Spot prices at a glance (November 15, 1993)
Week’s Price (US) Change Gold* $375.50 + $12.50 Silver* $ 4.53 + $0.32 Platinum* $376.75 + $8.75 Nickel** $ 2.12 + $0.05 Lead** $ 0.18 $0.00 Copper $ 0.75 + $0.01 Zinc $ 0.42 $0.00 Courtesy of Scotiab…
Articles by Northern Miner Staff
LETTERS TO THE EDITOR — Government shouldn’t hinder mining
A recent issue of the Saskatoon Star Phoenix newspaper carried two articles, one titled “Recognition of city as mining centre overdue” and the other “Panel report death knell for uranium industry?”. T…
Gold Funds (November 15, 1993)
Gold Funds as of Nov. 9 BGR Central Net Value $14.87 $5.91 Price $13.50 $6.50 Premium 10% Discount 9.21% Value $83,290,000 $117,645,450…
Financing (November 15, 1993)
Argosy Mining — 8 million shs @ 45 cents. Braiden Resources — 500,000 units @ 61 cents. Canso Explorations — 600,000 units @ 85 cents. Red Fox Minerals — 1 million shs @ 50 cents. Silverstone Reso…
STOCK MARKETS — Gold’s rebound helps Western markets gain
Western markets continued to gain ground, following gold’s US$12.50 rebound to the US$375-per-oz. level, while diamond issues either tracked down or tracked sideways. Over the period ended Nov. 9, the…
Southern re-starts Oracle Ridge
Following a 10-week shutdown, the Oracle Ridge copper mine in southwestern Arizona is back in production. Southern Copper (VSE), which owns 70% of the mine, has expanded mill capacity to 1,000 from 75…
PRODUCER PRICES (November 15, 1993)
ALUMINUM: MW U.S. market US49-50 cents per lb. (Nov. 4, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993). CA…
Operating improvements boost Homestake’s take
Operating improvements at several mines enabled Homestake Mining (NYSE) to boost earnings and lower production costs during the first nine months of this year. Net income of US$39.6 million was record…
NEWS IN BRIEF (November 15, 1993)
Delmay Mining (DMY:VSE) has changed its name to Delmay Energy (DMY: VSE) on a share-for-share basis.
High-altitude bioleaching — Chilean projects nearing
At a time when most conventional copper producers are being battered by sagging prices, two Canadian companies are hoping to take advantage of cheaper solvent extraction-electrowinning (SX-EW) technol…
Starcore to explore platinum project
By March of next year, Starcore Resources (VSE) plans to spend at least $475,000 on its recently optioned Goodnews Bay platinum property in western Alaska. The company can earn a 70% interest from the…
Teck sets exploration sights on Ecuador and B.C.
Teck (TSE) is stretching its exploration arm both north and south. The Vancouver-based major has entered an agreement with Ecstall Mining (VSE) to increase its property holdings in eastern British Col…