Vintage metallurgy now “chemically correct”
With a wary eye on the environmentalists, quite a few gold mining companies are making a big to-do about recovering gold without cyanide. In this day and age, being “chemically correct” is highly desi…
News
Higher output for Hemlo Gold
Low-cost gold producer Hemlo Gold Mines (TSE) increased first-half output to 236,600 oz. from its two operating mines. Production at the Golden Giant mine at the Hemlo camp in northern Ontario totalle…
Joint venture deal lets underground work begin on Lightning
Although it was staked 65 years ago, the Lightning gold zone in northeastern Ontario was only discovered in 1984. Now, after a protracted session of haggling over ownership interests, the property’s s…
Goldstack plans follow-up work
A new management team at Goldstack Resources (VSE) is hoping it will be able to follow up on favorable drilling results from its Yellowhammer copper-oxide property on the Utah-Nevada border. Encouragi…
STOCK MARKETS — Summer doldrums make for quiet western
Western markets remained relatively quiet during the holiday-shortened week ended Aug. 4, with the Vancouver Stock Exchange composite index gaining 1.91 points to finish at the 580 level and the resou…
FINANCING (August 10, 1992)
Swannell Minerals Corp. – 2,250,000 shs offered @ 40 cents per sh. Chase Res. Corp. – 1,300,000 units offered @ $2.50 per unit. Stormin Res. Inc. – 1,500,000 shs offered, price to be announced.
GOLD FUNDS (August 10, 1992)
BGR Central Net Value $8.55 $5.08 Price $7.50 $4.85 Discount 12.26% 4.50% Value $50,888,000 $81,597,855…
NEWS IN BRIEF (August 10, 1992)
Redwood Resources Inc. (RDW:VSE) has changed its name to Trooper Explorations Ltd. (TPP:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
LATIN AMERICA — Tuina running smoothly: Mahogany
Startup troubles at the Tuina copper mine in northern Chile, which went into operation in March, have been rectified, International Mahogany (TSE) reports. Direct operating costs at the project, which…
Castle Mountain turns profit in three months since startup
Commercial production at the Castle Mountain gold mine in eastern California was established in early April of this year, just six weeks after startup. It was good news for operator and 75% owner Vice…
IOC’s 5-week shutdown first in almost a decade — Weak demand
For the first time in almost a decade, The Iron Ore Company of Canada has scheduled downtime at its Labrador City operation because of weak demand for its products. About 1,500 workers were sent home …
METAL PRICES — FREE MARKET (August 03, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 28 July 27 July 24 July 23 July 22 Copper 1320-1321 1327-1328 1340-1341 1342-13…