Correction (August 10, 1992)
Contrary to what was reported in the July 20 issue of The Northern Miner, Royal Gold (NASDAQ) was never a minority partner in the Cortez joint venture currently exploring the Pipeline gold deposit in …
News
EDITORIAL PAGE — We all sink or swim
When Price Waterhouse talks mining, people listen. For the past 24 years, the firm has summarized the financial results and economic impacts of British Columbia’s mining industry, and its annual repor…
Sulphide nickel mines become more expensive
The competitive advantage enjoyed by nickel producers of sulphide deposits has eroded in recent years in favor of laterite operations, and a surge in costs in Canada must take a large part of the blam…
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…
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.
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…
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.
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…
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…
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…
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…
PEOPLE — MAD RIVER RESOURCES (August 10, 1992)
Juan Mabanta appointed president; Heinrich Degemann appointed chairman of the board and Daniel Power appointed director.