METALS PRICES (June 15, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 9 June 8 June 5 June 4 June 3 Copper 1228.5-1229.5 1232-1233 1240-1241 1226-122…
Articles by Northern Miner Staff
FINANCING (June 15, 1992)
Arlo Res Ltd. – 700,000 shs offered @ 51 cents per sh. Golden Ring Res. – 500,000 units consisting of 1 sh and 2 wts offered @ $1.11 per unit. Intertech Minerals Corp. – 1,250,000 shs offered @ 18 cen…
PRODUCER PRICES (June 15, 1992)
ALUMINUM: MW U.S. market US60-61 cents per lb. (May 28, 1992). ANTIMONY: New York dealer US80-85 cents per lb. (May 21, 1992). BISMUTH: New York dealer US$2.40-2.65 per lb. (May 21, 1992). CADMIUM: Ne…
GOLD FUNDS (June 15, 1992)
BGR Central Net Value $7.98 $5.04 Price $5.88 $4.50 Discount 26.39% 10.70% Value $47,517,000 $75,709,350…
Asarco to close Idaho silver mine
The Galena silver mine in northern Idaho will be shut down July 26 and placed on a care-and-maintenance basis because of depressed silver prices, Asarco (NYSE) reports. About 215 employees will be aff…
Siddon speaks in support of Yukon mining industry
Placer and hard-rock miners face tougher land-use laws in a draft report which the federal northern development minister unveiled recently in the territory. Still, Tom Siddon, federal minister of Indi…
Drilling planned for Sustut project
An initial drilling program is set to commence at the Sustut gold-copper project in British Columbia, 190 km north of Smithers and 60 km south of the Kemess area, Beauchamps Exploration (VSE) and Skee…
Virginia Gold in option deal
An option agreement to earn a 100% interest in the Sagar III property in Quebec’s Labrador Trough has been finalized, Virginia Gold Mines (ME) reports. The junior says the property, 50 sq. km in size,…
NEWS IN BRIEF (June 15, 1992)
Applan Resources Ltd. (APL:VSE) has changed its name to Sultan Minerals Inc. (SUL:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis.
Echo Bay plans sale of convertible preferred shares
Gold producer Echo Bay Mines (TSE) has given notice to the U.S. Securities Exchange Commission of its intention to file a preliminary prospectus for the sale of US$100 million in convertible preferred…
Franklin awarded top medal twice at GAC-MAC meeting
(Staff) — The Duncan R. Derry Medal — the highest award that can be bestowed on a geoscientist in Canada — was given here twice recently to Jim Franklin of the Geological Survey of Canada (GSC). Th…
Inland Gold and Pegasus terminate proposed merger
Due to a lack of shareholder response, Inland Gold and Silver (NASDAQ) and Pegasus Gold (TSE) will not proceed with a previously proposed merger. Pegasus offered Inland shareholders the equivalent of …