Asamera becomes private company
Shareholders of Asamera Minerals (TSE) recently voted in favor of a proposal to privatize the company effective Aug. 1. Minority shareholders will receive $1.40 per common share under the terms of the…
News
METAL PRICES — FREE MARKET (August 10, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug. 4 Aug. 3 July 31 July 30 July 29 Copper 1298-1299 1293-1294 1340-1341 1308-1309…
TORONTO STOCK EXCHANGE INDICES (August 10, 1992)
Aug 4 Aug 3 July 31 July 30 July 29 High Low Composite”300″3426.04 N/A 3443.42 3425.63 3424.62 4009.47 3009.91 Metals&Minerals 3050.08 N/A 3076.69 3069.92 3081.65 3453.06 2502.63 Integrated Mines3211….
NEWS IN BRIEF; West Pride changes course, moves into granite
A planned reverse takeover of West Pride Industries (VSE) will result in a change in the company’s principal business. West Pride reached an agreement in principle to purchase all the outstanding shar…
Potash Corp. boosts income
Increased earnings and lower output of potash was reported by Potash Corp. of Saskatchewan (TSE) during the second quarter and first half of 1992. The Saskatoon-based company produced 900,412 tonnes d…
LATIN AMERICA — Aruba drilling cuts low grade
Generally disappointing assay results were received from the drilling of five separate target areas on the gold project of Monte Carlo Gold Mines (ASE) and Auromar Development (VSE) on the Caribbean i…
Mine tailings and their removal
While the metallurgist has accomplished technical marvels — recovering upward of 85-90% of the valuable minerals from low-grade ores — he has also created a mountain of a problem; namely, millions o…
LATIN AMERICA — Region’s stock markets perform well
Six of the world’s top 10 performing (in terms of price appreciation) stock markets in 1991 were based in Latin American countries, says an International Financial Corp. report. Heading the list were …
Mexico offers mineral diversity
Mexico has the oldest post-Columbian mining tradition in the Western Hemisphere, beginning with the establishment of the first iron foundry in the state of Veracruz in 1519. Historically, silver has b…
Newmont Gold output on target
Gold production of 796,700 oz. was reported by Newmont Gold (NYSE) for the first half of 1992, compared with 792,700 oz. for the same period last year. Targeted gold production for 1992 is 1.6 million…
Westar losses on the rise
Troubled coal producer Westar Mining (TSE) reported a loss of $9.3 million for the three months ended June 30, which pushes the company’s loss for the first six months of the year to $15.7 million. We…
Geddes offering
Hoping to raise up to $2 million through a rights offering is Geddes Resources (TSE). Shareholders of record on Aug. 6 may purchase an additional common share at 55 cents per share for each eight shar…