Spot prices at a glance (January 20, 1992)
Week’s Price (US) Change Gold* $355.60 + $5.30 Silver* $ 4.14 + $0.19 Platinum* $337.40 + $1.90 Nickel** $ 3.31 $0.00 Lead** $ 0.23 – $0.01 Copper $ 0.95 $0.00 Zinc $ 0.52 + $0.01 Courtesy of Scotiaba…
News
Princeton files plan for Cassiar
Pursuant to the Companies’ Creditors Arrangement Act, Princeton Mining (TSE) has filed a reorganization plan with the British Columbia Supreme Court for the company’s wholly owned subsidiary, Cassiar …
FUTURES PRICES (January 20, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 94.35 93.70 94.10 – 0.35 Feb 94.45 94.45 94.30 – 0.55 Mar 95.30 94.40 94.70 – 0.45 SILVER (in US cents per oz…
Nymex withdraws from project
The New York Mercantile Exchange (Nymex) says it has withdrawn from a project to consolidate the operations of four commodity exchanges in New York City. Nymex’s board of directors cited economic cond…
EDITORIAL PAGE (January 20, 1992)
Many countries in South America have opened their doors to foreign investment in recent years. The experiments with socialism and totally state-owned enterprises have been modified, if not discarded, …
Arimetco Int’l invests in Bolivian zinc mine
Arimetco International (TSE) has reached an agreement to acquire a 52% interest in the Andacaba zinc-lead-silver mine near the city of Potosi, Bolivia. The current owners of the mine have recently tak…
Hemlo, Crude differences cloud Eagle River project
The immediate future of the Eagle River gold project at Mishibishu Lake, Ont., has been clouded by the differing aspirations of owners Hemlo Gold Mines (TSE) and Central Crude (TSE). Having written do…
South of Lupin gold mine — Diamond play gains momentum
An area greater than the size of Prince Edward Island has been set aside for diamond exploration in the Northwest Territories since BHP-Utah Mines and Dia Met Minerals (VSE) discovered a diamondiferou…
Goldstack hits high-grade copper
Following an earn-in agreement with American Consolidated Mining (USOTC), Goldstack Resources (VSE) has intersected a wide zone of high-grade copper mineralization at the Yellowhammer property on the …
U.N. Earth Summit
The 1992 United Nations Conference on Environment and Development will be held in June in Rio de Janiero. Ken McCready of coal producer TransAlta Utilities will be the spokesman for Canada’s mining in…
Placer buys Alban shares
A winter program of diamond drilling will begin in early 1992 on the Mitzi project 11 miles from Placer Dome’s (TSE) Mt. Milligan copper-gold deposit north of Prince George, B.C. Placer recently exerc…
Barrick, Newmont discuss Post deal
Major North American gold producers and Carlin Trend neighbors Newmont Mining (NYSE) and American Barrick Resources (TSE) are talking again, but not about a corporate merger. Newmont Chairman Gordon P…