Spot prices at a glance (June 22, 1992)
Week’s Price (US) Change Gold* $342.10 + $4.25 Silver* $ 4.11 + $0.05 Platinum* $369.25 + $2.00 Nickel** $ 3.24 + $0.01 Lead** $ 0.25 $0.00 Copper $ 1.04 + $0.01 Zinc $ 0.59 – $0.07 Courtesy of Scotia…
News
STOCK MARKETS (June 22, 1992)
Markets were mixed during the period ended June 16, but a bright spot was gold managing to edge above US$340 per oz. to finish at the US$342 level. The Vancouver Stock Exchange resource index closed u…
GOLD FUNDS (June 22, 1992)
BGR Central Net Value $8.07 $5.03 Price $6.38 $4.60 Discount 21.01% 8.50% Value $48,056,000 $77,391,780…
TORONTO STOCK EXCHANGE INDICES (June 22, 1992)
June 16 June 15 June 12 June 11 June 10 High Low Composite “300” 3407.27 3409.77 3407.98 3385.37 3368.63 4009.47 3009.91 Metals&Minerals 3168.64 3174.53 3196.97 3182.40 3170.99 3453.06 2502.63 Integra…
MINER DETAILS (June 22, 1992)
Whether we’re ready or not, a global economy will be a reality of the next decade and century. And in this world of interdependence hurtling toward us, those that can’t accommodate cultural and social…
Springhill puts warm water to use
The town of Springhill, N.S., is living up to its name. As many as 400 gallons per minute (gpm) of warm water are being drawn from the town’s infamous, and now derelict, coal mine. There are plans to …
LETTER TO THE EDITOR (June 22, 1992)
We miners use little land, and we use it wisely and carefully. However, we need access to vast areas to find the rare geological occurrences we call “commercial ore deposits.” These “ore deposits” con…
Matachewan awaits verdict in tailings trial
Unable to afford a lawyer to defend himself or his company against charges related to an October, 1990, tailings spill in northeastern Ontario, Matachewan Consolidated Mines (TSE) President Richard Mc…
Bethlehem sees Goldstream progress
The Goldstream underground copper mine near Revelstoke, B.C., is expected to show improved results over the coming year. In operation since its reactivation in May, 1991, the mine produced 21.6 millio…
PEOPLE (June 22, 1992)
Norm Bonin appointed director and president.
Petrina hands in resignation, Placer Dome seeks new CEO
The board of Placer Dome (TSE) is seeking a new president and chief executive officer to replace Tony Petrina who recently announced he will resign in mid-September. A mining engineer, Petrina rose th…
Enviable Ontario safety record enviable injury rate
Ontario’s Mining Week, June 1-7, was overshadowed by the explosion at the Westray coal mine of Curragh Inc. in Nova Scotia that killed 26 miners a month earlier. The disaster focused attention on Onta…