Canadians tour Vietnam mines
A delegation of Canadian mining engineers and geologists recently visited northern Vietnam to inspect mining installations and current mineral exploration projects. The group toured both precious and …
News
Dundee subsidiary withdraws offer
Bermuda-based Dundee International, a wholly owned subsidiary of Dundee Bancorp (TSE), has withdrawn its offer to purchase 100% of the outstanding shares of Knights Gold Mining. Knights is engaged in …
Coeur d’Alene reduces losses (December 07, 1992)
Weak gold and silver prices are taking a toll on Coeur d’Alene Mines (NYSE), an Idaho-based producer which reported losses for its most recent quarter and for the first nine months of this year. B.Tut…
LATIN AMERICAN ROUNDUP — Minnova to join Joutel in Cuba
A letter of intent which has been signed by Minnova (TSE) with Joutel Resources (TSE) will allow the former to earn a 25% interest in one of Joutel’s three polymetallic projects in Cuba. Minnova may e…
STOCK MARKETS — Active Golden Ring hoping to acquire Lac de
The Vancouver Stock Exchange composite and resource indices gained ground during the week ended Dec. 2, after a continuing diamond-related rally. The resource index finished up more than 15 points to …
LATIN AMERICAN ROUNDUP — Aurizon alters La Reyna deal
Ownership of La Reyna copper-gold project in the Mexican state of Sinaloa is being restructured (subject to regulatory approval) to give Aurizon Mines (TSE) a 95% working interest, the company says. T…
LATIN AMERICAN ROUNDUP — COMBIOL to undergo restructuring
A contract to design a restructuring program for the Bolivian state-owned mining company COMBIOL was awarded recently to consulting firm Pinock, Allen & Holt of Colorado. The project, funded by the Wo…
Spot prices at a glance (December 07, 1992)
Week’s Price (US) Change Gold* $335.10 + $0.35 Silver* $ 3.76 $0.00 Platinum* $361.50 + $5.25 Nickel** $ 2.53 + $0.06 Lead** $ 0.21 $0.00 Copper $ 0.98 + $0.01 Zinc $ 0.48 $0.00 Courtesy of Scotiabank…
STOCK MARKETS — Base metal stocks post healthy gain, gold
A mini-rally in the base metal mining sector resulted in a modest gain for The Toronto Stock Exchange during the week ended Dec. 1. In one of its best performances of the season, the metals and minera…
PRODUCER PRICES (December 07, 1992)
ALUMINUM: MW U.S. market US52.75-53.75 cents per lb. (Nov. 20, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jul. 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 199…
Falco announces further cuts
As a result of weak nickel prices, high inventories, increasing costs and poor market outlook, Falconbridge says it will make further production cuts. Combined with previously announced shutdowns in S…
American Bullion acquires Dot
In concert with the recent acquisition of the Dot copper-oxide property, American Bullion Minerals (VSE) has assigned Zappa Resources (VSE) an option to earn a 50% interest in the property. Zappa can …