Metal Prices (March 30, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 24 Mar 23 Mar 20 Mar 19 Mar 18 Copper 1291-1292 1287-1288 1302-1303 1301-1302 12…
1992
Rio Algom increases stake in St. Philips with options
Pursuant to an agreement signed in early 1991, Rio Algom (TSE) recently purchased an additional 296,942 shares of St. Philips Resources (VSE). The purchase, comprised of 259,286 deferred options exerc…
Some facts on diamonds worth remembering
Investors around the globe are holding their breath in anticipation of bulk sample results from the Lac de Gras diamond play in the Northwest Territories. The sample is a follow-up to a recent discove…
NEWS IN BRIEF (March 30, 1992)
American Highland Mining Corp. (AHM:VSE) has changed its name to Cryocon Containers Inc. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Pacific Corporate Trust…
Instability should augur well for the price of gold
Noted in a parking garage, appropriately mounted on a gold-colored car, was this personalized license plate: DIG4 AU. In these times of a depressed gold price battling to hold US$350 per oz., it is re…
Juniors examine potential of Chilean deposits
The potential to discover large-tonnage, heap-leach gold and porphyry copper deposits that are minable by open pit in Chile is prompting a small contingent of junior companies to examine the South Ame…
Northern Saskatchewan prime exploration area
The downward trend in exploration spending in Saskatchewan, apparent since 1988, appears to have flattened and 1992 expenditures are expected to match those for 1991, Saskatchewan Energy and Mines rep…
Pacific amends terms of purchase
Pacific Cassiar (TSE) says it has received approval to amend its normal course issuer bid to purchase on the open market through the facilities of the Toronto Stock Exchange up to 10% of the public fl…
Vancouver Stock Exchange (March 30, 1992)
Both the composite and resource indices of the VSE gained ground during the period ended March 25. The composite index added 8.73 points to finish at 653.72, while the resource index gained just over …
Manitoba to proclaim new mining legislation
In an effort to streamline its mining legislation and create an attractive investment climate in the province, the government of Manitoba is expected to proclaim a new Mines and Minerals Act in 1992. …
Market booms triggered by intensity of exploration
Mining’s current slump once again testifies to the traditional cyclical nature of this feast or famine business, depending of course on the price of metals. But stock markets are something else. Here,…
Juniors find innovative ways to fund development
What exploration needs most in Canada is a good discovery, says Fenton Scott, President of the Prospectors and Developers Association of Canada. At a time when juniors are having trouble raising even …