Dundee joins Outokumpu in Conroy move
Dundee Bancorp (TSE) recently joined with Outokumpu, the Finnish state mining company, to unseat the entire board of directors of Conroy Petroleum and Natural Resources, an Irish resources company. Th…
News
Wheaton to acquire Grew Creek, Ketza
Toronto-based Wheaton River Minerals (TSE) has signed letters of intent to acquire both the Grew Creek deposit and the Ketza River project, which lie within 100 km of each other in the Yukon Territory…
TSE to go automatic by first quarter, ’93
Simple economics has persuaded The Toronto Stock Exchange to replace floor trading with a fully automatic equity trading system by the first quarter of 1993. TSE members recently voted in favor of the…
PRODUCER PRICES (February 24, 1992)
ALUMINUM: MW U.S. market US57.25-58.75 cents per lb. (Feb. 13, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.90-3.10 per lb. (Jan. 23, 1992). CAD…
$400,000 program planned for Brewery Creek project
A $400,000 exploration program will begin shortly on the Brewery Creek property near Dawson, Yukon, a bulk-tonnage gold project owned 51% by Hemlo Gold Mines (TSE) and 49% by Loki Gold (VSE). The prog…
Insider Trading (February 24, 1992)
Roy Shipes, chairman of emerging U.S. copper producer Arimetco International (TSE), recently sold a big block of stock at a significant discount to the recent market price. According to the Ontario Se…
NEWS IN BRIEF (February 24, 1992)
Teriton Resources Ltd. (TRN:VSE) has changed its name to Mashiach Capital Inc. (MAS:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis.
Cameco drills Holberg project
Saskatchewan-based Cameco (TSE) recently completed a 6-hole drilling program on the Holberg Inlet property near Port Hardy, B.C. Cameco has the right to earn a 60% interest in the property by spending…
Black Cliff studies recycling plant
Toronto-based Black Cliff Mines (TSE) has initiated a feasibility study regarding the economics of establishing a plastics recycling plant in Nova Scotia. Black Cliff is already involved in this line …
Spot prices at a glance (February 24, 1992)
Week’s Price (US) Change Gold* $352.35 $4.00 Silver* $ 4.06 $0.14 Platinum* $358.50 $9.00 Nickel** $ 3.67 + $0.16 Lead** $ 0.23 $0.00 Copper $ 1.00 + $0.01 Zinc $ 0.50 $0.00 Courtesy of Scotiabank. In…
Crystal Peak awaits permits
Management of Polestar Exploration (VSE) is putting some of the blame for the loss of its listing on NASDAQ on continued delays in receiving operating permits for the Crystal Peak garnet quarry near H…
Falco’s Collahuasi rivals Escondida as top copper find
Recent surface and underground exploration on Falconbridge’s Collahuasi project in northern Chile has uncovered a copper reserve that could rival Escondida, one of the largest copper deposits in the w…