Placer drops Jualin option
A unit of Placer Dome (TSE) recently terminated an option to earn a 50% interest in the Jualin gold property owned by International Curator Resources (VSE). The Jualin property is 40 miles north of Ju…
News
PEOPLE (January 13, 1992)
Ian Gollop appointed executive vice-president. FENWAY RESOURCES George Donaldson appointed vice-president, corporate development. MERCANTILE GOLD Tim Pinchin, Don Crossley and Mark Holden appointed di…
FINANCING (January 13, 1992)
Bradsue Resources Ltd – 600,000 units consisting of 1 sh and 2 A wts offered @ 40 cents per unit. Canadian Comstock Exploration Ltd – 175,000 flow-through shs offered @ 45 cents per sh, also 325,000 n…
Risk management
The Seventh Mineral Economics Symposium will take place Jan. 16 in Toronto’s Sheraton Centre. Topic is “Back to basics: managing the risks to reap the rewards.” The symposium is held by Toronto’s Mine…
Platinum hit by GM cutbacks
Platinum tumbled on the New York Mercantile Exchange in late 1991 after General Motors announced that it intends to shut down 21 of its North American automotive plants. Expectations that the GM closu…
TSE STOCK EXCHANGE INDICES (January 13, 1992)
Jan 7 Jan 6 Jan 3 Jan 2 Jan 1 Dec 31 High Low Composite 300 3512.92 3524.77 3517.47 3493.66 HOL. 3512.36 4009.47 3009.91 Metals & Minerals2937.61 2943.65 2982.27 2935.22 HOL. 2954.99 3453.06 2502.63 I…
Toronto Stock Exchange (January 13, 1992)
The recent trend toward lower interest rates sent New York’s Dow Jones Industrial Average of blue chip stocks to record heights during the week ended Jan. 7 as investors jockeyed to get in on the rall…
Cameco exploration focus on gold, uranium
Uranium producer Cameco (TSE) plans to match last year’s exploration budget of $10-12 million in 1992, according to The Source, Cameco’s employee newsletter. While most of the money will be spent in N…
Gold analysts bullish despite weak price to begin 1992
Gold began the New Year on a bearish note, shedding US$2 to US$350.50 on reports that Russia will end the state monopoly on mining and open up ground for prospecting. The newly founded republic says i…
Takla Star sues Cal Graphite
Alberta-based Takla Star Resources (ASE) recently launched a major lawsuit in Ontario seeking the return of a graphite mining property at Graphite Lake, Ont., from Cal Graphite (VSE). Takla Star is al…
Metal Prices (January 13, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 7 Jan 6 Jan 3 Jan 2 Jan 1 Copper 1130-1131 1133-1134 1150-1151 1146-1147 NA Lead…
PRODUCER PRICES (January 13, 1992)
ALUMINUM: MW U.S. market US51.00-51.50 cents per lb. (Dec. 26, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CAD…