News

Murray Pezim’s Fairhaven Resources (VSE) recently terminated its option to earn interests in two copper-gold properties in the Galore Creek area of British Columbia. Fairhaven, formerly Consolidated R…

Republic Goldfields (VSE) says its wholly owned subsidiary in the U.S. has converted its outstanding gold loan to a U.S. dollar loan, resulting in a gain of US$305,000. The company says it has also ne…

An option to earn a 50% interest in the Duquesne gold property north of Rouyn-Noranda, Que., has been acquired by Hemlo Gold Mines (TSE) from Radisson Mining Resources (ME). To earn its interest, Heml…

A study on the proposed construction of a ferrochrome plant in Tracy, Que., is expected to be completed early in 1993, says Ressources Minieres Coleraine (ME). Coleraine and provincial utility Hydro-Q…

To help finance its $147.8-million share of the development costs for the Louvicourt base metal deposit near Val d’Or, Que., Societe Miniere Louvem (TSE) will issue a $45-million rights offering to al…

Infill drilling at the Komis deposit near La Ronge, Sask., has returned high-grade gold values over widths of up to 42.6 ft., says owner Waddy Lake Resources (TSE). The recently completed 20-hole prog…

Toronto-based junior Goldpatch Resources (CDN) has agreed to purchase all of the issued shares of a numbered Ontario company in exchange for $125,000 in cash and one million common shares of Goldpatch…

International producer Inco (TSE) says it realized an average price for its nickel of US$3.47 per lb. during the third quarter of 1992 and US$3.51 during the first nine months, compared with US$3.90 a…

The Vancouver Stock Exchange is continuing to attract negative press, the most recent being an unflattering article in Barrons. The fallout, coupled with gold’s renewed slide toward questionable suppo…

Week’s Price (US) Change Gold* $338.20 – $5.30 Silver* $ 3.77 – $0.04 Platinum* $356.50 – $0.75 Nickel** $ 2.78 + $0.03 Lead** $ 0.23 – $0.01 Copper{ $ 1.02 – $0.01 Zinc{{ $ 0.50 – $0.01 Courtesy of S…

I regret that I am unable to renew my subscription due because of M.R. Brown’s column “Warding off `penny dreadfuls’ ” (T.N.M., Sept. 14/92). I am a promoter of several of such “penny dreadfuls.” Mr. …

Recently listed on the Montreal Exchange was Tiomin Resources, which was created through the amalgamation of New Pascalis Mines and Tiomin Resources. Pascalis shareholders received one Tiomin share fo…