News



METAL PRICES (May 11, 1992)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 5 May 4 May 1 Apr 30 Apr 29 Copper 1231-1232 NA 1233-1234 1242-1243 1245-1246 Le…


1991 probably peak year for Golden Giant gold mine

Gold production at the low-cost Golden Giant mine of Hemlo Gold Mines (TSE) in northern Ontario probably peaked in 1991 at 443,400 oz., according to the Noranda (TSE) controlled company. Hemlo Preside…


Canmine acquires Mexican gold bet

Canmine Resources (CDN) has agreed to acquire a 100% interest in the Moctezuma gold property in Chihuahua, Mexico. The property contains two high-grade gold showings, including a 40-ft.-wide quartz ve…


Spot prices at a glance (May 11, 1992)

Week’s Price (US) Change Gold* $336.75 + $2.00 Silver* $ 4.07 + $0.13 Platinum* $352.65 + $11.90 Nickel** $ 3.35 – $0.03 Lead** $ 0.24 $0.00 Copper $ 0.99 – $0.01 Zinc $ 0.63 + $0.01 Courtesy of Scoti…


PEOPLE (May 11, 1992)

David Townley appointed president; David Birkenshaw, James Beatty, Greg Bowes, David Hall, David Knight, Frank Lang and David Townley appointed directors.


NDP is simply anti-mining

Despite the rhetoric and sweet talk flowing from the Bob Rae-Bob White administration ostensibly wooing business, I saw absolutely nothing in the recent Ontario throne speech that could possibly encou…


NEWS IN BRIEF (May 11, 1992)

Premier Gold Resources Inc. (PGL:VSE) has changed its name to Cryptic Ventures Inc. (CYV:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Pacific Corporate …


Rhonda options Noranda prospect

A letter of intent has been signed between Rhonda Mining (ASE) and Noranda Exploration whereby Rhonda may earn a 50% interest in a copper property in the Coppermine area of the Northwest Territories b…


Viceroy sets standard for California mines

The official opening of the Castle Mountain gold mine in this historic mining district was a day of celebration for Viceroy Resource (TSE), a persistent and progressive junior company which overcame a…


Fluor awarded $180-million HudBay contract

Fluor Daniel has secured a $180-million contract to upgrade Hudson Bay Mining and Smelting’s (TSE) processing operations at Flin Flon, Man. The contractor’s mining and metallurgical wing, Fluor Daniel…


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