Gold transactions in U.S. in decline
Gold resource transactions in the U.S. in 1991 dropped for the fourth year in a row, reports Colorado consulting firm Balfour Holdings. Last year, 58 transactions were completed, the lowest level sinc…
News
MINER DETAILS — Studies, studies and more studies
Mining companies hoping to bring a new mine on stream in British Columbia must go through three stages of the province’s mine development review process before getting the final go-ahead. If the proje…
FINANCING (August 03, 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.
NEWS IN BRIEF (August 03, 1992)
A numbered Ontario company has purchased a 51.9% interest in Kayorum Gold Mines (CDN) from Labrador Exploration and Mining. Intending to reactivate Kayorum as an exploration company, 792843 Ontario ac…
Steen elected Homestake president
Large gold producer Home-stake Mining (TSE) has a new president. Peter Steen moves from the president’s chair at International Corona (TSE), which has been taken over by Homestake, to the position of …
Aur options Morgain properties
Aur Resources (TSE) has taken an option on Morgain Minerals’ (VSE) base metal properties in New Hampshire. Under the agreement, Aur can earn a 60% interest in the Higgins, Milan, Paddock and New Hamps…
Production to resume at Van Stone zinc mine
A recent improvement in zinc prices has prompted Equinox Resources (TSE) to prepare the Van Stone zinc mine for renewed production. The 60% owned mine is in northeastern Washington state, south of Com…
Int’l. Platinum
Shareholders of International Platinum (TSE) recently approved a private placement in the amount of $380,625, the funds to be used for working capital and continued assessment of three platinum proper…
Metal prices are stronger
Metal prices improved in June but the all-items commodity price index of Scotiabank dropped slightly. Oil and gas and agricultural prices also rose, but were offset by a decline in the forest product …
LETTERS TO THE EDITOR — New light on Sudbury-type rocks
Sudbury-type (nickel-cobalt) mineralization associated with extensive albitization in Mackelcan Twp., northeast of Sudbury, Ont., was reported by Flag Resources (T.N.M., June 15/92). Noted was the enr…
Spot prices at a glance (August 03, 1992)
Week’s Price (US) Change Gold* $358.20 + $1.10 Silver* $ 3.94 – $0.02 Platinum* $374.00 – $3.90 Nickel** $ 3.37 – $0.05 Lead** $ 0.29 – $0.01 Copper $ 1.14 – $0.03 Zinc $ 0.61 – $0.01 Courtesy of Scot…
Zinc price boosts Brunswick profit
Record production and higher zinc prices provided the impetus for earnings of $11.5 million (29 cents per share) in the second quarter for Brunswick Mining and Smelting (TSE). The net income represent…