hemlo Gold lowers operating cost, increases production in
Gold production in 1992 increased to 492,000 oz. at an average cash operating cost of US$125 per oz., compared with 469,000 oz. in 1991 at US$133 per oz., Hemlo Gold Mines (TSE) reports. Gold output f…
METALS MARKETS — Producer shutdowns steady prices
More producer announcements of extended mine and refinery shutdowns during 1993 caused the markets to pause for an impact assessment. To date, the major mining companies appear to be implementing a si…
MSV to purchase Westminer assets
An agreement in principle has been reached between MSV Resources (ME) and Westminer Canada whereby MSV will purchase certain assets of Westminer, including the Copper Rand and Portage mines and the co…
New gold market
The International Gold Trade. By Tony Warwick-Ching. Published by Woodhead Publishing, Abington Hall, Abington, Cambridge, England CB1 6AH. US$150 (plus US$20 for postage and packaging). New markets a…
PEOPLE — AZCO MINING/SANCHEZ MINING — David Beling
John Sadowski appointed vice-president, exploration.
PEOPLE — SUNSTATE RESOURCES (February 15, 1993)
Jack Johnston appointed director.
PEOPLE — SILVER EAGLE RESOURCES
Jon Broderick appointed director and president.
GOLD FUNDS (February 15, 1993)
BGR Central Net Value $8.27 $4.99 Price $6.00 $4.40 Discount 27.47% 11.8% Value $46,342,000 $74,026,920.
FINANCING (February 15, 1993)
Eaglecrest Expl. Ltd. — 1,500,000 shs. @ 28 cents per sh. Wayside Gold Mines Ltd. — 200,000 units. @ 95 cents per unit. Brigadier Res. Ltd. — 215,000 units. @ 95 cents per unit.