1992

Gold Funds (December 28, 1992)

Gold Funds as of Dec. 22 BGR Central Net Value $8.12 $5.18 Price $6.25 $4.60 Discount 23.01% 11.2% Value $46,266,000 $77,391,780…


STOCK MARKETS — South American gold projects spark

Bullish reports emerging from Canadian projects in South America, specifically from Venezuela and its neighbor Guyana, sparked investor interest on The Toronto Stock Exchange during the week ended Dec…


METALS MARKETS — Metals markets in unsettled state

World trade in metals continues to be disorderly. Potential mining properties are being placed on hold because of declining markets and onerous government approval regulations. Returns on existing pro…


School of Mines in Haileybury marks 80th year

A dinner was held recently to commemorate the 80th anniversary of the Haileybury School of Mines in Haileybury, Ont. Among the 90 participants was guest speaker John Gammon, assistant deputy minister …


Dundee offer (December 28, 1992)

An offer for each of the outstanding common shares of Dundee Capital it does not already own will be made by Dundee Bancorp (TSE). Dundee Bancorp, which will offer $7.45 per share, currently has an ap…


Coleraine negotiates ferrochrome deal

An agreement to produce ferrochrome in Quebec is being negotiated with Ege Metal Endustrie A.S. of Turkey, Ressources Minieres Coleraine (ME) reports. A large producer of chromite, Ege is a consortium…


Industry’s future focus of symposium

The eighth Mineral Economics Symposium, titled Mining 2001 — A Canadian Odyssey, is set for Jan. 21 in Toronto. Organizing the symposium, which is dedicated to those concerned about where the industr…


Uranium output in Western World declines

If the conclusions of a report by the Uranium Institute of London are anything to go by, Canada’s uranium miners will see a vibrant future unfolding in the years ahead. The report is a store of statis…


PRODUCER PRICES (December 28, 1992)

ALUMINUM: MW U.S. market US54-55 cents per lb. (Dec. 11, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…


More about diamonds (December 28, 1992)

Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. and Alberta After five months of negotiations, DHK Resources — owned equally by Dentonia Resources (V…


Spot prices at a glance (December 28, 1992)

Week’s Price (US) Change Gold* $332.50 – $2.40 Silver* $ 3.70 – $0.01 Platinum* $359.50 – $3.25 Nickel** $ 2.64 + $0.04 Lead** $ 0.21 $0.00 Copper $ 1.02 + $0.02 Zinc $ 0.48 $0.00 Courtesy of Scotiaba…


Metal prices in sharp decline

The metal and mineral sub-index of Scotiabank’s commodity price index suffered another sharp decline in November. After improving earlier in the year, the sub-index has fallen below the previous low i…