1992




Updated study for Refugio deposit

Board approvals were received by Bema Gold (TSE) and Amax Gold (NYSE) to close a transaction whereby Amax will become a 50-50 partner with Bema to jointly finance and develop the Refugio gold project …


Drilling starts in Saskatchewan

With three projects slated for drilling this coming fall and winter, Pine Channel Gold (VSE) expects to rank among the more active junior companies in northeastern Saskatchewan. The company recently a…


Metal Prices — FREE MARKET (October 26, 1992)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct. 20 Oct. 19 Oct. 16 Oct. 15 Oct. 14 Copper 1387-1388 1365-1367 1351-1352 1322-13…


Homestake restructuring should save $25 million

By year-end, Homestake Mining (NYSE) expects to complete a major corporate restructuring which is expected to reduce its annual administrative and exploration expenses by more than $25 million beginni…



Lac boosts loan by US$100 million

A US$70 million, 5-year loan to Lac Minerals (TSE) has been increased to US$170 million. The new loan, arranged with a syndicate of Canadian and international banks led by N.M. Rothschild and Sons, wi…


INSIDER REPORT — Jordex president adds to holdings

President Brian Hinchcliffe of Jordex Resources (TSE) was an active buyer of his company’s stock in August, purchasing 35,000 shares at 80-85 cents to hold one million directly and 1.23 million indire…


Louvem shareholders OK reorganization

Shareholders of Societe Minere Louvem (TSE) have approved a plan to divide Louvem into two distinct public companies. A new company, Novicourt Inc., will retain Louvem’s 45% interest in the US$326-mil…


InterStar develops manganese deposit

The Tambao manganese mining project of InterStar Mining Group (CDN) in Burkina Faso (French West Africa) is nearing the commercial production stage, the company reports. InterStar says it plans to emp…


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