Juniors investigate Guyana’s potential
Canadian exploration companies are showing renewed interest in Guyana after the local government’s recent decision to sell nationalized industries back to the private sector in a bid to stimulate econ…
News
Uranium market struggle with low prices, oversupply
Canada’s uranium industry faced renewed uncertainty in 1991 as market opportunities faded. In October, the Nuexco exchange value spot price indicator fell to US$7.25 per lb. U3O8, an all-time low in c…
EDITORIAL PAGE; LETTERS TO THE EDITOR
I was well aware of William Fyfe’s view on the earth’s ecosystems (T.N.M., Jan. 27/92) when I made my remarks about “political environmentalists.” I agree that overpopulation is the root cause of all …
Amax drilling at Haile
With its purchase option expiring May 1, 1992, Amax Gold (NYSE) is operating three drill rigs on the Haile gold property near Kershaw, S.C. Amax can earn a 62.5% interest in the property from Piedmont…
Newfoundland hosts rock room at PDAC
An association of Newfoundland and Labrador explorationists (NALE) is organizing a “rock room” during two days of the Prospectors and Developers Association of Canada’s annual convention in Toronto. T…
Producer Prices (March 23, 1992)
PRODUCER PRICES ALUMINUM: MW U.S. market US59.75-60.75 cents per lb. (Mar. 5, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.80-3.00 per lb. (Mar….
Petromet sells 50% stake in Rambler
Newfoundland Exploration (TSE) has acquired the remaining 50% interest in the Rambler property near Baie Verte, Nfld., from its former joint venture partner, Petromet Resources (TSE). To satisfy the $…
FUTURES PRICES (March 23, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 102.00 102.00 – 0.10 May 102.00 100.60 101.90 – 0.15 Jun 100.50 100.50 101.70 …. SILVER (in US cents per oz…
PROFILE (March 23, 1992)
By 1998, all of Minnova’s currently producing mines would have exhausted their reserves though the company is awash in cash. Last year Minnova earned more than $8-million interest from its cash alone….
Osborne issues shares, debt
Osborne and Chappel Goldfields (TSE) says it will proceed with previously announced private placement by issuing 1.5 million common shares at a price of 10 cents per share. The company will also issue…
Lacklustre results from Fort Knox
The latest results from Fort Knox Gold Resources’ (TSE) base metal property in Fawcett Twp., Ont., include a 64.5-ft. interval of low-grade lead-zinc mineralization pulled from the property’s north gr…
LETTERS TO THE EDITOR (March 23, 1992)
A story on the deep drilling Kola project in the former Soviet Union near the Norwegian border (T.N.M., Dec. 23/91) identified the U.S. publication CSD News as the source of the information. Several r…