METAL PRICES — FREE MARKET (October 12, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct. 6 Oct. 5 Oct. 2 Oct. 1 Sept. 30 Copper 1322-1323 1313-1314 1331-1332 1319-1320 …
Articles by Northern Miner Staff
Glimmer maintains Beatty-Hislop stake
A private placement has increased Glimmer Resources’ (VSE) issued shares to 2.1 million and raised enough money for the company to maintain its 40% interest in the Beatty-Hislop gold project in northe…
TSE SHORT POSITIONS (October 12, 1992)
Semi-monthly reports as of September 30 showed 28,399,927 shares of 560 issues compared with 28,383,779 shares of 566 issues on September 15. Larger individual positions included: Aber Res. 50,200, do…
NEWS IN BRIEF (October 12, 1992)
Hedley Pacific Mining Corp. Ltd. (HED:VSE) has changed its name to Hedley Pacific Ventures Ltd. (HED:VSE) with no consolidation in capital. The transfer agent is Montreal Trust.
Amax, Coral encouraged by Robertson intercepts
Assay results were released by Coral Gold (VSE) from the latest round of drilling on the Robertson joint venture gold property at Crescent Valley, Nev. Three of five holes drilled by partner Amax Gold…
Starmin, Adonos commence drilling
Drilling is under way at the Asia Pacific copper-gold property on the Philippine island of Negros, joint venture partners Starmin Mining (TSE) and Adonos Resources (TSE) report. The program is aimed a…
Nevada major U.S. gold producer
Nevada accounts for 60% of gold produced in the U.S. and about 9% of world production, according to the Nevada Bureau of Mines and Geology. In 1991, the state produced 5.8 million oz. gold worth US$2….
Alaskan venture plans exploration
A joint venture formed by several parties will spend US$4 million during the next two years on exploration for gold, silver, lead, and zinc near Fairbanks, Alaska. Involved in the venture are Sumitomo…
Copper smelter won’t be built
A copper smelter planned for Texas City, Tex., will not be constructed by Mitsubishi Materials Corp. of Japan. Estimated cost of the facility, first announced by Mitsubishi’s U.S. subsidiary Texas Cop…
U.S. REPORT — Newmont acquires Atlas properties
Denver-based Newmont Mining (NYSE) has acquired the mining rights to two properties owned by Atlas Gold (NYSE). They are the Grassy Mountain property in Malheur Cty., Ore., and the Musgrove Creek prop…
U.S. REPORT — Cons. Nevada boosts production
Denver-based Consolidated Nevada Goldfields (TSE) increased its production and lowered its costs during the fiscal year ended June 30. Production from its two gold mines reached 28,132 oz. in 1992, up…
Garden Lake to issue shares
A placement of 600,000 units at 23 cents each has been announced by Garden Lake Resources (VSE). Each unit consists of one common share and one-half warrant. Redemption of one warrant plus 30 cents on…