GOLD FUNDS (April 20, 1992)
BGR Central Net Value $7.59 $5.03 Price $5.75 $4.40 Discount 24.24% 12.5% Value $45,193,000 $74,026,920…
News
FINANCING (April 20, 1992)
Waseco Resources Inc – 675,000 shs offered @ 42 cents per sh. Azco Mining Inc – 2,750,000 units consisting of 1 sh and 1 wt offered @ $2.36 per unit.
Chile well established as top copper producer
Chile is the worlds largest producer and exporter of copper, accounting for 22% of the Western worlds total production, and about 23% of the worlds copper reserves. Based on planned production statist…
FMC to develop lithium mine
Development of a lithium deposit in Bolivia is planned by FMC (NYSE), subject to ratification of an exploration and development plan by the Bolivian government. FMC estimates a cost to production of b…
Correction (April 20, 1992)
A letter to the editor, “Cooling trend is on its way” (T.N.M., Mar. 30/92) contained an incorrect address. The letter writer, Jack Sauers, resides in Seattle, Wash.
PEOPLE (April 20, 1992)
Dianne Brin, Robert Lachance and Kelly Shane Montalban appointed directors.
Minerals boost Brazilian economy
Significant changes in Brazils economic and political structures are taking place at this time as a new administration under Fernando Collor, the first president to be elected by popular vote in 29 ye…
Bolivia less reliant on tin mining
Bolivia has a long mining tradition. The country produces gold, tin, zinc, silver, antimony, lithium and lead. For decades, tin mining has been the mainstay of the Bolivian economy. Recently, internat…
NEWS IN BRIEF (April 20, 1992)
HLX Resources Ltd. (HL:VSE) has changed its name to Emperor Gold Corp. (EMR:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis.
MINER DETAILS; Diamond find won’t help mining
The recent rush to find diamonds in Canada’s far north is fun, but it really isn’t what Canada’s mining industry needs today. The money being spent finding the makings of future diamond rings would be…
Spot prices at a glance (April 20, 1992)
Week’s Price (US) Change Gold* $339.60 + $2.10 Silver* $ 4.10 + $0.01 Platinum* $348.50 + $0.50 Nickel** $ 3.35 – $0.01 Lead** $ 0.24 $0.00 Copper $ 0.99 – $0.01 Zinc $ 0.59 + $0.01 Courtesy of Scotia…
Mine closures outstrip openings
Mine closures outnumbered openings in Canada by almost 2:1 last year as low metal prices and flat markets battered mineral producers nationwide. According to Energy, Mines and Resources Canada, 33 min…