Placer to explore ground near the Kerr property
An aggressive work program for 1992 is being planned by Placer Dome (TSE) for a newly acquired land package near its Kerr copper-gold deposit in the Iskut River region of north-western British Columbi…
News
Southern Peru to invest US$300m
Southern Peru Copper Corp. (SPCC) will proceed with a US$300-million capital investment program after settling a dispute with he Peruvian government over investment recovery contracts. Under the terms…
Red Rock drills confirm Mexican project reserves (January 27, 1992)
Australia company Walhalla Mining and 62% owned Red Rock Mining (VSE) say reverse circulation drilling on the Amelia gold property in Mexico has confirmed reserves established by the property’s previo…
PRODUCER PRICES (January 27, 1992)
ALUMINUM: MW U.S. market US51.25-51.75 cents per lb. (Jan. 2, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADM…
METAL PRICES (January 27, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 21 Jan 20 Jan 17 Jan 16 Jan 15 Copper 1190-1191 1207-1208 1209-1210 1220-1222 12…
Proposal would limit arsenical dust exposure
Arsenic’s toxic nature had been known for centuries but it wasn’t until mid-Victorian times that its virulence came to be universally recognized. The mineral somehow found its way into the working man…
Montreal Exchange (January 27, 1992)
Resource issues were in favor the week ended Jan. 21, when the mining and minerals index jumped by more than 44 points. The general market portfolio index headed the other way, closing down by almost …
NEWS ROUNDUP; NEWS ROUNDUP
Financially beleaguered Breakwater Resources (TSE) and Banque Indosuez are seeking to restructure the terms and conditions of the Swiss franc bonds issued by Breakwater in 1987. Banque Indosuez is act…
GOLD FUNDS (January 27, 1992)
BGR Central Net Value $8.60 $5.08 Price $7.50 $4.550 Discount 12.75% 10.4 Value $51,182,000 $76,550,565…
FINANCING (January 27, 1992)
GHZ Resource Corp – 600,000 shs offered @ 20 cents per sh. Rome Resources Ltd – 600,000 shs offered @ 37 cents per sh.
TORONTO STOCK EXCHANGE INDICES (January 27, 1992)
Composite 300 3620.44 3655.67 3658.29 3665.96 3656.72 4009.47 3009.91 Metals & Minerals3111.62 3200.40 3235.89 3238.87 3131.15 3453.06 2502.63 Integrated Mines 3346.43 3446.52 3485.56 3492.33 3363.62 …
Western Mining in major search for ore reserves
Exploration near its producing properties has the highest priority in fiscal 1991-92 for large Australian mining company Western Mining Corporation Holdings. “Half of the exploration expenditure this …