1992

More about diamonds (December 28, 1992)

Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. and Alberta After five months of negotiations, DHK Resources — owned equally by Dentonia Resources (V…


STOCK MARKETS — South American gold projects spark

Bullish reports emerging from Canadian projects in South America, specifically from Venezuela and its neighbor Guyana, sparked investor interest on The Toronto Stock Exchange during the week ended Dec…


METALS MARKETS — Metals markets in unsettled state

World trade in metals continues to be disorderly. Potential mining properties are being placed on hold because of declining markets and onerous government approval regulations. Returns on existing pro…


Federal inquiry launched into Giant mine dispute

Royal Oak Mines (TSE) President Peggy Witte rejected a call from Canada’s minister of labor and mediators that the status of 45 terminated employees from the Giant mine be turned over to an arbitrator…


Metal prices in sharp decline

The metal and mineral sub-index of Scotiabank’s commodity price index suffered another sharp decline in November. After improving earlier in the year, the sub-index has fallen below the previous low i…


U.S. ROUNDUP — Wharf assesses mine acquisition

Following completion of a detailed assessment of the Golden Reward mine near Lead, S.D., Wharf Resources (TSE) says it has identified the mine’s most pressing needs: — capital — the mine does not ge…


Breakwater to reopen Estrades

The Estrades zinc-gold mine in northwestern Quebec is expected to resume production in March, 1993, and reach a production rate of 10,000 tonnes per month within four months. The mine will be operated…


Spot prices at a glance (December 28, 1992)

Week’s Price (US) Change Gold* $332.50 – $2.40 Silver* $ 3.70 – $0.01 Platinum* $359.50 – $3.25 Nickel** $ 2.64 + $0.04 Lead** $ 0.21 $0.00 Copper $ 1.02 + $0.02 Zinc $ 0.48 $0.00 Courtesy of Scotiaba…


PRODUCER PRICES (December 28, 1992)

ALUMINUM: MW U.S. market US54-55 cents per lb. (Dec. 11, 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…


Dundee offer (December 28, 1992)

An offer for each of the outstanding common shares of Dundee Capital it does not already own will be made by Dundee Bancorp (TSE). Dundee Bancorp, which will offer $7.45 per share, currently has an ap…


Curragh receives Stronsay certificate

With a mine development certificate for the Stronsay zinc-lead project now in hand, Curragh (TSE) can concentrate on arranging project financing. Although Curragh received government approval for a ce…


Bougainville mine could be reopened

The recently elected prime minister of Papua New Guinea, Paias Wingti, has predicted that the 180,000-tonne-per-year Bougainville copper mine will be reopened within 12 months at a lower cost than pre…


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