NEWS ROUNDUP — Larche buys Moneta stake
A control block of stock owned by Trans-Dominion Energy Corp. of Calgary has been acquired by John Larche of Timmins, Moneta Porcupine (TSE) announced. Martin Hall and Thomas Vukovich resigned from th…
News
STOCK MARKETS — Gold issues hard hit by abrupt end to price
Gold stocks added some volatility to an otherwise sluggish Toronto market during the week ended Aug. 18. Gold fell to a new yearly low before bouncing back slightly to US$336.10 per oz. in London. The…
Spot prices at a glance (August 24, 1992)
Week’s Price (US) Change Gold* $338.60 – $7.90 Silver* $ 3.80 – $0.09 Platinum* $347.75 – $21.00 Nickel** $ 3.26 – $0.02 Lead** $ 0.29 – $0.01 Copper $ 1.16 + $0.02 Zinc $ 0.62 $0.00 Courtesy of Scoti…
PRODUCER PRICES (August 24, 1992)
ALUMINUM: MW U.S. market US60-61 cents per lb. (Aug. 6, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CADMIUM: …
OBITUARY — W.L. Brown
William Lester (Bill) Brown, a keen field geologist who rose to become general manager of Noranda Exploration and a vice-president of Noranda Mines, died recently in Toronto. He was 81. Born in Brantf…
EDITORIAL PAGE — Paying for the privilege
It’s standard practice for those interested in doing exploration in unfamiliar political jurisdictions to do some preliminary research into the area. Who owns the mineral resources? Who gives out pros…
Three rivals vie for Nova-Cogesco’s $5-million in cash
Cash-rich Nova-Cogesco Resources (TSE) has become the object of a bidding war between a health care company operating out of Texas, a west coast gold explorer, and a Toronto-based mining company. Vanc…
San Andreas returns high lead-zinc values
Additional assay results from drilling on the Prairie Creek mine property in the Northwest Territories under option to San Andreas Resources (VSE) continue to confirm the high-grade nature of the proj…
Gold bulls like volatility despite price decline
Optimistic analysts surveyed by The Northern Miner during the last gold rally (T.N.M., July 20/92) are maintaining bullish forecasts even in the wake of a recent decline that lopped US$13 off the gold…
Cambior, Aurizon to restart Sleeping Giant in early ’93
The Sleeping Giant gold project in northwestern Quebec will be placed back into production next year by Cambior (TSE) and Aurizon Mines (TSE). The property, 50 miles north of Amos, was operated by Aur…
LETTERS TO THE EDITOR — MP’s pension jackpot shows plan
When Bloc Quebecois MP Jean Lapierre decided to retire from politics recently, he hit the MP pension jackpot. At the ripe old age of 36, Lapierre can retire in the happy knowledge that he will likely …
Hemlo will fund Moss Lake work
Toronto-based Hemlo Gold Mines (TSE), in full charge of Central Crude (TSE), will finance further surface drilling this fall on the latter’s Moss Lake gold project in northwestern Ontario, its new pre…