Republic Goldfields to restructure debt
Republic Goldfields (VSE) has entered into agreements with its two principal bankers, the Bank of Nova Scotia and the Royal Bank of Canada, to restructure and refinance all of its existing $3.2 millio…
News
LATIN AMERICA SPECIAL — Ecuador’s copper attracts juniors
Ecuador’s copper deposits have attracted two Vancouver juniors, Kookaburra Resources (VSE) and AG Armeno Resources (VSE), which hope to establish a solvent extraction-electrowinning operation (SX-EW) …
PRODUCER PRICES (March 15, 1993)
ALUMINUM: MW U.S. market US54-55 cents per lb. (Mar. 4, 1993). 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. (June 11, 1992). CAD…
Canarctic study focuses on Coronation Gulf shipping
A shipping season of at least five months is commercially feasible for Coronation Gulf, N.W.T., according to a recent study on Arctic navigation. The study looked at access to and from Coronation Gulf…
INSIDER TRADING — Thunderwood trio pads holdings
A trio of top managers at Thunderwood Resources (TSE) recently took a large share position in the junior explorer. According to the Ontario Securities Commission’s OSC Bulletin, Chairman James Gill bo…
LATIN AMERICA SPECIAL — Economy gathers strength in the
The economy of the Dominican Republic improved markedly in 1991-92, reports the International Monetary Fund (IMF). Real gross domestic product grew by an estimated 6% in 1992 whereas inflation was est…
LATIN AMERICA SPECIAL — Greenstone makes plans for La
Wracked by civil unrest until three years ago, Nicaragua has embraced the mood of Latin America. The doors are open to foreign investment and privatization is in. The operating, 150-ton-per-day (tpd),…
Dickenson reports increase in 1992 gold production
Gold output in 1992 at Dickenson Mines (TSE) increased slightly to 111,872 oz. from 108,477 oz. in 1991. The company’s gold production comes from its 100%-owned Arthur White mine, near Red Lake, Ont.,…
Crude steel output decreases
World crude steel production in 1992 totalled 714 million tonnes, off 3% from the 1991 amount, according to preliminary estimates by the International Iron and Steel Institute of Brussels. Output in t…
Jordex announces Bolivian sale
A decision by Jordex Resources (TSE) to sell stock interests in a Bolivian zinc company was attributed to the general zinc market decline. As a result, substantial losses are being incurred. Jordex ag…
Falconbridge drills near Matachewan
Falconbridge has begun a 3,500-metre diamond drill program on the Robertson Twp. base metal property 14 km north of Matachewan, Ont. The 135-claim property, owned 40% by Strike Minerals (CDN) and 60% …
USMX completes Goldstrike purchase
Although the purchase price was not disclosed, USMX (NASDAQ) reports it has completed the acquisition of the Goldstrike mine near St. George, Utah, from owner Tenneco Minerals. James Knox, president o…