Metal Prices — FREE MARKET (October 26, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct. 20 Oct. 19 Oct. 16 Oct. 15 Oct. 14 Copper 1387-1388 1365-1367 1351-1352 1322-13…
News
Drilling continues at Fer property
Two holes have been completed on Canmine Resources’ (CDN) Fer property near Flin Flon, Man. The vertical holes, spaced 50 metres apart, intersected a massive sulphide zone at a depth of about 25 metre…
Homestake restructuring should save $25 million
By year-end, Homestake Mining (NYSE) expects to complete a major corporate restructuring which is expected to reduce its annual administrative and exploration expenses by more than $25 million beginni…
NEWS ROUNDUP — Zeitler moves in as Minnova chairman
Following the completion of the purchase of a control position in Minnova (TSE) by Metall Mining (TSE), Klaus Zeitler, president of Metall, was appointed chairman of Minnova. Metall purchased a 50.4% …
Kennecott funds drill program by Valerie near Fish Lake
A drill program by Valerie Gold Resources (VSE) will begin shortly on the Mega-Gold property in the Taseko River region of southern British Columbia. The property, just 1.5 miles from Taseko Mines’ Fi…
Beaufield consolidates shares
Toronto-based junior Beaufield Resources (TSE) has consolidated its common shares on a 10-for-1 basis and changed its name to Beaufield Consolidated Resources. The new company has been granted a listi…
Minieres du Nord to drill Le Tac West
A 1,500-metre drill program is planned by Explorations Minieres du Nord (ME) on its 42 claim Le Tac West property 160 km northeast of Amos Que. The program, slated to commence within the next few week…
LATIN AMERICA ROUNDUP — Cambior takes on Mexican project
A recently signed definitive agreement gives Cambior (TSE) the right to earn a 50% interest in the Suaqui Verde copper project in northern Mexico owned by Azco Mining (TSE). The property hosts a large…
Dundee subsidiary proposes merger
Dundee Bancorp (TSE) says its wholly owned U.S. subsidiary Dundee Bancorp International has proposed a merger with Avalon Corp. and Zemex Corp. whereby Avalon and Zemex would become subsidiaries of Du…
Siderock showings in Manitoba
Reporting encouraging showings this past summer from its Bissett area gold claims in Manitoba was private company Siderock Gold. The company says sampling grades ran up to 39 grams gold per tonne and …
Lac boosts loan by US$100 million
A US$70 million, 5-year loan to Lac Minerals (TSE) has been increased to US$170 million. The new loan, arranged with a syndicate of Canadian and international banks led by N.M. Rothschild and Sons, wi…
INSIDER REPORT — Jordex president adds to holdings
President Brian Hinchcliffe of Jordex Resources (TSE) was an active buyer of his company’s stock in August, purchasing 35,000 shares at 80-85 cents to hold one million directly and 1.23 million indire…