INSIDER TRADING (May 11, 1992)
Wheaton River Minerals (TSE) Chairman Ian McDonald continues to be one of the junior resource industry’s most active insiders. In any given week, McDonald’s name usually appears in the Ontario Securit…
News
Gibraltar amends Newcoast agreement
The amendment to the property interest agreement between Newcoast Silver Mines (VSE) and Gibraltar Mines (TSE) clears the way for a 19,300-ft. diamond drilling program on the Gibraltar North zone this…
Pegasus’ quarterly output jumps
A production record of 64,200 oz. gold was set by Pegasus Gold (TSE) for the 1992 first quarter, a 56% increase over the 41,100 oz. produced during the comparable 1991 period. The Spokane-based compan…
Senior gold producers respond to Newmont Mining purchase
Newmont Mining believes the worst is over for gold and to prove it, North America’s biggest gold producer spent US$126 million during the week ended May 5 to buy 375,000 oz. of the yellow metal. The N…
PRODUCER PRICES (May 11, 1992)
ALUMINUM: MW U.S. market US61.75-62.75 cents per lb. (Apr. 23, 1992). ANTIMONY: New York dealer US78-82 cents per lb. (Mar. 26, 1992). BISMUTH: New York dealer US$2.50-2.70 per lb. (Mar. 26, 1992). CA…
Plexus moves into the black
With the first full year of production from its 24.01% owned Denton Rawhide mine behind it, Plexus Resources (TSE) reported positive earnings and cash flow in 1991. Plexus also holds a 2.45% royalty i…
Tandem, N.A.R. alter sale price
Separate transactions involving Toronto-based affiliates Tandem Resources (ME) and North American Rare Metals (ME) have been altered slightly to comply with regulatory requirements. In the first trans…
Ontario budget draws praise
By recognizing mining as a significant contributor to the province’s economy, the new Ontario budget has drawn a favorable response from industry representatives. While operators have been guaranteed …
Minefinders royalty
Minefinders Corporation (TSE) says it expects to receive royalties from a 2% net smelter return on the Dubuisson East property in Val d’Or, Que., as a result of Western Quebec Mines’ decision to proce…
Gateway settles $450,000 debt
Gateway Uranium Mines (CDN) has issued 750,000 common shares to its creditors in order to settle a $450,000 debt. Gateway also reports that Vance White and Peter Vamos have resigned from the company’s…
Lakewood, Green Valley react to drill `reports’ for Wood
Western markets leveled off during the period ended May 5, with the Vancouver Stock Exchange composite index finishing up 5.74 points to the 620 level and the resource index slipping just under three …
METAL MARKETS
ZINC: Producers report reasonably steady sales as consumers continue to buy on a month-to-month basis. In spite of London Metal Exchange (LME) inventories increasing in April from 221,575 to 239,325 t…