Yukon exploration activity picking up
The Yukon’s mineral exploration season is expected to improve considerably this summer after only $10 million was spent in 1992. “It’s definitely picking up,” said Al Doherty, president of the Yukon C…
News
Battle Mountain to develop Reona
U.S.-based Battle Mountain Gold (TSE) plans to develop the Reona heap-leach deposit at its Battle Mountain complex in Nevada. The cost will be about $10 million. Reserves are about 13.5 million tons g…
Bursary fund honors Paul Young
Friends and early associates of the late mining engineer Paul Young have founded a student assistance bursary fund in his name. The Paul E. Young Memorial Fund is administered by The Walli Foundation …
GOLD FUNDS (May 10, 1993)
BGR Central Net Value $11.52 $5.63 Price $10.25 $5.75 Discount 11.02% 2.1% Value $64,523,000 $96,739,725…
Spot prices at a glance (May 10, 1993)
Week’s Price (US) Change Gold* $352.75 + $3.05 Silver* $ 4.25 + $0.20 Platinum* $374.15 – $0.60 Nickel** $ 2.67 – $0.01 Lead** $ 0.19 $0.00 Copper $ 0.82 – $0.03 Zinc $ 0.46 $0.00 Courtesy of Scotiaba…
Higher prices, lower taxes needed for expansion in coal
Canada’s coal miners expressed relief that the financial and labor problems that shut down the Balmer, Greenhills and Fording mines in southeastern British Columbia have been resolved. Otherwise, litt…
Cominco nixes QSL technology
After three years of studies and tests, Cominco (TSE) has decided not to proceed with the QSL lead smelting process at its metallurgical operations in Trail, B.C. The QSL smelter was fired up in late …
Cumberland buys Asamera ground
A purchase agreement has been signed between Cumberland Resources (VSE) and Asamera Minerals (now wholly owned by Gulf Canada Resources) for property interests in the Northwest Territories. The proper…
TORONTO STOCK EXCHANGE INDICES (May 10, 1993)
May 4 May 3 Apr.30 Apr.29 Apr.28 High Low Composite”300″3779.19 3773.47 3789.41 3755.06 3682.38 4009.47 3009.91 Metals&Minerals 2907.89 2901.08 2870.67 2858.39 2854.59 3453.06 2502.63 Integrated Mines…
Gibraltar earnings decline slightly
Although 1992 pre-tax earnings for Gibraltar Mines (TSE) increased over 1991 levels, higher income taxes as a result of non-deductible items resulted in lower net earnings. Gibraltar made $3.1 million…
PEOPLE — MISHIBISHU GOLD (May 10, 1993)
John Pallot appointed director.
PEOPLE — B.W.I. RESOURCES
John Pallot appointed director.