Black Swan settles dispute
A dispute between Black Swan Gold Mines (TSE) and Goldbelt Resources (TSE) over an option to acquire a 50% earn-in interest in certain mining properties in the Republic of Russia and the Republic of K…
News
GUEST COLUMN (January 06, 1992)
It may be tempting to view smugly the demise of communism in the USSR as inevitable, but we are faced with a more insidious battle within Canada over the property rights of individuals. We have experi…
Corona announces plans to merge Prime, Stikine
Minority shareholders of Stikine Resources will have the opportunity in early 1992 to tender their shares to International Corona (TSE) in exchange for preferred shares of Corona at $70 per share. The…
Montreal Exchange (January 06, 1992)
Daily trading volumes plummeted during the holiday-shortened week ended Dec. 30, but both the general market portfolio index and the mining and minerals index soared. The former gained 51.6 points and…
Northgate offering delayed for now
Toronto-based Northgate Exploration (TSE) has delayed its rights offering and the terms of the offering may change. The company says the offering has not received the anti- cipated final regulatory ap…
Platinova samples zinc-rich gossan
Chip samples taken from a gossan (oxidized, sulphur-rich rock) in West Greenland have returned up to 43.5% zinc for joint venture partners Platinova Resources (TSE) and RTZ Exploration, a unit of RTZ …
Cambior, Kimex review Porcupine
Partners Cambior (TSE) and Kimex Resources (ME) are planning a “preliminary economic evaluation” of the Porcupine gold property near Rouyn-Noranda, Que., after receiving results from four holes drille…
Cradle Mountain raises $100,000
Vancouver-based Cradle Mountain Canada (ASE) has completed a private placement of 1.06 million shares at 10 cents per share. Proceeds of the transaction will be used for working capital and to pay out…
1991 — A Look Back (January 06, 1992)
Low metal prices and a nation-wide recession shattered central Canada’s once vibrant mining sector in 1991. As mines closed, balance sheets bled and exploration geologists fled to more hospitable envi…
Bema to float convertible deb
Subject to regulatory approval, Yorkton Securities has agreed to complete a brokered private placement of up to $9 million in convertible debentures for Bema Gold (TSE). The debentures pay 8% and are …
NEWS ROUNDUP (January 06, 1992)
A production record was set by Minerex Resources (TSE) for the quarter ended Nov. 30. The company reports third-quarter gold production of 12,770 oz. from its 50% owned Aurora Partnership mine near Ha…
Spot prices at a glance (January 06, 1992)
Week’s Price (US) Change Gold* $353.40 – $ 6.00 Silver* $ 3.86 – $0.04 Platinum*$334.20 – $5.65 Nickel**$ 3.25 $0.00 Lead** $ 0.24 – $0.01 Copper $ 0.98 $0.00 Zinc $ 0.53 $0.00 Courtesy of Scotiabank….