PRODUCER PRICES (May 11, 1992)
ALUMINUM: MW U.S. market US61.75-62.75 cents per lb. (Apr. 23, 1992). ANTIMONY: New York dealer US78-82 cents per lb. (Mar. 26, 1992). BISMUTH: New York dealer US$2.50-2.70 per lb. (Mar. 26, 1992). CA…
News
Westar strike threatens mine
A labor strike at the Balmer coal mine in southeastern British Columbia threatens plans by Westar Mining (TSE) to restructure the company’s debt. Westar operates the Balmer and Greenhills open pit met…
Casa Berardi drill targets ready
Partners Cross Lake Minerals (VSE) and Glen Auden Resources (VSE) report that New Legends Metals has spent more than $100,000 on their claim package in the Casa Berardi region of northwestern Quebec. …
Judge convicts Silver Bar’s Gilson
Junior mining company Silver Bar Mines has been found guilty by a provincial court judge in North Bay, Ont. of filing a press release containing misrepresentations. Ronald Gilson, president and a dire…
TORONTO STOCK EXCHANGE INDICES (May 11, 1992)
May 5 May 4 May 1 Apr 30 Apr 29 High Low Composite “300”3364.53 3363.54 3357.06 3355.56 3338.37 4009.47 3009.91 Metals&Minerals 2971.46 2994.56 3002.35 3015.72 3011.14 3453.06 2502.63 Integrated Mines…
Shipes to try SX-EW at Caribou
A new management team led by Arimetco International (TSE) Chairman Roy Shipes has taken control of Breakwater Resources (TSE), after shareholders of Breakwater approved a debt restructuring plan. Ship…
Senior gold producers respond to Newmont Mining purchase
Newmont Mining believes the worst is over for gold and to prove it, North America’s biggest gold producer spent US$126 million during the week ended May 5 to buy 375,000 oz. of the yellow metal. The N…
EDITORIAL PAGE (May 11, 1992)
After 94 years, the Canadian Institute of Mining, Metallurgy and Petroleum is still capable of putting on a remarkable convention and annual meeting for its 12,000 members, but the institute has to gr…
Pegasus’ quarterly output jumps
A production record of 64,200 oz. gold was set by Pegasus Gold (TSE) for the 1992 first quarter, a 56% increase over the 41,100 oz. produced during the comparable 1991 period. The Spokane-based compan…
Gibraltar amends Newcoast agreement
The amendment to the property interest agreement between Newcoast Silver Mines (VSE) and Gibraltar Mines (TSE) clears the way for a 19,300-ft. diamond drilling program on the Gibraltar North zone this…
MINER DETAILS (May 11, 1992)
British Columbia’s mining industry and the New Democratic Party traditionally mix like oil and water. The two solitudes clashed when Dave Barrett took power in 1972, and it’s beginning to look like it…
Cominco Int’l seeks funds for refinery, Turkish project
In order to fund expansion plans at the Glenbrook nickel refinery and development work at a copper project in Turkey, Cominco Resources International (TSE) recently announced plans to raise $20 millio…