PRODUCER PRICES (June 15, 1992)
ALUMINUM: MW U.S. market US60-61 cents per lb. (May 28, 1992). ANTIMONY: New York dealer US80-85 cents per lb. (May 21, 1992). BISMUTH: New York dealer US$2.40-2.65 per lb. (May 21, 1992). CADMIUM: Ne…
News
GOLD FUNDS (June 15, 1992)
BGR Central Net Value $7.98 $5.04 Price $5.88 $4.50 Discount 26.39% 10.70% Value $47,517,000 $75,709,350…
Redfern plans Tulsequah program
Following the purchase of the remaining 60% interest in the Tulsequah Chief property, owner Redfern Resources (TSE) plans to begin a $1.5-million exploration program on the northwestern British Columb…
Ontex looks for new partner after Placer drops out of deal
Vancouver-based Placer Dome (TSE) has dropped out of a plan to earn a 60% stake in the Brookbank gold property from Ontex Resources (ASE), almost nine months after signing a letter of intent. Ontex Vi…
Asarco to close Idaho silver mine
The Galena silver mine in northern Idaho will be shut down July 26 and placed on a care-and-maintenance basis because of depressed silver prices, Asarco (NYSE) reports. About 215 employees will be aff…
Siddon speaks in support of Yukon mining industry
Placer and hard-rock miners face tougher land-use laws in a draft report which the federal northern development minister unveiled recently in the territory. Still, Tom Siddon, federal minister of Indi…
STOCK MARKETS (June 15, 1992)
Shares of SouthernEra Resources and Aber Resources shot up to new highs during the week ended June 9, as more companies moved into the Northwest Territories to stake claims around Lac de Gras and beyo…
Robex set to buy Bateman copper project in Quebec
Quebec exploration company Robex Resources (ME) is negotiating to acquire a controlling stake in its 25% owned Bateman Twp. property in Chibougamau, Que., after releasing results from a 9-hole drill p…
Drilling planned for Sustut project
An initial drilling program is set to commence at the Sustut gold-copper project in British Columbia, 190 km north of Smithers and 60 km south of the Kemess area, Beauchamps Exploration (VSE) and Skee…
Central Crude considering deep drilling at Moss Lake
More diamond drilling is under consideration for the large-tonnage, low-grade Moss Lake gold deposit of Tandem Resources (ME) and Storimin Exploration (ASE) which is under option to Central Crude (TSE…
Flag cuts Sudbury-type alteration
Calgary-based Flag Resources (ASE) says preliminary drill results from the Wanapitei anomaly northeast of Sudbury, Ont., indicate that the company’s first hole is enriched with elements associated wit…
Competitiveness major issue for mining industry
Canada’s prosperity will be seriously undermined unless action is taken to improve the country’s competitive position in mining and other industry sectors, Noranda Chairman Keith Hendrick told delegat…