TORONTO STOCK EXCHANGE INDICES (June 01, 1992)
May 26 May 25 May 22 May 21 May 20 High Low Composite”300″3382.30 3370.31 3372.15 3358.05 3381.21 4009.47 3009.91 Metals&Minerals 3046.84 3018.31 3027.60 3030.43 3061.98 3453.06 2502.63 Integrated Min…
News
Spot prices at a glance (June 01, 1992)
Week’s Price (US) Change Gold* $338.45 + $1.00 Silver* $ 4.10 + $0.02 Platinum*$365.50 + $5.75 Nickel** $ 3.35 + $0.04 Lead** $ 0.23 0.00 Copper $ 1.01 0.00 Zinc $ 0.64 + $0.01 Courtesy of Scotiabank….
Mining companies cut costs to weather lower metal prices
Mining companies the world over are battening down the hatches to weather low metal prices, as rising costs are further eroding their shrinking revenues. One of the most extreme examples comes from Co…
War Eagle drilling Mexican prospect
An additional 10,000 ft. of reverse circulation drilling was recently started at the La Blanca property in Chihuahua, Mexico. War Eagle Mining (VSE), owner of the property, is attempting to further de…
NEWS IN BRIEF (June 01, 1992)
Musto Explorations Ltd. (MUX:VSE) has changed its name to International Musto Explorations Ltd. (IMZ:VSE) with a consolidation of capital on a 1-new-for-20-old-share basis.
Westmin pares quarterly loss
Productivity improvements at the Myra Falls mine enabled Westmin Resources (TSE) to achieve its best quarterly results in seven quarters, a net loss of $3.23 million for the 1992 first quarter compare…
GOLD FUNDS (June 01, 1992)
BGR Central Net Value $7.92 $5.04 Price $6.13 $4.65 Discount 22.62% 7.70% Value $47,127,000 $78,232,995…
St. Philips share options lapse
An option to purchase 500,000 shares of St. Philips (VSE) at $3 per share recently lapsed after Rio Algom (TSE) declined to proceed with the purchase. The options were part of a larger option deal dat…
FINANCING (June 01, 1992)
Primo Gold Ltd – 750,000 shs offered @ 40 cents per sh. Mt. Grant Mines Ltd – 250,000 shs offered @ 25 cents per sh. Vananda Gold Ltd – 300,000 shs offered @ 75 cents per sh. Golden Ring Res. – 500,00…
Work planned on Orvana ground
Work commitments are in place for three British Columbia properties under option from Orvana Minerals (VSE). Placer Dome (TSE), which is earning a 70% interest in the Motherlode and Thimble Mountain p…
B.C. mining groups respond to commission
The Mining Association of British Columbia, the Coal Association of Canada, and the British Columbia & Yukon Chamber of Mines are all making submissions to a commission now examining methods to settle…
Menora options Mexican prospect
An option to earn a 50% interest in a gold property in the Mexican state of Zacatecas has been acquired by Menora Resources (ME). The junior, to act as operator, may earn its interest by spending US$1…