1992

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…


Charles Fipke — 1992 Mining Man of the Year

Some of Canada’s biggest and best mineral discoveries began as little more than faint hope in the hearts of a few determined prospectors and geologists. The recent diamond discovery in the Lac de Gras…


NEWS IN BRIEF (December 28, 1992)

Slocan Development Corp. Ltd. (SLO:VSE) has changed its name to International Slocan Developments Ltd. (ITD:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is…


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…


Coleraine negotiates ferrochrome deal

An agreement to produce ferrochrome in Quebec is being negotiated with Ege Metal Endustrie A.S. of Turkey, Ressources Minieres Coleraine (ME) reports. A large producer of chromite, Ege is a consortium…


Formosa ships copper concentrate

In late November, Formosa Resources (VSE) shipped its second smelter shipment to Aomori, Japan, from the port of Vancouver, Wash. The shipment comprised 4,245 tons of concentrate grading 17.5% copper …


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…


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…


Gold Funds (December 28, 1992)

Gold Funds as of Dec. 22 BGR Central Net Value $8.12 $5.18 Price $6.25 $4.60 Discount 23.01% 11.2% Value $46,266,000 $77,391,780…


COMMENTARY — Banking on the mining industry

Major Canadian banks have had a long tradition of financing mine development to commercial production in Canada. The banks’ interest gained momentum in the 1950s with the development of Canada’s urani…


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…


Centennial medallion

To commemorate its upcoming centennial in December, the Northwest Mining Association will mint a 1-oz. silver medallion. The Spokane-Wash.-based association, founded in 1895, now has more than 3,000 m…


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