CIM Meeting
Chilean mining joint venture law and privatization will be the subject of the next CIM Mineral Economics Society discussion group meeting at the Toronto Board of Trade, May 5. Jorge Bande, vice-presid…
1992
FINANCING (April 27, 1992)
Keywest Resources Ltd – 500,000 shs offered @ $1.10 per sh.
Amax earnings cut in half
Despite a very successful price protection program, earnings for Amax Gold (NYSE) slipped to US$4 million in the first quarter of 1992. This compares with earnings of US$8 million in the first quarter…
Rothschild helps Goldbelt raise funds
In concert with efforts to raise funds for its tailings project in Kazakhstan, Goldbelt Resources (VSE) recently appointed N.M. Rothschild as its financial adviser. Under the terms of the agreement, R…
Westaurum to fund Davis-Keays
Westaurum Industries (ASE) says it has secured a notice of private placement for $5 million from German investors to explore and develop the Davis-Keays copper mining properties in northwestern Britis…
Zinc conference
The American Zinc Association reported attendance of 470 at its initial International Zinc Conference recently at Palm Springs, Calif. Delegates from 24 nations registered. The zinc association is hea…
Trout Lake, Crofoot improve for Granges
Record production was achieved by Granges (TSE) at its two producing mines during 1992. The company holds a 29% interest in the Trout Lake polymetallic mine near Flin Flon, Man., and operates the Crof…
Dying exploration industry prompts campaign — Kidd staff
Deeply concerned about their chances of finding another substantial orebody to replace reserves at the aging Kidd Creek copper-zinc-silver mine, geologists at Falconbridge’s Timmins exploration office…
BGR fund foregoes dividend, keeps cash for `opportunities’
BGR Precious Metals (TSE), the only closed end gold investment fund to survive the recent slump in bullion prices, recently cancelled its quarterly dividend. The 25 cents dividend was scheduled to be …
5-hole program at Newton Hill
A 5-hole drill program was recently completed on the Newton Hill property southwest of Williams Lake, B.C., and about 24 miles north of the Fish Lake deposit. Verdstone Resources (VSE) is in the proce…
Yakutia, De Beers in diamond deal
The Republic of Sakha (Yakutia), a member nation of the Russian federation, has secured the right to retain 10% of its rough diamond production for independent sale, De Beers Centenary reports. Yakuti…
PRODUCER PRICES (April 27, 1992)
ALUMINUM: MW U.S. market US61-63 cents per lb. (Apr. 9, 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). CADMIUM: …