Spot prices at a glance (June 22, 1992)
Week’s Price (US) Change Gold* $342.10 + $4.25 Silver* $ 4.11 + $0.05 Platinum* $369.25 + $2.00 Nickel** $ 3.24 + $0.01 Lead** $ 0.25 $0.00 Copper $ 1.04 + $0.01 Zinc $ 0.59 – $0.07 Courtesy of Scotia…
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TORONTO STOCK EXCHANGE INDICES (June 22, 1992)
June 16 June 15 June 12 June 11 June 10 High Low Composite “300” 3407.27 3409.77 3407.98 3385.37 3368.63 4009.47 3009.91 Metals&Minerals 3168.64 3174.53 3196.97 3182.40 3170.99 3453.06 2502.63 Integra…
Lack of new information hurts Lac de Gras players
Without any hard information to feed on, Toronto Stock Exchange issues involved in the Lac de Gras diamond play lost some momentum during the week ended June 16. Nervous investors have been told not t…
Minnova evaluates RFC property
An underground drilling program at the Pend Oreille zinc-lead property in Washington state of RFC Resource Finance (TSE) should be completed in July, President David Watkins said at the annual meeting…
Flow-through revival proposed for mining exploration
Flow-through shares provided the best form of financial aid to Quebec’s mining industry in the past and the tax shelter should be fully re-instated, concludes a study by a Montreal geologist and lawye…
Wharf deal frees up Golden Reward reserves
A settlement agreement allowing Wharf Resources (TSE) to purchase a 60% interest in the Golden Reward mine from MinVen Resources (TSE) will free up several million tons of reserves for further develop…
GUEST COLUMN (June 22, 1992)
The value of polymetallic deposits, for many purposes, is best measured by the Net Smelter Return (NSR) per tonne. NSR is the revenue from the sale of mineral products, minus off-site processing and d…
Mining Week deferred in N.W.T.
A strike at the Giant gold mine of Royal Oak Mines at Yellowknife, N.W.T., has led to a suspension of Mining Week activities in the Northwest Territories. Activities were planned for June 15-20. “The …
FINANCING (June 22, 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…
NEWS IN BRIEF (June 22, 1992)
Iron King Mines Inc. (IRK:VSE) has changed its name to Coriente Resources Inc. (CTQ:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
Soquem, Campbell in option deal
Soquem, the Quebec crown exploration company, has signed an agreement to earn a 50% stake in half the land surfaces covered by Meston Lake Resources’ Chibougamau and Joe Mann properties. Both are owne…
METAL PRICES (June 22, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 16 June 15 June 12 June 11 June 10 Copper 1222-1223 1223-1224 1224-1225 1220-12…