Spot prices at a glance (December 21, 1992)
Week’s Price (US) Change Gold* $334.90 + $1.50 Silver* $ 3.71 $0.00 Platinum* $362.75 – $0.75 Nickel** $ 2.60 + $0.07 Lead** $ 0.21 $0.00 Copper $ 1.00 + $0.01 Zinc $ 0.48 $0.00 Courtesy of Scotiabank…
Articles by Northern Miner Staff
Two-phase exploration program proposed for Task property
A 2-phase exploration program has been proposed for the Task property held by Pioneer Metals (TSE) in the Taseko Lake area of southern British Columbia. The company reported that a recent reconnaissan…
Freewest to drill Matagami area gold property
Montreal junior Freewest Resources (ME) has started drilling on Golden Tag Resources’ (VSE) Verneuil township gold property southeast of Matagami, Que. The Verneuil property is owned 60% by Golden Tag…
Acadia moving office to U.S.
The depressed state of the mineral exploration business in Canada is pushing Acadia Mineral Ventures (TSE) south of the border. The junior, owned 55.5% by Hecla Mining Co. of Canada, says it has decid…
GOLD FUNDS (December 21, 1992)
Gold Funds as of Dec. 15 BGR Central Net Value $7.95 $5.10 Price $6.25 $4.55 Discount 21.41% 10.8% Value $45,514,000 $76,550,565…
LATIN AMERICA — Venezuela attracts gold explorers
Despite two failed coup attempts in recent months, Venezuela is continuing to attract attention from mining companies keenly interested in the South American country’s undeveloped mineral potential. T…
Anglo American, Jordex talking
Talks took place recently between Jordex Resources (TSE) and Anglo American of South Africa regarding the latter’s offer to acquire a majority interest and control of the Loma de Hierro nickel laterit…
Exall, Barrick in Mexican deal
An agreement has been signed between Exall Resources (TSE) and American Barrick Resources (TSE) permitting the former to search for gold-mining properties in Mexico. The agreement is for one year and …
Funds available for granite studies
A pair of companies will receive financing from the Northern Ontario Heritage Fund Corp. to conduct feasibility studies on granite deposits, the Ontario government agency announced. Mantiou Stone (Can…
Skyline hires Placer executive
A former executive of Placer Dome (TSE) was recently appointed as a managing consultant to Skyline Gold (TSE), a Vancouver-based junior which owns the Johnny Mountain gold mine in northwestern British…
NEWS IN BRIEF (December 21, 1992)
Golden Peaks Resources Ltd. (GL:VSE) has changed its transfer agent to Montreal Trust Co.
NEWS ROUNDUP — Silver Century to explore for gold
Silver Century Explorations (ASE) a member of the Agnico-Eagle group of companies, has raised $100,000 to fund gold exploration programs in northwestern Quebec. Agnico-Eagle Mines (TSE) provided the f…