Others’ Words (August 17, 1992)
Mining companies in Ontario need to have confidence in the price forecasting ability of Ontario Hydro and on the availability of competitively priced electricity. From the 1950s to the 1980s, the util…
News
Pipeline gold reserves up 30%
An updated reserve estimate released by Placer Dome (TSE) for the Pipeline gold deposit at its 60% owned Cortez joint venture property in Nevada shows a 30% increase in contained gold. The deposit is …
Porgera ups Placer Dome output
A new quarterly record for gold production was set by Placer Dome (TSE), which turned out a total of 505,000 oz. for its most recent quarter ended June 30. But the company’s latest operating results s…
QPA convention set for Val d’Or
Theme of this year’s Quebec Prospectors Association convention, scheduled for Sept. 16-18 in Val d’Or, Que., is “Exploring in Quebec?”, with the focus on evaluating the future of mining exploration in…
Casino drilling yields wide copper-gold intersections
Drilling on the Casino copper-gold project in southern Yukon returned a number of wide intersections for owners Casino Silver Mines (VSE) and Big Creek Resources (VSE). Big Creek is earning a 50% work…
NEWS ROUNDUP — Columbia encouraged by drilling
The first hole drilled this season by Columbia Gold Mines (VSE) on the Spectrum gold property in the Iskut River area of British Columbia returned an 8.5-ft. intersection grading 1 oz. gold per ton fr…
NEWS ROUNDUP — Coleraine sample tested overseas
Encouraging results have been received from metallurgical tests carried out in Germany on a sample from the Hall chromite deposit at Thetford Mines, Que., Ressources Minieres Coleraine (ME) reports. T…
NEWS ROUNDUP — Bethlehem drills Rain property
Copper-zinc producer Bethlehem Resources (TSE) recently started a limited drilling program at its Rain property in the hopes of finding additional mill feed for its 50% owned Goldstream mine near Reve…
Spot prices at a glance (August 17, 1992)
Week’s Price (US) Change Gold* $346.50 – $6.40 Silver* $ 3.89 + $0.01 Platinum* $368.75 – $8.60 Nickel** $ 3.28 – $0.06 Lead** $ 0.30 $0.00 Copper $ 1.14 + $0.01 Zinc $ 0.62 + $0.01 Courtesy of Scotia…
STOCK MARKETS — Lac de Gras rumors refuel activity of
Diamond stocks proved to be the only bright lights in an otherwise gloomy and lethargic Toronto market during the week ended Aug. 11. Fuelled by rumors of drilling and sampling on the BHP-Dia Met join…
STOCK MARKETS — Dia Met gains on word of second pipe
Further slippage on gold bullion markets provided little help to western markets during the period ended Aug. 11, with the metal losing more than US$6 to finish at US$346.80 per oz. The Vancouver Stoc…
Metal Prices — FREE MARKET (August 17, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug. 11 Aug. 10 Aug.7 Aug. 6 Aug. 5 Copper 1308-1309 1293-1294 1307-1308 1319-1320 1…