Others’ Words (August 17, 1992)
Mining companies in Ontario need to have confidence in the price forecasting ability of Ontario Hydro and on the availability of competitively priced electricity. From the 1950s to the 1980s, the util…
News
Metal Prices — FREE MARKET (August 17, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug. 11 Aug. 10 Aug.7 Aug. 6 Aug. 5 Copper 1308-1309 1293-1294 1307-1308 1319-1320 1…
GOLD FUNDS (August 17, 1992)
BGR Central Net Value $8.34 $5.02 Price $7.50 $4.85 Discount 10.08% 3.40% Value $49,657,000 $81,597,855…
Westmin trims quarterly loss
Although still not out of the red, Westmin Resources (TSE) is continuing to pare losses stemming from its mining operations in British Columbia. The Vancouver-based company posted a net loss of $2.54 …
Pipeline gold reserves up 30%
An updated reserve estimate released by Placer Dome (TSE) for the Pipeline gold deposit at its 60% owned Cortez joint venture property in Nevada shows a 30% increase in contained gold. The deposit is …
TSE Short Positions (August 17, 1992)
Semi-monthly reports as of July 31, showed 29,588,606 shares of 560 issues compared with 26,202,288 shares of 573 issues on July 15. Larger individual positions included: Aber Res. 63,400; Altex Res. …
11 (August 17, 1992)
Chase Res. Corp. – 1,300,000 units offered @ $2.50 per unit. Stormin Res. Inc. – 1,500,000 shs offered, price to be announced.
Promising Gibraltar assays
Additional assay results were released by Gibraltar Mines (TSE) from its recently completed 25-hole drilling program on the Gibraltar mine property near McLeese Lake, B.C. The drilling program covers …
Western pulls out from Jones Hill
The recent withdrawal of Western Mining from the Jones Hill joint venture came as a surprise to Champion Resources (VSE) which is currently seeking advice from its lawyers because of the unexpected de…
Low-cost operation predicted by Antilles for Big Croppings
Based on a recent in-house feasibility study, Antilles Resources (VSE) predicts it will be able to produce gold for a cash cost of US$146 per oz. from the Big Croppings vein on its newly optioned Chic…
Kennecott options Galena Giant
A unit of Kennecott is about to start a drill program on the Galena Giant project, a “Sullivan-style” stratiform, lead-zinc-silver target on the Idaho-Montana border about 12 miles northeast of the fa…
Izok opening up the North
The challenge of further exploring and developing the Izok Lake, Hood River and Gondor massive sulphide properties in Canada’s far north appears to be off to a strong start. Faced with the reality of …