GOLD FUNDS (January 04, 1993)
BGR Central Net Value $7.95 $5.04 Price $6.25 $4.50 Discount 21.42% 10.7% Value $45,301,000 $75,709,350.
News
1992 — A LOOK BACK — Cambior active in northwestern Quebec
Val d’Or, Que.-based Cambior (TSE), which is developing another gold property in northwestern Quebec, recently announced its involvement in a pair of underground exploration base metal programs in the…
1992 — A LOOK BACK — Big tab for Martel inquiry
Government documents have shown that the 2-month inquiry this year into statements by Ontario’s Northern Development and Mines Minister Shelley Martel over a Sudbury doctor’s billing practices cost On…
1992 — A LOOK BACK — Save Our North springs into action
A grassroots mining campaign from northern Ontario captured the attention of many in 1992, and in particular that of the provincial government. Premier Bob Rae, Mines Minister Shelley Martel and other…
1992 — A LOOK BACK — New mining projects create job
Six new mines were opened and six former producers were reactivated across Canada in 1992. The mining projects created or saved 1,131 jobs, according to the federal department of Energy, Mines and Res…
1992 — A LOOK BACK — Westray inquiry postponed
In the early hours of May 9, a gas explosion that left behind lethal concentrations of methane ripped through the Westray coal mine, killing 26 miners. After the blast, rock fall obstructed access int…
PRODUCER PRICES (January 04, 1993)
ALUMINUM: MW U.S. market US57-58 cents per lb. (Dec. 25, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…
Study in progress for La Colorada
Proceeds of $552,000 received by Eldorado (VSE) from an initial public offering will be combined with revenue from gold sales to further advance the La Colorada gold project near Hermosillo, Mexico. E…
1992 — A LOOK BACK — Lupin anniversary
A major Canadian gold mine — Lupin in the Northwest Territories — celebrated its 10th anniversary in 1992. The Lupin mine, operated by Echo Bay Mines (TSE), has produced more than 1.72 million oz. g…
Placer exercises USMX option
Mining giant Placer Dome (TSE) recently announced plans to exercise its option to purchase a block of ground adjacent to its Bald Mountain property in Nevada from USMX (NASDAQ). The option covers USMX…
BOOK BRIEFS (January 04, 1993)
Mine and Mill Equipment and Supplies 1993: An Estimator’s Guide to Costs. Published by Western Mine Engineering, Inc. P.O. Box 9008, Spokane, Wash. 99209. Price: US$240. This 150-page report quotes cu…
PEOPLE — INTERTECH MINERALS (January 04, 1993)
Dafydd Goronwy-Roberts and Victor Taylor appointed directors.