Quebec juniors find financing is scarce
While the outlook for mining in Quebec this year is bleak, the long-term future of mining exploration in Quebec remains promising, says Michel Bouchard, president of the Association des Prospecteurs d…
News
Agnico affiliate keeps location of diamond find secret
The companys stock recently reached a new high of $2.35 before falling back to $1.85, compared with a 52-week low of 15 cents. Although Sudbury Contact declined to comment on the exact location of the…
Minera’s leach tests at Ivan aimed at cathode production
Sulphide samples from bacterially assisted leaching at the Ivan copper project in Chile are being sent to a laboratory for testing, Minera Rayrock (TSE) reports. The company says acceptable recoveries…
Adonos and Starmin plan to drill copper-gold project in
A drill program is planned by Adonos Resources (VSE) and Starmin Mining (TSE) for their copper-gold project in the Philippines to test, in part, the deposit’s strike extension. As well, the program wi…
Stock Markets (June 08, 1992)
Both the Vancouver Stock Exchange resource and composite indices continued to gain ground during the week ended June 2 with diamond exploration remaining the “special of the week”. The composite index…
Rio gets Chilean mine financing
Toronto-based resource giant Rio Algom (TSE) has made the necessary arrangements for a US$180-million financing package needed to develop the Cerro Colorado copper mine in northern Chile. After an ini…
Greenstone sued over the death of Colombian
A recent statement of claim in the Ontario court, general division, related to the death more than two years ago of a Colombian geologist who worked at the small Oronorte gold mine in Colombia, owned …
Mine closures lower Corona production
A total of 169,359 oz. gold and gold equivalent was produced to the account of International Corona (TSE) during the first three months of this year, about 10,000 oz. lower than in the year-earlier pe…
On the Level (June 08, 1992)
My thoughts this time have little to do with mining, except they do centre around former mines minister Marcel Masse, one of the most extravagant spenders in the Ottawa hierarchy. With his ilk in cabi…
Fischer-Watt sells stake in Hayden Hill property
In a move to eliminate its long-term debt, Fischer-Watt Gold (NASDAQ) recently agreed to sell its 5% net operating profit royalty in the Hayden Hill property to Amax Gold (NYSE) for about US$3 million…
Lockwood program cut short
After drilling the fourth hole of this year’s drilling program, Kennecott opted to suspend drilling operations on the Lockwood property near Everett, Wash. Kennecott can earn a 51% interest in the pro…
Spot prices at a glance (June 08, 1992)
Week’s Price (US) Change Gold* $339.85 + $1.40 Silver* $ 4.09 – $0.01 Platinum* $376.75 + $11.25 Nickel** $ 3.35 0.00 Lead** $ 0.24 + $0.01 Copper $ 1.01 0.00 Zinc $ 0.64 0.00 Courtesy of Scotiabank. …