Goldstack plans follow-up work
A new management team at Goldstack Resources (VSE) is hoping it will be able to follow up on favorable drilling results from its Yellowhammer copper-oxide property on the Utah-Nevada border. Encouragi…
News
STOCK MARKETS — Summer doldrums make for quiet western
Western markets remained relatively quiet during the holiday-shortened week ended Aug. 4, with the Vancouver Stock Exchange composite index gaining 1.91 points to finish at the 580 level and the resou…
FINANCING (August 10, 1992)
Swannell Minerals Corp. – 2,250,000 shs offered @ 40 cents per sh. Chase Res. Corp. – 1,300,000 units offered @ $2.50 per unit. Stormin Res. Inc. – 1,500,000 shs offered, price to be announced.
GOLD FUNDS (August 10, 1992)
BGR Central Net Value $8.55 $5.08 Price $7.50 $4.85 Discount 12.26% 4.50% Value $50,888,000 $81,597,855…
NEWS IN BRIEF (August 10, 1992)
Redwood Resources Inc. (RDW:VSE) has changed its name to Trooper Explorations Ltd. (TPP:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
LATIN AMERICA — Tuina running smoothly: Mahogany
Startup troubles at the Tuina copper mine in northern Chile, which went into operation in March, have been rectified, International Mahogany (TSE) reports. Direct operating costs at the project, which…
Castle Mountain turns profit in three months since startup
Commercial production at the Castle Mountain gold mine in eastern California was established in early April of this year, just six weeks after startup. It was good news for operator and 75% owner Vice…
IOC’s 5-week shutdown first in almost a decade — Weak demand
For the first time in almost a decade, The Iron Ore Company of Canada has scheduled downtime at its Labrador City operation because of weak demand for its products. About 1,500 workers were sent home …
METAL PRICES — FREE MARKET (August 03, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 28 July 27 July 24 July 23 July 22 Copper 1320-1321 1327-1328 1340-1341 1342-13…
Golden Rule, Hixon in agreements
Joint venture agreements between affiliates Golden Rule Resources (TSE) and Hixon Gold (VSE) have paved the way for further exploration on the Graveyard and Nation River projects in British Columbia. …
PEOPLE — CALIFORNIA GOLD MINES
John McQuaid appointed president and chief executive officer.
PRODUCER PRICES (August 03, 1992)
ALUMINUM: MW U.S. market US59.50-60.00 cents per lb. (Jul. 16, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…