Spot prices at a glance (July 27, 1992)
Week’s Price (US) Change Gold* $357.10 + $6.15 Silver* $ 3.96 + $0.01 Platinum* $377.90 – $11.60 Nickel** $ 3.42 + $0.06 Lead** $ 0.30 + $0.03 Copper $ 1.17 + $0.01 Zinc $ 0.62 + $0.03 Courtesy of Sco…
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Metal Prices — FREE MARKET (July 27, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 21 July 20 July 17 July 16 July 15 Copper 1335-1336 1334-1335 1318-1319 1323-13…
Beauchamps cuts copper-gold values
The first hole (92-1) of a program at the Sustut project 30 miles south of the Kemess area in British Columbia cut 121 ft. (from 43 ft. to 164 ft.) grading 0.6% copper and 0.025 oz. gold per ton, incl…
TSE Short Positions (July 27, 1992)
Semi-monthly reports as of July 15, showed 26,202,288 shares of 573 issues compared with 25,849,622 shares of 590 issues on June 30. Larger individual positions included: Aber Res. 68,500, down 49,700…
Age-dating helps in search for orebodies
The mention of age-dating may raise a few chuckles in some circles. But it really doesn’t have anything to do with pensioners going out with one another. Age-dating is the serious business of determin…
Corona acquisition gets approval
Shareholders of Homestake Mining (NYSE) voted 92% in favor of a proposal to issue about 37.3 million common shares to acquire International Corona (TSE). Homestake received the necessary shareholder a…
Record output for Casa Berardi
The Casa Berardi mine in Quebec was excluded from a list of Canada’s top 12 gold mines in a recent story (T.N.M., July 6/92). Owned by TVX Gold (TSE) and Golden Knight Resources (TSE) through a 60-40 …
LATIN AMERICA — Placer Dome drops Andacollo project
After a 1-year drilling and evaluation program at the Andacollo copper-gold property in northern Chile, Placer Dome (TSE) says it is pulling out of the project. Placer paid US$1.2 million for the righ…
Princeton plans copper program
The proceeds of a recent private placement will be used by a wholly owned subsidiary of Princeton Mining (TSE) to explore and drill a newly optioned copper property in Chile. Last May, Minera Princeto…
LATIN AMERICA — Red Rock affiliate acquires Amelia
A final payment of US$790,000 by Minera Roca Roja SA de CV, a 50% owned subsidiary of Red Rock Mining (VSE), has resulted in the former claiming 100% ownership of the Amelia gold property near Magdale…
Roman buying Exall interest
Stephen Roman, president of Exall Resources (TSE), has acquired an option to purchase Denison Mines’ (TSE) interest in Exall. In a separate agreement, Exall has arranged a private placement of shares …
LATIN AMERICA — Jordex negotiates Bolivian joint venture
Vancouver-based Jordex Resources (VSE) says its subsidiary Tiwanacu has been selected by Combiol to enter final negotiations concerning joint venture production from the Bolivar zinc-silver mine in Bo…