Spot prices at a glance (December 14, 1992)
Week’s Price (US) Change Gold* $333.40 – $1.70 Silver* $ 3.71 – $0.05 Platinum* $363.50 + $2.00 Nickel** $ 2.53 $0.00 Lead** $ 0.21 $0.00 Copper $ 0.99 + $0.01 Zinc $ 0.48 $0.00 Courtesy of Scotiabank…
News
Cameco to assess gold prospect in Kirghizstan
A gold deposit in the southeastern, mountainous region of the Republic of Kirghizstan has drawn the attention of Cameco (TSE). The Saskatoon-based company says it signed an agreement with the prime mi…
LETTERS TO THE EDITOR — B.C. needs `prospector’s
In the article “NDP killing mining” (T.N.M., Nov. 16/92), M.R. Brown points out that the New Democratic Party is hurting mining in Ontario and British Columbia. However, he did credit Ontario with pro…
Central Crude plans two more holes
The fifth hole of a 5-hole drilling program at the Moss Lake project in northwestern Ontario cut a 62.3-ft. section grading 0.054 oz. gold per ton, Central Crude (TSE) reports. The program was designe…
Tri Origin placement
Toronto-based Tri Origin Exploration (TSE) has raised at least $550,000 through a private placement of 440,000 units at $1.25 per unit, the company reports. Each unit consists of one common share and …
Increased sales boost Cyprus quarterly earnings
Increased sales of produced copper at higher prices enabled Cyprus Minerals (NYSE) to report a 36% increase in net earnings for its 1992 third quarter from the comparable period a year earlier. The Co…
Fischer-Watt option agreement amended
An option agreement entitling Fischer-Watt Gold (NASDAQ) to purchase the interest of Compania Minerales de Copan S.A. de C.V. in a gold-mining property in Honduras has been amended, Milner Consolidate…
Barrick’s Carlin reserves growing
Exploration by American Barrick Resources (TSE) along the northern Carlin Trend in Nevada continues to expand the company’s gold reserves at a phenomenal rate. Brian Meikle, Barrick’s senior vice-pres…
PEOPLE — BEAUFIELD CONSOLIDATED RESOURCES
Leslie Redford appointed director. N5…
NEWS ROUNDUP — Tiomin raises $3.2 million
Toronto-based Tiomin Resources (ME) has completed negotiations to raise at least $3.2 million through a private placement of special warrants to institutional investors. The special warrants will enti…
Temporary shutdown at Sa Dena Hes mine
In order to further decrease its inventory of lead-zinc concentrates, Curragh (TSE) plans to close its Sa Dena Hes mine in the Yukon from Dec. 2 until Jan. 6, 1993. The Sa Dena Hes mine produces 12,00…
Louvicourt development continues
Development work at the Louvicourt base metal deposit near Val d’Or, Que., is right on schedule, says Aur Resources (TSE) Executive Vice-President Howard Stockford. Cost of the work program for the Lo…