U.S. REPORT (June 29, 1992)
Production at the Crofoot/Lewis heap leach mine in Nevada reached a new record for the month of May with 10,109 oz. gold and 58,708 oz. silver produced. Hycroft Resources (VSE), owner of the mine, rep…
News
LETTERS TO THE EDITOR (June 29, 1992)
Our magazine applauds your addressing the topic of gold dumping. (T.N.M., May 11/92). The dumping of government gold stock by the Canadian central bank, however, is not being executed to reduce federa…
Spot prices at a glance (June 29, 1992)
Week’s Price (US) Change Gold* $344.00 + $1.90 Silver* $ 4.04 – $0.07 Platinum* $366.60 – $2.65 Nickel** $ 3.23 – $0.01 Lead** $ 0.25 $0.00 Copper $ 1.06 + $0.02 Zinc $ 0.59 $0.00 Courtesy of Scotiaba…
Homestake sides with Placer: Eskay Creek is overvalued
Even though a feasibility study hasn’t been completed for the Eskay Creek project north of Stewart, B.C., two of North America’s largest gold mining companies announced or plan substantial writedowns …
LaRonde may rescue Agnico while other operations falter
A combination of record production and exploration success at the LaRonde gold mine in northwestern Quebec gave shareholders at Agnico-Eagle Mines’ (TSE) recent annual meeting reason for optimism. In …
N.W.T. diamond projects keep SouthernEra busy
Aside from spending $1 million this year to explore its claim blocks in the Lac de Gras area of the Northwest Territories, SouthernEra Resources (TSE) will investigate four other diamond prospects in …
Deal-making among owners delays Holloway shaft work
Shaft sinking on the Holloway project near Matheson, Ont., expected to begin in May, has been delayed by negotiations to create a single mine property, says Joseph Baylis, a spokesman for Hemlo Gold M…
Aber drilling copper-zinc prospect
Drilling is under way on the High Lake base metal project in the Northwest Territories following an option agreement between Kennnecott Canada and Aber Resources (TSE). At a recent annual meeting, Abe…
Strike continues at Giant mine
Management of Royal Oak Mines (TSE) is showing no signs of backing away from the use of replacement workers to continue production at its Giant gold mine near Yellowknife, N.W.T. President Margaret Wi…
Program planned near Kerr deposit
Since taking control of Kenrich Mining (VSE) and Ambergate Explorations (VSE), Ken Trociuk has spent considerable time and money ensuring the two juniors have clear and undisputed title to their geolo…
Bema, Amax renegotiating gold loan to build Refugio
Low gold prices and investor indifference have made the past year a challenging one for Bema Gold (TSE), a Vancouver-based junior attempting to finance its Refugio gold project, a joint venture, in th…
METAL PRICES (June 29, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 23 June 22 June 19 June 18 June 17 Copper 1235-1236 1234-1235 1242-1243 1225-12…