Goldstack hits high-grade copper
Following an earn-in agreement with American Consolidated Mining (USOTC), Goldstack Resources (VSE) has intersected a wide zone of high-grade copper mineralization at the Yellowhammer property on the …
News
South of Lupin gold mine — Diamond play gains momentum
An area greater than the size of Prince Edward Island has been set aside for diamond exploration in the Northwest Territories since BHP-Utah Mines and Dia Met Minerals (VSE) discovered a diamondiferou…
Inco to explore massive sulphide near Prince Rupert
A spring work program is being planned by Inco (TSE) to test a polymetallic massive sulphide target on the newly optioned Pitt Island property 40 miles south of Prince Rupert, B.C. Two junior companie…
OBITUARY (January 20, 1992)
Noted mining engineer Philip Sydney Broadhurst died recently in Toronto. He was 79. Broadhurst graduated from Queen’s University in 1938 with a B.Sc. degree in mining engineering. After the Second Wor…
Northgate offering gets approval
Toronto-based Northgate Exploration (TSE) recently received final clearance for a previously announced rights offering. The company has set the exercise price at 80 cents or US69 cents for shareholder…
Spot prices at a glance (January 20, 1992)
Week’s Price (US) Change Gold* $355.60 + $5.30 Silver* $ 4.14 + $0.19 Platinum* $337.40 + $1.90 Nickel** $ 3.31 $0.00 Lead** $ 0.23 – $0.01 Copper $ 0.95 $0.00 Zinc $ 0.52 + $0.01 Courtesy of Scotiaba…
FUTURES PRICES (January 20, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 94.35 93.70 94.10 – 0.35 Feb 94.45 94.45 94.30 – 0.55 Mar 95.30 94.40 94.70 – 0.45 SILVER (in US cents per oz…
Environment, consolidation top mining industry issues
Mining companies will be setting aside a much larger portion of their budgets to cover reclamation costs and environment-related matters, according to a survey by Toronto accounting firm Peat Marwick …
TORONTO STOCK EXCHANGE INDICES (January 20, 1992)
Jan 14 Jan 13 Jan 10 Jan 9 Jan 8 High Low Composite 300 3634.98 3594.39 3593.39 3580.60 3515.64 4009.47 3009.91 Metals & Minerals3039.41 2972.56 2975.04 2998.40 2939.33 3453.06 2502.63 Integrated Mine…
Toronto Stock Exchange (January 20, 1992)
Vancouver resource giants Cominco and Teck teamed up with Aur Resources during the week ended Jan. 14 to provide financing for the $326-million copper-zinc project at Louvicourt Twp., Que. The agreeme…
EDITORIAL PAGE (January 20, 1992)
Many countries in South America have opened their doors to foreign investment in recent years. The experiments with socialism and totally state-owned enterprises have been modified, if not discarded, …
NEWS ROUNDUP (January 20, 1992)
New Zealand company Restech International says its Restech Canada Holdings Ltd. unit is set to acquire a 34% stake in Vancouver-based High River Gold Mines (TSE) from TVX Gold (TSE). In exchange for t…