Nerco may sell minerals division
The Nerco Con mine at Yellowknife, N.W.T., could change hands if Nerco (NSYE) finds a buyer for its minerals division. The diversified resource company recently announced it had retained J.P. Morgan, …
1992
Mining at Casa Berardi Est to resume in July, says TVX
The Casa Berardi Est gold mine in northwestern Quebec is expected to be back in operation by mid-July, TVX Gold (TSE) President Martin Robinson said at the company’s annual meeting in Toronto. Operati…
Prospects of finding economic diamond deposits lure
While gold may have lost some of its traditional lustre, the prospects of discovering economic diamond deposits is luring investors back to western markets. The Vancouver Stock Exchange composite inde…
Macuelizo returns gold-copper values
Recent drilling by Melinga Resources (VSE) on the Macuelizo copper-gold project in northwest Honduras, Central America, returned a number of copper-gold intersections. The drilling is part of a 150-ho…
$20-million expansion for Quinsam
Toronto-based contractor Hillsborough Resources (TSE), which has already an equity stake in a producing zinc mine, is moving to take advantage of rising demand for coal in the Far East. At the company…
Shaft being deepened at Joe Mann
Deepening the No. 2 shaft at the Joe Mann gold-copper mine of Campbell Resources (TSE) southwest of Chibougamau, Que., to 2,700 ft. is under way. The shaft excavation and related work is expected to b…
TSE SHORT POSITIONS (June 01, 1992)
Semi-monthly reports as of May 15, showed 26,957,661 shares of 630 issues compared with 25,039,057 shares of 599 issues on April 30. Larger individual positions included: Amax Gold 80,950, up 62,550; …
Tri Origin finds new mineralization at Lewis Ponds
Tri Origin Exploration (TSE) has released the first results from its Lewis Ponds base metal project in Australia. Hoping to find a polymetallic massive sulphide deposit, Tri Origin is completing a 5-h…
INSIDER TRADING (June 01, 1992)
SouthernEra Resources (TSE) director Lee Barker is poised to benefit from any new developments in the Lac de Gras diamond hunt after picking up 100,000 shares of the Northwest Territories explorer. Ac…
PRODUCER PRICES (June 01, 1992)
ALUMINUM: MW U.S. market US59.50-60.50 cents per lb. (May 14, 1992). ANTIMONY: New York dealer US78-83 cents per lb. (May 14, 1992). BISMUTH: New York dealer US$2.45-2.70 per lb. (May 14, 1992). CADMI…
U.S. REPORT (June 01, 1992)
Reserves at the Imperial County project in southeastern California received a significant boost upon completion of a preliminary feasibility study on the Indian Rose and Ocotillo deposits. The project…
U.S. REOPORT
Startup operations are expected to begin soon aimed at bringing the Formosa-Silver Butte zinc-copper mine near Riddle, Ore., back into full production this summer. Operator Formosa Resources (VSE) bro…