PRODUCER PRICES (May 11, 1992)
ALUMINUM: MW U.S. market US61.75-62.75 cents per lb. (Apr. 23, 1992). ANTIMONY: New York dealer US78-82 cents per lb. (Mar. 26, 1992). BISMUTH: New York dealer US$2.50-2.70 per lb. (Mar. 26, 1992). CA…
News
Senior gold producers respond to Newmont Mining purchase
Newmont Mining believes the worst is over for gold and to prove it, North America’s biggest gold producer spent US$126 million during the week ended May 5 to buy 375,000 oz. of the yellow metal. The N…
Pegasus’ quarterly output jumps
A production record of 64,200 oz. gold was set by Pegasus Gold (TSE) for the 1992 first quarter, a 56% increase over the 41,100 oz. produced during the comparable 1991 period. The Spokane-based compan…
Gibraltar amends Newcoast agreement
The amendment to the property interest agreement between Newcoast Silver Mines (VSE) and Gibraltar Mines (TSE) clears the way for a 19,300-ft. diamond drilling program on the Gibraltar North zone this…
INSIDER TRADING (May 11, 1992)
Wheaton River Minerals (TSE) Chairman Ian McDonald continues to be one of the junior resource industry’s most active insiders. In any given week, McDonald’s name usually appears in the Ontario Securit…
GOLD FUNDS (May 04, 1992)
Gold Funds as of Apr. 28 BGR Central Net Value $7.54 $4.99 Price $6.00 $4.400 Discount 20.41% 11.8% Value $44,887,000 $74,026,920…
NEWS IN BRIEF (May 04, 1992)
Delta Star Resources Inc. (DLS:VSE) has changed its name to Accord Financial Corp. with a consolidation of capital on a 1-new-for-5-old-share basis.
Magnacon mill deal is extended
A deadline to purchase the Magnacon gold mill near Wawa, Ont., has been extended by two months says Richard Nemis, president of Central Crude (TSE). Nemis says he now has until mid-summer to raise the…
Gold Fields drops Blue Dog
By mutual agreement, an option allowing Gold Fields Mining to earn a 60% interest in the Blue Dog gold property from Gold Canyon Resources (VSE) was recently terminated. The Idaho gold project was pre…
FINANCING (May 04, 1992)
Ventex Resources Corp – 1,500,000 shs offered @ 10 cents per sh.
TSE STOCK EXCHANGE INDICES (May 04, 1992)
Composite “300” 3337.92 3326.45 3349.69 3371.47 3367.75 4009.47 3009.91 Metals&Minerals 2977.67 2976.85 2990.12 2991.22 2989.13 3453.06 2502.63 Integrated Mines 3160.78 3163.38 3176.46 3178.68 3176.07…
Casa Berardi Est mine suspended
Operations at the Casa Berardi Est gold mine of TVX Gold (TSE) in northwestern Quebec were suspended recently after about 12,000 cubic metres of overburden flowed into the underground mine through a f…