Miners downplay Guyana emergency’
Mining companies with properties in Guyana say they aren’t concerned about the recent postponement of local elections following allegations that the ruling Peoples National Congress Party (PNC) had ri…
News
Uranium price continues to fall
The price of uranium continued to decline, with dealer Nukem recording a November bid-offer price range for U3O8 of US$6.75-7.70 per lb. The mineral began 1991 priced below US$10. The current prices a…
Dominion shares
A numbered Alberta company has purchased, pending regulatory filings, 29.4 million subordinate-voting shares and 6,250 B shares of Dominion Explorers (TSE) from Landmark Corp. for $200,000 in cash. Th…
FUTURES PRICES (January 13, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 95.30 94.40 94.45 – 3.25 Feb 95.15 94.85 94.85 – 3.20 Mar 96.10 95.10 95.15 …. SILVER (in US cents per oz.)…
Kennecott buying Ridgeway interest
The renegotiation of a purchase option on the Ridgeway mine in South Carolina prompted Kennecott to increase its interest in the operation to 100% from 52% by exercising a right of first refusal. Gala…
Breakwater aims to reverse losses
A loss of $3.6 million was reported by Breakwater Resources (TSE) for its 1991 third quarter ended Sept. 30, which brings losses for the first nine months of the year to $16 million. The company is co…
Unlisted Trading (January 13, 1992)
Topping the list of most active issues for the week ended Jan. 7 was Horne Fault Mines, which gained 20 cents to close at 50 cents. The junior is hoping to start up a slag processing operation in Neva…
TVX director seller prior to price fall
TVX Gold (TSE) director Nigel Lees recently sold a portion of his holdings in the Toronto-based gold-silver miner at a substantial premium on the recent market price. In November, according to the Ont…
Golden Ring begins drilling
Field personnel and drill equipment were recently mobilized to the Bellas Gate property in Jamaica to test two advanced porphyry copper-gold targets and a new copper-gold-silver discovery. The project…
Westmin expands Battle zone
Ongoing drilling by Westmin Resources (TSE) is expanding the newly discovered Battle zone on the company’s Myra Falls mine property near Campbell River, B.C. The company recently obtained a fourth “sp…
Cameco exploration focus on gold, uranium
Uranium producer Cameco (TSE) plans to match last year’s exploration budget of $10-12 million in 1992, according to The Source, Cameco’s employee newsletter. While most of the money will be spent in N…
Cal Graphite shares
Cal Graphite (VSE), owner of a graphite project north of Huntsville, Ont., said it has agreed to sell 1.1 million common shares to Lindner Fund, an investment company based in St. Louis, Mo. The selli…