Cradle Mountain raises $100,000
Vancouver-based Cradle Mountain Canada (ASE) has completed a private placement of 1.06 million shares at 10 cents per share. Proceeds of the transaction will be used for working capital and to pay out…
News
Black Swan settles dispute
A dispute between Black Swan Gold Mines (TSE) and Goldbelt Resources (TSE) over an option to acquire a 50% earn-in interest in certain mining properties in the Republic of Russia and the Republic of K…
GUEST COLUMN (January 06, 1992)
It may be tempting to view smugly the demise of communism in the USSR as inevitable, but we are faced with a more insidious battle within Canada over the property rights of individuals. We have experi…
Champion Bear raises drilling fund
Champion Bear Resources (ASE) has raised $605,000 for ongoing drilling at its One Man Lake gold-base metal prospect near Kenora, Ont. The company raised the funds by selling flow-through common shares…
Alberta Stock Exchange (January 06, 1992)
A quiet holiday week followed a difficult year for mining stocks on the exchange. None of the issues saw more than 100,000 shares change hands for the week ended Dec. 30., while most traded less than …
Vancouver Stock Exchange (January 06, 1992)
The end of 1991 capped a year dominated by “shooting stars,” issues whose share prices peaked on great expectations only to be slammed to the basement when prospects fizzled. Eurus Resource and Thios …
Sikaman gold to buy placer mine
In keeping with plans to shift its focus toward North America, Sikaman Gold Resources (TSE) is set to purchase and develop the Sol Wood placer gold mine in California as soon as financing is available…
Reynolds opens mine in Guyana
Reynolds International, a unit of Reynolds Metals (NYSE), and the government of Guyana recently celebrated the startup of their joint enterprise, Aroaima Bauxite. Aroaima hosts more than 25 million to…
Battle zone gives second success at Westmin’s Myra
Ongoing drilling by Westmin Resources (TSE) is returning more encouraging results from the Gap-Battle zone area of the Myra Falls mine property near Campbell River, B.C. Westmin produces copper and zi…
FUTURES PRICES (January 06, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 98.30 97.40 97.70 0.00 Feb 98.20 98.20 98.05 + 0.25 Mar 99.10 98.10 …. SILVER (in US cents per oz.) Jan 385…
Metal Prices (January 06, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 31 Dec 30 Dec 27 Dec 26 Dec 25 Copper NA 1165-1166 NA NA NA Lead NA 295-296 NA N…
Producer Prices (January 06, 1992)
ALUMINUM: MW U.S. market US50.75-51.25 cents per lb. (Dec. 19, 1991). 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). CAD…