Newmont, Uzbekistan to join in gold venture
Newmont Mining (NYSE), North America’s biggest gold miner, is planning to team up with the second largest gold producer of the former Soviet republics to extract ore from low-grade deposits. Newmont C…
News
Metal Prices (February 17, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 11 Feb 10 Feb 7 Feb 6 Feb 5 Copper 1206-1207 1189-1191 1189-1191 1198-1199 1201-…
Montreal Exchange (February 17, 1992)
Drilling activity at the Douay gold property of Societe d’Exploration Miniere Vior helped to propel the stock upwards during the week ended Feb. 11. The junior, which gained 15 cents to 70 cents on al…
GOLD FUNDS (February 10, 1992)
BGR Central Net Value $8.23 $5.22 Price $7.75 $4.650 Discount 5.78% 10.9% Value $48,972,000 $78,232,995…
Key-Rio deal
Subject to regulatory approval, Key Anacon Mines (TSE) says it has entered into an option agreement with Rio Algom Exploration, a unit of Rio Algom (TSE), whereby Rio may earn a 60% interest in Key’s …
Asarco drops Col project (February 10, 1992)
A unit of Asarco (NYSE) recently withdrew from a joint venture with Kookaburra Gold (VSE) to explore the Col copper-gold project in the Mt. Milligan area north of Prince George, B.C. Kookaburra is now…
Abner to survey diamond prospect
Vancouver-based Aber Resources (TSE) is set to begin exploration on its diamond claims 200 miles northeast of Yellowknife, N.W.T., after purchasing all of the outstanding shares of West Viking Explora…
NEBEX, Savoy test high-grade showing
NEBEX Resources (ASE) has exchanged its right to earn a 50% interest in the MOS 1-5 and Les 6 claims near Yellowknife, N.W.T., for a 50% interest in Savoy Gold. Drilling on the property during the 194…
Minnova plans to drill Seneca property in B.C.
Toronto-based Minnova (TSE) plans to conduct further drilling on the Seneca property, 65 miles east of Vancouver, B.C. Minnova is earning a 51% interest in the property from International Curator (VSE…
Guyana explorers to merge
The boards of directors of South American Goldfields (TSE) and Golden Star Resources (TSE) have agreed in principle to merge the two companies. Both companies have gold and diamond exploration propert…
Noranda sells stake in Hemlo
Mining giant Noranda (TSE) will hold on to its remaining 45.7% interest in Hemlo Gold Mines (TSE) after selling a 9.3% stake to an underwriting syndicate by mid-February, said Alan Thomas, senior vice…
1991 expenditures drop in Ontario
Exploration expenditures in Ontario for 1991 are estimated to be $124 million, compared with $141 million in 1990 and $218 million in 1989, says Ontario Ministry of Northern Development and Mines. Min…