Western Quebec drills Dubuisson
Two drill rigs are active on the Dubuisson East gold property in the Val d’Or, Que., area, Western Quebec Mines (TSE) reports. Western, which optioned the property from Republic Goldfields (VSE), is t…
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FUTURES PRICES (February 17, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb 99.10 98.50 98.50 + 1.35 Mar 99.15 98.25 98.60 + 1.05 May 98.70 97.90 98.15 + 0.65 SILVER (in US cents per oz…
Spot prices at a glance (February 17, 1992)
Week’s Price (US) Change Gold* $356.35 + $1.40 Silver* $ 4.20 + $0.03 Platinum* $367.50 + $9.25 Nickel** $ 3.51 + $0.04 Lead** $ 0.23 $0.00 Copper $ 0.99 + $0.01 Zinc $ 0.50 – $0.02 Courtesy of Scotia…
Tieman takes MNR assignment
The Ontario Ministry of Natural Resources (MNR) recently took on former Ontario Mining and Lands Commissioner Dennis Tieman for a special assignment. Tieman, who was appointed commissioner in 1990, wi…
Curragh facing gap’ in Faro output
Curragh Resources (TSE) is facing the possibility of having to lay off at least some of the 400 miners employed at its Faro zinc-lead mine in the Yukon, unless it can come up with financing for develo…
Industry favors fly-in operations
We are surprised that David Johnston takes issue in his letter to the editor (T.N.M., Oct. 14/91) with our research findings cited by Olav Svela (T.N.M., Sept. 2/91) with respect to the growth of comm…
Pegasus eyes new opportunities
Spokane-based Pegasus Gold (NYSE) kicked off the new year by joint-venturing a Nevada gold property held by Athena Gold (VSE), and in a separate development, announced plans to make an additional equi…
Westmin’s drilling extends Battle zone
A fifth intersection of Battle zone mineralization was intersected by Westmin Resources (TSE) during an ongoing drill program at the company’s Myra Falls mine property near Campbell River, B.C. The mo…
Spirit tests gold zones at depth
A 7,500-10,000-ft. drill program is under way on Spirit Lake Explorations’ (ME) Edwards gold property northeast of Wawa, Ont., in preparation for underground bulk sampling. The program, designed to te…
Spot prices at a glance (February 10, 1992)
Price (US) Week’s Change Gold* $354.95 – $0.45 Silver* $ 4.17 + $0.01 Platinum* $358.25 + $11.75 Nickel** $ 3.47 – $0.01 Lead** $ 0.23 $0.00 Copper $ 0.98 – $0.01 Zinc $ 0.52 – $0.01 Courtesy of Scoti…
New property royalty for Euro
Toronto-based Euro-Nevada Mining (TSE) has acquired a 4% net smelter return on about 27,000 acres of the Alligator Ridge gold trend in Nevada. The company said it paid US$3 million. A portion of the A…
Montreal Exchange — Aurizon benefiting
Volumes remained buoyant but the market portfolio and mining and minerals index went in opposite directions during the week ended Feb. 4, the former closing up by 7.8 points and the latter slipping by…