Noranda in deal with Chinese (May 25, 1992)
A unit of Noranda (TSE), Noranda Copper Smelting and Refining, recently reached an agreement with a Chinese agency involving the sale and transfer of reactor technology. The Noranda reactor is a conti…
1992
Golden Star in Suriname deal (May 25, 1992)
A formal exploration and development agreement for the Gross Rosebel gold property in Suriname has been signed between Golden Star Resources (TSE) and Grassalco, the state-owned aluminum mining compan…
NEWS IN BRIEF (May 25, 1992)
Beretta Resource Corp. (BTR:VSE) has changed its name to Optimark Data Systems Inc. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Montreal Trust.
Thermal farms out claims in diamond play to Kennecott (May 25, 1992)
Thermal Exploration (ASE) has reached an agreement with a syndicate led by geologists Terry Heard and Mike Duggan to acquire a 70% interest in 97,000 acres near the Lac de Gras, N.W.T., diamond discov…
MINER DETAILS; Hole 109 and the Pezim case (May 25, 1992)
Exploration is risky business. Take Calpine Resources’ famous hole 109 drilled in 1989 at Eskay Creek. International Corona later did more drilling to test this target located separate from and in a l…
Drilling continues at Bellas Gate (May 25, 1992)
The share price of Golden Ring Resources (VSE) came under downward pressure after the company released results from recent drilling on the Camel Hill deposit at the Bellas Gate copper-gold property in…
EDITORIAL PAGE (May 25, 1992)
A lot of people in the mining industry are suffering these days, but none more so than Canada’s diamond drillers. Known throughout the mining world as the best in the business, Canadian drilling compa…
METAL PRICES (May 25, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 19 May 18 May 15 May 14 May 13 Copper 1209-1210 1208-1209 1223-1224 1214-1216 12…
Spot prices at a glance (May 25, 1992)
Week’s Price (US) Change Gold* $337.45 + $2.70 Silver* $ 4.08 0.00 Platinum* $359.75 + $6.95 Nickel** $ 3.31 0.00 Lead** $ 0.23 – $0.01 Copper $ 1.01 + $0.01 Zinc $ 0.63 + $0.02 Courtesy of Scotiabank…
TSE INDICES (May 25, 1992)
May 19 May 18 May 15 May 14 May 13 High Low Composite”300″3385.28 N/A 3391.43 3388.31 3404.23 4009.47 3009.91 Metals&Minerals 3054.54 N/A 3063.73 3078.92 3103.71 3453.06 2502.63 Integrated Mines3256.3…
GOLD FUNDS (May 25, 1992)
BGR Central Net Value $7.88 $5.07 Price $6.25 $4.60 Discount 20.73% 9.3% Value $46,939,000 $77,391,780…
Investment forum set for June 4 (May 25, 1992)
The second annual Canadian Institutional Investment Forum of the World Gold Council is scheduled for June 4 in Toronto. The 1-day forum will feature a number of talks on subjects such as gold demand, …