Rayrock plans Marigold drilling
Drilling at the Marigold gold project in Nevada, south of the East Hill deposit, indicates potential for additional heap leach reserves, Rayrock Yellowknife Resources (TSE) reports. The company, which…
News
Homestake extends offer for Corona
By agreement of all parties, the date by which Homestake Mining (NYSE) is to make a share exchange offer to shareholders of International Corona (TSE) was recently extended to June 15, 1992. The exten…
Others’ Words (June 01, 1992)
Our industry is the target of many ill-informed groups that seldom reflect the views of local communities. However, we believe that our strong environmental performance, community involvement and educ…
NEWS IN BRIEF (June 01, 1992)
Musto Explorations Ltd. (MUX:VSE) has changed its name to International Musto Explorations Ltd. (IMZ:VSE) with a consolidation of capital on a 1-new-for-20-old-share basis.
GOLD FUNDS (June 01, 1992)
BGR Central Net Value $7.92 $5.04 Price $6.13 $4.65 Discount 22.62% 7.70% Value $47,127,000 $78,232,995…
FINANCING (June 01, 1992)
Primo Gold Ltd – 750,000 shs offered @ 40 cents per sh. Mt. Grant Mines Ltd – 250,000 shs offered @ 25 cents per sh. Vananda Gold Ltd – 300,000 shs offered @ 75 cents per sh. Golden Ring Res. – 500,00…
Golden Star merges with South American Goldfields
The planned merger of Golden Star Resources with South American Goldfields into a new company known as Golden Star Resources Ltd. (TSE) was approved by shareholders of both companies recently. About 1…
$20-million offering by Cominco Res.
The final prospectus for a $20-million offering of units was recently released by Cominco Resources International (TSE). The company plans to issue 8.334 million units at a price of $2.40 per unit. Th…
Westmin alliance with Noranda Sales
Noranda Sales was recently appointed exclusive sales agent for copper and zinc concentrates produced by Westmin Resources (TSE) at its Myra Falls mine complex near Campbell River, B.C. Westmin, which …
TORONTO STOCK EXCHANGE INDICES (June 01, 1992)
May 26 May 25 May 22 May 21 May 20 High Low Composite”300″3382.30 3370.31 3372.15 3358.05 3381.21 4009.47 3009.91 Metals&Minerals 3046.84 3018.31 3027.60 3030.43 3061.98 3453.06 2502.63 Integrated Min…
Spot prices at a glance (June 01, 1992)
Week’s Price (US) Change Gold* $338.45 + $1.00 Silver* $ 4.10 + $0.02 Platinum*$365.50 + $5.75 Nickel** $ 3.35 + $0.04 Lead** $ 0.23 0.00 Copper $ 1.01 0.00 Zinc $ 0.64 + $0.01 Courtesy of Scotiabank….
Mining companies cut costs to weather lower metal prices
Mining companies the world over are battening down the hatches to weather low metal prices, as rising costs are further eroding their shrinking revenues. One of the most extreme examples comes from Co…