Goldstack plans follow-up work
A new management team at Goldstack Resources (VSE) is hoping it will be able to follow up on favorable drilling results from its Yellowhammer copper-oxide property on the Utah-Nevada border. Encouragi…
Articles by Northern Miner Staff
STOCK MARKETS — Summer doldrums make for quiet western
Western markets remained relatively quiet during the holiday-shortened week ended Aug. 4, with the Vancouver Stock Exchange composite index gaining 1.91 points to finish at the 580 level and the resou…
FINANCING (August 10, 1992)
Swannell Minerals Corp. – 2,250,000 shs offered @ 40 cents per sh. Chase Res. Corp. – 1,300,000 units offered @ $2.50 per unit. Stormin Res. Inc. – 1,500,000 shs offered, price to be announced.
GOLD FUNDS (August 10, 1992)
BGR Central Net Value $8.55 $5.08 Price $7.50 $4.85 Discount 12.26% 4.50% Value $50,888,000 $81,597,855…
NEWS IN BRIEF (August 10, 1992)
Redwood Resources Inc. (RDW:VSE) has changed its name to Trooper Explorations Ltd. (TPP:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
LATIN AMERICA — Tuina running smoothly: Mahogany
Startup troubles at the Tuina copper mine in northern Chile, which went into operation in March, have been rectified, International Mahogany (TSE) reports. Direct operating costs at the project, which…
Sulphide nickel mines become more expensive
The competitive advantage enjoyed by nickel producers of sulphide deposits has eroded in recent years in favor of laterite operations, and a surge in costs in Canada must take a large part of the blam…
EDITORIAL PAGE — We all sink or swim
When Price Waterhouse talks mining, people listen. For the past 24 years, the firm has summarized the financial results and economic impacts of British Columbia’s mining industry, and its annual repor…
Correction (August 10, 1992)
Contrary to what was reported in the July 20 issue of The Northern Miner, Royal Gold (NASDAQ) was never a minority partner in the Cortez joint venture currently exploring the Pipeline gold deposit in …
Falconbridge drilling at White Star
Shares of White Star Copper Mines (CDN) broke through the $1 mark in active trading on growing speculative interest in the current drilling being carried out by Falconbridge on the company’s small but…
Joint venture for Haile project
New partners Piedmont Mining (NASDAQ) and Amax Gold (NYSE) recently signed a definitive joint venture agreement for the Haile property near Kershaw, S.C. Amax announced the purchase of a 67.5% interes…
LATIN AMERICA — Kalahari active in Mexico
More than US$440,000 has been spent by a unit of Kennecott during the past 18 months on exploration of the lead-zinc-silver Parranda Manto project at Chihuahua, Mex., Kalahari Resources (VSE) reports….