Placer sells Big Bell interest
The 50% interest in the Big Bell gold mine in Western Australia belonging to Placer Pacific, the 75.7% owned subsidiary of Placer Dome (TSE), has been sold to Poseidon Gold of Australia for about US$8…
News
Kalahari tests mag anomaly in Quebec
Vancouver-based Kalahari Resources (VSE) recently optioned 1,000 claims in the Eastern Twps. of Quebec from Peter Ferderber and Associates in exchange for 300,000 shares. The claim group, called the A…
METAL MARKETS — Nickel producers contemplate cutbacks
In their anxiety to protect local currencies, governments are juggling interest rates which will, in the short term, further cramp economic recovery, particularly in Europe where companies will hedge …
Canadian Industrial Minerals — A Special Report from Energy, (September 28, 1992)
In 1991 Canada’s only commercial production of graphite came from Stratmin Inc. with a mine and concentrator at Lac-des-Iles, Quebec, and a concentrator at Notre-Dame-du-Laus, also in Quebec. The year…
Platinova, Greenland consider building refinery at Nuuk
The feasibility of processing zinc concentrates near Nuuk, the capital of Greenland, is being investigated by Platinova Resources (TSE) and the government of Greenland. The partners are looking at bui…
Deak becomes operator at Cheminis mine
A letter of agreement recently signed by Deak Resources (TSE) with Northfield Minerals (ASE) allows it the right to become operator at Northfield’s Cheminis mine near Kirkland Lake, Ont. Deak will als…
Drill results should boost Williams Creek reserves
Initial results from this year’s drill program have partners Western Copper Holdings (VSE) and Thermal Exploration (ASE) predicting an increase in reserves at the Williams Creek copper-oxide project 2…
Peru miner pays US$4 million dividend
Southern Peru Copper, a subsidiary of Asarco (NYSE), has paid a US$4-million dividend for the second quarter. Southern Peru, jointly owned by Asarco (52.3%), the Marmon Group (20.7%), Phelps Dodge Ove…
STOCK MARKETS — Commonwealth remains active outlining
Western markets drifted lower over the week ended Sept. 22, with the Vancouver Stock Exchange composite index shedding almost 11 points to finish at 562.82 while the resource index slipped 11.9 points…
Spot prices at a glance (September 28, 1992)
Week’s Price (US) Change Gold* $348.90 + $2.70 Silver* $ 3.84 $0.00 Platinum* $364.25 + $1.25 Nickel** $ 3.09 – $0.07 Lead** $ 0.27 – $0.01 Copper $ 1.08 – $0.01 Zinc $ 0.61 – $0.01 Courtesy of Scotia…
INSIDER TARDING — Canhorn sells into United Reef rally
Toronto-based Canhorn Mining (TSE) sold 1.1 million shares of its affiliate, United Reef Petroleums (TSE), for 16-23 cents each at the beginning of September, a few days too early to fully capitalize …
Oasis, Orient issue flow-through shares
Consolidated Oasis Resources (ME) and Orient Resources (ME) have concluded a financing agreement with Oasis/Orient (1992) Mining Exploration partnership and Soquem. Under the agreement, the partnershi…