ANNUAL REPORT REVIEW (June 15, 1992)
Public mining companies have considerable experience preparing a key section of an annual report called “management’s discussion and analysis of financial condition and results of operations” (MD&A). …
News
LATIN AMERICA (June 15, 1992)
A recently signed agreement between Orvana Minerals (VSE) and Noranda (TSE) will result in the two companies exploring for porphyry copper-gold deposits in Chile under a 40-60 joint venture. An initia…
Gold Giant to fund Noranda exploration
Over the next five years Gold Giant Minerals (VSE) plans to fund a $3-million exploration program operated by Noranda Exploration on the Snoball property in northwestern British Columbia. The project …
Base metal prices show improvement
The metal and mineral sub-index rose but the overall commodity price index of Scotiabank dropped in April. The all-items index was off by 1.5% after six consecutive monthly increases. Higher prices in…
Spot prices at a glance (June 15, 1992)
Week’s Price (US) Change Gold* $337.85 – $2.00 Silver* $ 4.06 – $0.03 Platinum* $367.25 – $9.50 Nickel** $ 3.23 – $0.12 Lead** $ 0.25 + $0.01 Copper $ 1.03 + $0.02 Zinc $ 0.66 + $0.02 Courtesy of Scot…
MINER DETAILS (June 15, 1992)
When Wood Gundy decided it was going to open its doors to the media more than it had in the past, it picked a tough issue to start off with. Analysts at the usually secretive brokerage firm invited fu…
Drilling planned for Spectrum
Prospective joint venture partners are being welcomed by Columbia Gold Mines (VSE) to tour the company’s Spectrum gold project in northwestern British Columbia, and the Tillicum Mountain gold project …
PRODUCER PRICES (June 15, 1992)
ALUMINUM: MW U.S. market US60-61 cents per lb. (May 28, 1992). ANTIMONY: New York dealer US80-85 cents per lb. (May 21, 1992). BISMUTH: New York dealer US$2.40-2.65 per lb. (May 21, 1992). CADMIUM: Ne…
GOLD FUNDS (June 15, 1992)
BGR Central Net Value $7.98 $5.04 Price $5.88 $4.50 Discount 26.39% 10.70% Value $47,517,000 $75,709,350…
Redfern plans Tulsequah program
Following the purchase of the remaining 60% interest in the Tulsequah Chief property, owner Redfern Resources (TSE) plans to begin a $1.5-million exploration program on the northwestern British Columb…
Ontex looks for new partner after Placer drops out of deal
Vancouver-based Placer Dome (TSE) has dropped out of a plan to earn a 60% stake in the Brookbank gold property from Ontex Resources (ASE), almost nine months after signing a letter of intent. Ontex Vi…
Asarco to close Idaho silver mine
The Galena silver mine in northern Idaho will be shut down July 26 and placed on a care-and-maintenance basis because of depressed silver prices, Asarco (NYSE) reports. About 215 employees will be aff…