Rising demand for gold jewelry a bullish sign
Despite the recession in North America, demand for gold to fabricate jewelry reached record levels last year and may even have climbed as high as 2,000 tons, according to estimates by the World Gold C…
News
Metal Prices (April 20, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 14 Apr 13 Apr 10 Apr 9 Apr 8 Copper 1241-1242 1245-1246 1252-1253 1270-1271 1264…
OBITUARY (April 20, 1992)
The founder of Nelson Machinery, Jack Henry McMullen Greenwood, died recently at age 87. Greenwood was born at the Hudson’s Bay trading post of Lac Seul, Ont., and began working for that company at th…
Westmin extends Battle zone
More impressive assay results were released by Westmin Resources (TSE) from recent underground drilling at the company’s Myra Falls mine property near Campbell River, B.C. The most spectacular results…
NEWS ROUNDUP (April 20, 1992)
Weak metal prices and a high Canadian dollar forced Audrey Resources (TSE) to report a loss of $1.1 million or 7 cents a share in 1991, compared to a loss of $2.9 million or 19 cents a share in 1990. …
Minerals boost Brazilian economy
Significant changes in Brazils economic and political structures are taking place at this time as a new administration under Fernando Collor, the first president to be elected by popular vote in 29 ye…
PROJECT ROUNDUP; PROJECT ROUNDUP
Calgary-based Dakota Resources (ASE) says it has been negotiating with a South American group for the licensing of a process and related technology for the development of volcanic ore deposits in Sout…
Old style preferred
The new stock market format is terrible. The market age with each exchange was always great reading; everything is lost in the new format.
Exploration intensifies in the Dominican Republic
The mining sector has achieved considerable importance in the Dominican republic during the last decade. It offers extensive development potential through its diverse and sizable resources. Based on s…
New stamp marks GSC birthday
Marking the 150th anniversary of the Geological Survey of Canada (GSC), Canada Post is issuing a series of commemorative stamps depicting this country’s leading minerals. Five in all, they will featur…
Greenstone moves into Nicaragua
The right to acquire the Libertad gold mine in Nicaragua has been awarded to Greenstone Resources (TSE) and partners by the government of that country. Greenstone says open pit reserves stand at 9.73 …
Penoles leading private company
Within Mexicos private sector, Industrias Penoles is the acknowledged leader in the exploration game. Together with subsidiary Fresnillo, it contributed US$13 million of the US$20 million spent by pri…