PEOPLE — YUMA GOLD (August 17, 1992)
Joseph Abbinante and Donald Neal appointed directors.
News
PEOPLE — HOMESTAKE MINING (August 17, 1992)
Peter Steen elected president, chief operating officer and director; M. Anderson, William Humphrey elected directors.
Deal opens Monopros to scrutiny
The secretive Canadian arm of South African diamond giant De Beers stepped into the public forum for the first time in years by recently agreeing to form a joint venture with Aaron Oil (ASE), a Calgar…
Others’ Words (August 17, 1992)
Mining companies in Ontario need to have confidence in the price forecasting ability of Ontario Hydro and on the availability of competitively priced electricity. From the 1950s to the 1980s, the util…
Pipeline gold reserves up 30%
An updated reserve estimate released by Placer Dome (TSE) for the Pipeline gold deposit at its 60% owned Cortez joint venture property in Nevada shows a 30% increase in contained gold. The deposit is …
Porgera ups Placer Dome output
A new quarterly record for gold production was set by Placer Dome (TSE), which turned out a total of 505,000 oz. for its most recent quarter ended June 30. But the company’s latest operating results s…
QPA convention set for Val d’Or
Theme of this year’s Quebec Prospectors Association convention, scheduled for Sept. 16-18 in Val d’Or, Que., is “Exploring in Quebec?”, with the focus on evaluating the future of mining exploration in…
Casino drilling yields wide copper-gold intersections
Drilling on the Casino copper-gold project in southern Yukon returned a number of wide intersections for owners Casino Silver Mines (VSE) and Big Creek Resources (VSE). Big Creek is earning a 50% work…
NEWS ROUNDUP — Columbia encouraged by drilling
The first hole drilled this season by Columbia Gold Mines (VSE) on the Spectrum gold property in the Iskut River area of British Columbia returned an 8.5-ft. intersection grading 1 oz. gold per ton fr…
NEWS ROUNDUP — Coleraine sample tested overseas
Encouraging results have been received from metallurgical tests carried out in Germany on a sample from the Hall chromite deposit at Thetford Mines, Que., Ressources Minieres Coleraine (ME) reports. T…
NEWS ROUNDUP — Bethlehem drills Rain property
Copper-zinc producer Bethlehem Resources (TSE) recently started a limited drilling program at its Rain property in the hopes of finding additional mill feed for its 50% owned Goldstream mine near Reve…
Spot prices at a glance (August 17, 1992)
Week’s Price (US) Change Gold* $346.50 – $6.40 Silver* $ 3.89 + $0.01 Platinum* $368.75 – $8.60 Nickel** $ 3.28 – $0.06 Lead** $ 0.30 $0.00 Copper $ 1.14 + $0.01 Zinc $ 0.62 + $0.01 Courtesy of Scotia…