Zinc continues upward movement (May 25, 1992)
Except for zinc, first-half May average metal prices continued to be swayed by ongoing uncertainty with worldwide political and economic events. Questions regarding future export levels from the forme…
News
Diamonds offer sparkle to a lacklustre market (May 25, 1992)
Shrinking share values pushed the Vancouver Stock Exchange composite and resource indices lower during the week ended May 19. The composite index finished off 2.88 points at 612.83, while the resource…
Diamonds verified in Dia Met sample ignite N.W.T. play (May 25, 1992)
Gem-quality diamonds recovered from a kimberlite pipe in the Lac de Gras region of the Northwest Territories indicate that Dia Met Minerals (VSE) and BHP-Utah Mines may be sitting on Canada’s first di…
Canadians well represented at mining trade show in Chile (May 25, 1992)
An incredible 27,000 people filed through the gates at this city’s Parque Cerrilos recently for ExpoMin ’92, one of the largest mining trade shows in the world. Some 85 Canadian companies were among t…
El Condor to raise $6 million (May 25, 1992)
The placement of 1.5 million units at $4 per unit is expected to raise about $6 million for El Condor Resources (VSE). The company plans to use the funds for work on its 60% owned South Kemess copper-…
Quarterly loss for Cyprus after corporate reorganization (May 25, 1992)
A reorganization of the company’s affairs helped push Cyprus Minerals (NYSE) into the red for the first quarter ended March 31, 1992. The company reported a loss of US$5 million for the period on reve…
Others’ Words (May 25, 1992)
For several years, Canada’s mineral industry (excluding oil and natural gas) has accounted for an average of about 4.7% of Canada’s GDP, over 3% of total national employment and 18-19% of total Canadi…
NEWS ROUNDUP (May 25, 1992)
A surface exploration program is being planned by Teck (TSE) for its recently optioned Mount Alcock project, 23 km from Ware in northern British Columbia. The major elected to exercise an option to ea…
Northern Crown looks to Mexico (May 25, 1992)
Gold and copper oxide targets are being actively sought by Northern Crown Mines (VSE) in Mexico, which the company believes is largely unexplored by modern techniques. At its Anita property in souther…
BCSC seeks to appeal Pezim case (May 25, 1992)
The British Columbia Securities Commission intends to ask the Supreme Court of Canada for leave to appeal a provincial court decision which recently overturned its finding that Murray Pezim and severa…
Wharf acquiring stake in Reward mine (May 25, 1992)
The chairman of Wharf Resources (TSE) says the company had an outstanding year in 1991. “Production is up, costs are down and potential for the property is excellent,” Robert McEwen said. “Negotiation…
Aber and Tyler active on diamond sample news (May 25, 1992)
Investors caught a dose of diamond fever during the week ended May 19 after BHP-Utah confirmed the existence of gem-quality stones on the Dia Met Minerals property in the Lac de Gras, N.W.T., area. Ne…