Editorial Page (June 08, 1992)
Pity the officers and directors of Consolidated Professor Mines. Their efforts since 1973 to make a mine in northwestern Ontario came tantalizingly close to fruition in 1989 but since then have been t…
News
Fischer-Watt sells stake in Hayden Hill property
In a move to eliminate its long-term debt, Fischer-Watt Gold (NASDAQ) recently agreed to sell its 5% net operating profit royalty in the Hayden Hill property to Amax Gold (NYSE) for about US$3 million…
Lockwood program cut short
After drilling the fourth hole of this year’s drilling program, Kennecott opted to suspend drilling operations on the Lockwood property near Everett, Wash. Kennecott can earn a 51% interest in the pro…
Spot prices at a glance (June 08, 1992)
Week’s Price (US) Change Gold* $339.85 + $1.40 Silver* $ 4.09 – $0.01 Platinum* $376.75 + $11.25 Nickel** $ 3.35 0.00 Lead** $ 0.24 + $0.01 Copper $ 1.01 0.00 Zinc $ 0.64 0.00 Courtesy of Scotiabank. …
Quebec juniors find financing is scarce
While the outlook for mining in Quebec this year is bleak, the long-term future of mining exploration in Quebec remains promising, says Michel Bouchard, president of the Association des Prospecteurs d…
Drilling tests Vaughan gold project
Assay results are now being reported from a diamond drill program on the Vaughan project where Avondale Resources (VSE) and Candela Resources (VSE) are each earning a 25% interest from associated comp…
INSIDER TRADING (June 08, 1992)
The president of Aur Resources (TSE), Jim Gill, recently moved into the market to buy up a block of shares just above the 52-week low of $1.93. According to the Ontario Securities Commission OSC Bulle…
New Canamin options Kennecott ground
A recently completed agreement gives New Canamin Resources (VSE) the right to acquire a 100% interest in the Huckleberry and Whiting Creek copper deposits owned by Kennecott. The two deposits are abou…
Northgate selling shares in MSV
An approximate 33% ownership interest in MSV Resources (ME) is being sold by Northgate Exploration (TSE) in a deal which subsequently involves directly and indirectly several junior companies. Nova-Co…
OBITUARY (June 08, 1992)
James Albert Pike James Albert Pike, a past president of the British Columbia & Yukon Chamber of Mines, died May 23 in Vancouver. Born in Humboldt, Sask., in 1906, Pike graduated from the University o…
Agnico affiliate keeps location of diamond find secret
The companys stock recently reached a new high of $2.35 before falling back to $1.85, compared with a 52-week low of 15 cents. Although Sudbury Contact declined to comment on the exact location of the…
METALS MARKETS (June 08, 1992)
Base metal markets are exhibiting signs that the long downturn may be nearing an end. Scrap generation is low and any pickup in demand must draw on relatively small inventories in producers’ hands and…