NEWS IN BRIEF (May 11, 1992)
Premier Gold Resources Inc. (PGL:VSE) has changed its name to Cryptic Ventures Inc. (CYV:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Pacific Corporate …
Articles by Northern Miner Staff
NDP is simply anti-mining
Despite the rhetoric and sweet talk flowing from the Bob Rae-Bob White administration ostensibly wooing business, I saw absolutely nothing in the recent Ontario throne speech that could possibly encou…
PEOPLE (May 11, 1992)
David Townley appointed president; David Birkenshaw, James Beatty, Greg Bowes, David Hall, David Knight, Frank Lang and David Townley appointed directors.
Spot prices at a glance (May 11, 1992)
Week’s Price (US) Change Gold* $336.75 + $2.00 Silver* $ 4.07 + $0.13 Platinum* $352.65 + $11.90 Nickel** $ 3.35 – $0.03 Lead** $ 0.24 $0.00 Copper $ 0.99 – $0.01 Zinc $ 0.63 + $0.01 Courtesy of Scoti…
Canmine acquires Mexican gold bet
Canmine Resources (CDN) has agreed to acquire a 100% interest in the Moctezuma gold property in Chihuahua, Mexico. The property contains two high-grade gold showings, including a 40-ft.-wide quartz ve…
1991 probably peak year for Golden Giant gold mine
Gold production at the low-cost Golden Giant mine of Hemlo Gold Mines (TSE) in northern Ontario probably peaked in 1991 at 443,400 oz., according to the Noranda (TSE) controlled company. Hemlo Preside…
METAL PRICES (May 11, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 5 May 4 May 1 Apr 30 Apr 29 Copper 1231-1232 NA 1233-1234 1242-1243 1245-1246 Le…
Royal Oak to reopen Hope Brook with government loans,
The recent acquisition of the Hope Brook gold mine in southwestern Newfoundland means Peggy Witte will probably end 1992 with more frequent flyer miles than any other Canadian mining executive. The ha…
Equity’s unbroken string of profits intact despite dwindling
With reserves at its open pit silver mine near Houston, B.C., expected to be depleted this summer, Equity Silver Mines (TSE) is left reviewing its future. The mine originally opened in the third quart…
Westar strike threatens mine
A labor strike at the Balmer coal mine in southeastern British Columbia threatens plans by Westar Mining (TSE) to restructure the company’s debt. Westar operates the Balmer and Greenhills open pit met…
Casa Berardi drill targets ready
Partners Cross Lake Minerals (VSE) and Glen Auden Resources (VSE) report that New Legends Metals has spent more than $100,000 on their claim package in the Casa Berardi region of northwestern Quebec. …
Judge convicts Silver Bar’s Gilson
Junior mining company Silver Bar Mines has been found guilty by a provincial court judge in North Bay, Ont. of filing a press release containing misrepresentations. Ronald Gilson, president and a dire…