METAL PRICES — FREE MARKET (December 21, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec. 15 Dec. 14 Dec. 11 Dec. 10 Dec. 9 Copper 1397-1398 1400-1401 1399-1401 1400-140…
News
Inco to meet with union on underground proposal
Nickel giant Inco (TSE) will meet with union officials at its Sudbury, Ont., operations on Jan. 4 to discuss a proposal that would shift 85 unionized and non-unionized office workers into underground …
NEWS ROUNDUP — Beauchamps drills Quebec property
Drilling has commenced on Beauchamps Exploration’s (VSE) 87-claim Verneuil Twp. gold property just east of Lebel-sur-Quevillon, Que. In October, gold mineralization was discovered in a new pyrite-bear…
Encouraging assays from South Pipeline
Encouraging assay results were released by Royal Gold (NASDAQ) from the South Pipeline gold project in Nevada. The Denver-based company owns a 20% net profits interest in the property where a deeper h…
Lithoprobe has implications for mineral exploration
Lithoprobe, an integrated geoscience research program created in 1987, is providing new insights into mineral exploration in several mining camps in the Abitibi greenstone belt in Ontario and Quebec. …
Cons. Nevada eyes new properties
The objective of Peter Bojtos, president of Consolidated Nevada Goldfields (TSE), is to make his company grow through property acquisitions. Bojtos was in Toronto recently presiding over Consolidated …
Dayton director sells following property deal
Just a few weeks after Dayton Mining (TSE) agreed to vend a 25% interest in its wholly owned Andacollo gold project in Chile for $22.6 million, director Kamel Lazaar sold 20% of his stake in the Vanco…
Prime Equities targets Peace River
Promoter Murray Pezim’s Prime Equities International (VSE) is making a splashy entrance into the diamond exploration business by applying for mineral prospecting permits covering about 4.1 million acr…
PRODUCER PRICES (December 21, 1992)
ALUMINUM: MW U.S. market US54.50-55.25 cents per lb. (Dec. 4, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992…
Princeton plans Mexican acquisition
A proposed merger with Chutine Resources (VSE) in concert with an agreement with Mexican interests is expected to give Princeton Mining (TSE) a 100% interest in a private Mexican company. The private …
NEWS IN BRIEF (December 14, 1992)
Eagle Pass Resources Ltd. (EGP:VSE) has changed its name to Starcore Resources Ltd. (SOE:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust Co….
Caledonia sells Richmont shares
Net proceeds of about $1.5 million were realized by the sale of its 1.36 million shares of Richmont Mines (TSE), says Caledonia Mining (TSE). Richmont reported gold production of 14,162 oz. during the…