Westmin closing Stewart mine
Full-scale operations at the Premier Gold project near Stewart, B.C., will be closed by June 30 of this year. Operator Westmin Resources (TSE) plans to continue exploring the area, and will continue m…
News
TSE STOCK EXCHANGE INDICES (May 04, 1992)
Composite “300” 3337.92 3326.45 3349.69 3371.47 3367.75 4009.47 3009.91 Metals&Minerals 2977.67 2976.85 2990.12 2991.22 2989.13 3453.06 2502.63 Integrated Mines 3160.78 3163.38 3176.46 3178.68 3176.07…
GOLD FUNDS (May 04, 1992)
Gold Funds as of Apr. 28 BGR Central Net Value $7.54 $4.99 Price $6.00 $4.400 Discount 20.41% 11.8% Value $44,887,000 $74,026,920…
Casa Berardi Est mine suspended
Operations at the Casa Berardi Est gold mine of TVX Gold (TSE) in northwestern Quebec were suspended recently after about 12,000 cubic metres of overburden flowed into the underground mine through a f…
NEWS IN BRIEF (May 04, 1992)
Delta Star Resources Inc. (DLS:VSE) has changed its name to Accord Financial Corp. with a consolidation of capital on a 1-new-for-5-old-share basis.
Dessir grabs headlines after salting scam reported
Western markets continued a prolonged slide during the week ended Apr. 28. The VSE composite index closed down 16.02 points at 615.20 while the resource index managed a more modest loss of 3.28 points…
GUEST COLUMN (May 04, 1992)
I can’t recall a more scary period of government mineral policy development in British Columbia than the month of March, 1992. Early in the month, the British Columbia government changed legal counsel…
Former president of Sumac fights government lawsuit
A cyanide spill at the former Union mine near Grand Forks, B.C., has left Robert Seraphim fighting charges and a suit brought against him by the province of British Columbia. Sumac Ventures operated a…
FINANCING (May 04, 1992)
Ventex Resources Corp – 1,500,000 shs offered @ 10 cents per sh.
Asarco forms new divisions
Two operations consolidations were announced recently by Asarco (NYSE). The large copper producer has merged its Amarillo copper refinery and El Paso copper smelter, both in Texas, to form its Southwe…
Spot prices at a glance (May 04, 1992)
Week’s Price (US) Change Gold* $334.75 – $3.55 Silver* $ 3.94 – $0.05 Platinum* $340.75 – $0.85 Nickel** $ 3.38 – $0.01 Lead** $ 0.24 $0.00 Copper $ 1.00 $0.00 Zinc $ 0.62 + $0.02 Courtesy of Scotiaba…
Industry must move faster, Bacon warns
Canada’s mining industry must move faster if it wants to compete in new global markets which demand high-quality metals at competitive prices. That was the nub of a speech Quebec Energy Minister Lise …