PRODUCER PRICES (October 05, 1992)
ALUMINUM: MW U.S. market US58.25-58.75 cents per lb. (Sept. 10, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 19…
News
Expert cautions investors in Russia’s resource sector
Mining can be a high-risk business especially in the former Soviet Union, said Neil MacFarlane who addressed a small group at Queen’s University on Sept. 25, 1992. A study being carried out by him at …
LATIN AMERICA ROUNDUP — Arimetco in deal with Fischer-Watt
An option agreement to earn an 80% interest in the San Andres gold project in Honduras has been entered into by Arimetco International (TSE) with Fischer-Watt Gold (NASDAQ) of Reno, Nev. To earn its i…
Azco proceeding with Sanchez
Planning for the Sanchez oxide project is proceeding, with owner Azco Mining (VSE) recently hiring engineering consultant Davy McKee to provide all engineering, procurement and construction management…
Staking in Alberta for diamonds could rival Lac de Gras
The diamond rush in Alberta may soon rival the Northwest Territories play in terms of surface area if land acquisition continues at current levels. The Alberta land grab now covers an estimated 12 mil…
NEWS ROUNDUP — Dundee subsidiary exchanges shares
DCC Equities, a subsidiary of Dundee Bancorp (TSE), has sold 3,600,000 shares of Bethlehem Resources (TSE) and 2,527,382 shares of Rea Gold (TSE) to CMP Resources (ME) in exchange for 1,520,000 shares…
Noranda pulls out of eastern U.S.
Toronto-based Noranda Minerals has effectively curtailed exploration activities in the eastern half of the U.S. by putting the brakes on projects in Wisconsin and closing its small North Carolina offi…
San Andreas plans winter drilling
With the release of additional high-grade lead-zinc-silver values at its Prairie Creek property 300 miles west of Yellowknife, N.W.T., San Andreas Resources (VSE) announced plans to continue drilling …
Coal association cancels meeting
The coal industry is in such turmoil, the Calgary-based Coal Association of Canada has cancelled its Industry Outlook Symposium for October. A key speaker dropped out when his mining company failed an…
STOCK MARKETS — Market upset follows drop in dollar, rise in
The Toronto Stock Exchange went into a tailspin at the close of the week ended Sept. 29, as constitutional uncertainty and a related dip in the Canadian dollar put investors in a selling mood. The TSE…
Cheni to mine new Lawyers zone
Infill drilling on a recently discovered small but very high-grade oreshoot at the Lawyers property has prompted Cheni Gold Mines (TSE) to proceed with mining the zone in the fourth quarter. The Lawye…
LETTERS TO THE EDITOR — Broker-Dealers adhere to rules of
I was amazed by the lack of knowledge displayed by M.R. Brown in the article “Warding off penny dreadfuls” (T.N.M., Sept. 14/92). While I’ve never met Mr. Brown I would venture to guess he is an indiv…