Spanish lead-zinc mine closes
Exploracion Minera Internacional Espana S.A. (Exminesa), a Spanish mining company 48% owned by Cominco (TSE), has announced the closure and sale of all capital assets at its Rubiales lead-zinc mine in…
News
Temisca plans field work on four gold properties
Four gold properties, totalling 59 claims, have been optioned by Temisca Resources (ME) in Courville Twp., near Senneterre, Que. To earn an 80% interest in the Pershing Manitou, Rolartic, Eastville, a…
Pezim group drops Copper Canyon
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…
NEWS ROUNDUP — Republic converts gold loan
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…
Hemlo Gold takes option on Duquesne
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…
NEWS ROUNDUP — Ferrochrome plant subject of study
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…
Louvem plans rights offering to pay its share of Louvicourt
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…
NEWS ROUNDUP — Komis returns good grades for Waddy
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…
Goldpatch acquires numbered company
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…
Inco reports lower earnings
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…
STOCK MARKETS — Adrian financing provides funds for Panama
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…
Spot prices at a glance (November 02, 1992)
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…