U.S. REPORT — Pegasus plans share issue
Western U.S. gold producer Pegasus Gold (TSE) recently reached an agreement with brokers Burns Fry, Nesbitt Thomson, Goldman Sachs and Bunting Warburg for a secondary issue of 3.25 million common shar…
News
Troy continues surface work, test milling at Menary prospect
Continued surface exploration and test milling of a 500-ton bulk sample is reported by Western Troy Capital (ASE). The company’s property is in Menary Twp. in northwestern Ontario. Examination of the …
STOCK MARKETS — Market upset follows drop in dollar, rise in
The Toronto Stock Exchange went into a tailspin at the close of the week ended Sept. 29, as constitutional uncertainty and a related dip in the Canadian dollar put investors in a selling mood. The TSE…
METAL PRICES — FREE MARKET (October 05, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept. 29 Sept. 28 Sept. 25 Sept. 24 Sept. 23 Copper 1318-1320 1367-1368 1393-1394 13…
U.S. REPORT — Placer, Royal Gold settle Pipeline project
Litigation between wholly owned subsidiaries of Placer Dome (TSE) and Royal Gold (NASDAQ) over the Pipeline gold project in Nevada has been resolved. Under the settlement, all but one part of the clai…
U.S. REPORT — Franco-Nevada increases royalty at Goldstrike
A 6% net profits interest (NPI) royalty covering the western extension of the Goldstrike mine in Nevada has been purchased by Franco-Nevada Mining (TSE). Franco-Nevada will issue 225,000 common shares…
NEWS ROUNDUP — Beauchamps uncovers new gold zones
Two new quartz-bearing gold zones have been discovered by Beauchamps Exploration (VSE) on its 30-claim property in Verneuil Twp. in northwestern Quebec. Grab samples from one zone, 800 ft. long and 20…
Gold Fields options Pandora
A letter of intent has been signed between Gold Fields Canadian Mining, a unit of Hanson Natural Resources, and Queenston Mining (TSE) on Queenston’s 100% owned Pandora gold property near Malartic, Qu…
Newmont Mining active at two Indonesian projects
Two prospects in Indonesia are showing promise for Newmont Mining (NYSE). One is the 80% owned Minahasa prospect on the island of Sulawesi. Preliminary reserves currently stand 13.5 million tons gradi…
Government funds new quarry
Palin Granite Canada has been granted $600,000 from the Northern Heritage Fund Corp. (NOHFC) to develop and operate a new granite quarry near Kenora, Ont. The quarry project has created five new jobs …
Sunburst announces share acquisition
Shareholders of Sunburst Resources (CDN) have approved the acquisition of all outstanding common shares of ALPS Group and the issuance of 540,000 common shares of Sunburst to Adevam Investments. ALPS …
Barrick shuts down Camflo after 29 years of operation
After 29 years of operation, the Camflo gold mine in northwestern Quebec is about to hoist its last load of ore. In October, 1963, the first bench of Camflo’s main shaft was blasted. Toward the end of…