Spot prices at a glance (October 05, 1992)
Week’s Price (US) Change Gold* $349.00 + $0.10 Silver* $ 3.77 – $0.07 Platinum* $367.50 + $3.25 Nickel** $ 3.03 – $0.06 Lead** $ 0.27 $0.00 Copper $ 1.06 – $0.02 Zinc $ 0.58 – $0.03 Courtesy of Scotia…
1992
Hecla gets permits for Grouse Creek
Federal and state environmental permits for development and production at Grouse Creek were recently received by owner Hecla Mining (NYSE). Permitting for the operation, in south-central Idaho, was de…
SEG, KWG continue Granada work
Joint venture partners SEG Exploration (ME) and KWG Resources (ME) are proceeding with the collection of a bulk sample from their Granada gold property near Val d’Or, Que. The 20,000-ton sample will b…
METAL PRICES — FREE MARKET (October 05, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept. 29 Sept. 28 Sept. 25 Sept. 24 Sept. 23 Copper 1318-1320 1367-1368 1393-1394 13…
U.S. REPORT — Placer, Royal Gold settle Pipeline project
Litigation between wholly owned subsidiaries of Placer Dome (TSE) and Royal Gold (NASDAQ) over the Pipeline gold project in Nevada has been resolved. Under the settlement, all but one part of the clai…
U.S. REPORT — Franco-Nevada increases royalty at Goldstrike
A 6% net profits interest (NPI) royalty covering the western extension of the Goldstrike mine in Nevada has been purchased by Franco-Nevada Mining (TSE). Franco-Nevada will issue 225,000 common shares…
Placer sells Big Bell interest
The 50% interest in the Big Bell gold mine in Western Australia belonging to Placer Pacific, the 75.7% owned subsidiary of Placer Dome (TSE), has been sold to Poseidon Gold of Australia for about US$8…
Kalahari tests mag anomaly in Quebec
Vancouver-based Kalahari Resources (VSE) recently optioned 1,000 claims in the Eastern Twps. of Quebec from Peter Ferderber and Associates in exchange for 300,000 shares. The claim group, called the A…
METAL MARKETS — Nickel producers contemplate cutbacks
In their anxiety to protect local currencies, governments are juggling interest rates which will, in the short term, further cramp economic recovery, particularly in Europe where companies will hedge …
Drill results should boost Williams Creek reserves
Initial results from this year’s drill program have partners Western Copper Holdings (VSE) and Thermal Exploration (ASE) predicting an increase in reserves at the Williams Creek copper-oxide project 2…
METAL PRICES — FREE MARKET (September 28, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept. 22 Sept. 21 Sept. 18 Sept. 17 Sept. 16 Copper 1404-1405 1417-1419 1382-1385 13…
NEWS ROUNDUP — Breckenridge options Spanish ground
Breckenridge Resources (VSE) has optioned the Eldorado mineral concession in Malaga province, Spain, from Harlequin Resources. The 2-year deal allows Breckenridge to earn 100% interest in the property…