Dutch unload gold reserves
The Dutch central bank was reported to have sold 400 tonnes of gold, equal to about one-quarter of its total gold reserves. Analysts said The Netherlands may be using the money from the sale of the go…
News
Lencourt under new management
Toronto-based geological consulting firm Watts, Griffis and McOuat (WGM) has sold more than two million shares of Lencourt (TSE) to Interchem (N.A.) Industries in trust. Interchem, a Vancouver-listed …
Falconbridge considers building own power plant
The Kidd Creek division of Falconbridge is one step away from building its own hydro-generating station and Ontario Hydro one step away from losing its largest customer. The division is trying to arra…
Wharf arranges US$20-million loan
Wharf Resources Partnership, which owns the Wharf open-pit gold mine near Lead, S.D., has arranged a US$20-million term loan with a U.S. bank. The Wharf Resources Partnership is 100% owned by Wharf Re…
Imperial sells Crow Butte interest
A net gain of more than $2 million is expected by Imperial Metals (TSE) from the recent sale of a 22% interest in the Crow Butte uranium mine to Uranerz U.S.A. The transaction will increase Uranerz’s …
Nanisivik funds Asquith on new belt
Nanisivik Mines, a unit of Conwest Exploration (TSE), has agreed to fund initial exploration work on Asquith Resources’ (CDN) claims south of Shining Tree, Ont., through a private placement of common …
Program named after Aitken
A new sustainable development internship program will be named in memory of the late W.R.O. (Roy) Aitken, federal Environment Minister Jean Charest announced recently. Aitken, who died last November a…
PRODUCER PRICES (January 18, 1993)
ALUMINUM: MW U.S. market US57-58 cents per lb. (Jan. 8, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CAD…
VSE resource index posts 50% increase
Market activity on the Vancouver Stock Exchange increased during 1992, with both higher volume and value reported. Total volume trading in 1992 reached almost 3.9 billion shares compared with about 3….
Curator acquiring Baja property
A recently completed agreement-in-principle gives International Curator Resources (VSE) the right to purchase a 100% interest in the Boleo copper-cobalt property in Baja, Mexico, from Minera Terra Gai…
NEWS IN BRIEF (January 18, 1993)
Long Range Resources Ltd. (LRG:ASE) has changed its name to Sport Specific International Inc. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is R-M Trust Co. in C…
Spot prices at a glance (January 18, 1993)
Week’s Price (US) Change Gold* $327.85 – $1.00 Silver* $ 3.67 – $0.03 Platinum* $356.60 – $1.10 Nickel** $ 2.72 – $0.10 Lead** $ 0.20 $0.00 Copper $ 1.01 – $0.05 Zinc $ 0.48 – $0.00 Courtesy of Scotia…