METAL PRICES — FREE MARKET (October 18, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Oct. 12 Oct. 11 Oct. 8 Oct. 7 Oct. 6 Copper 1679-1680 1684-1685 1673-1674 1674-1675 1672-1673 Lead 399-400 374-375 370-371 365-366 360-3…
Articles by Northern Miner Staff
Task force to review OSC’s policy-making powers
Ontario’s Ministry of Finance and the Ontario Securities Commission (OSC) are setting up a joint task force to review the OSC’s policy-making powers. The task force, which will consult with interested…
Kinross acquires Falconbridge Gold
Toronto-listed junior Kinross Gold (TSE) has completed the previously announced purchase of 8.2 million shares and a $7.4-million convertible debenture of Falconbridge Gold (TSE) from Falconbridge for…
Ottarasko nets gold and silver
A bulk sample has netted Ottarasko Mines 365 oz. gold and 156 oz. silver. The company mined 190 tons from its Mt. Skinner gold project, 120 miles west of Williams Lake, B.C. The low-sulphide quartz or…
COMMENTARY — Watch those geo-political risks
Gold’s role as a reliable store of value can be important at times of political or economic uncertainty. This applies not only to Western investors but, more importantly, to the populations of countri…
STOCK MARKETS — Gold and diamonds add lustre to markets
Though not a good week for the base metal miners, our report week was far kinder to the gold and diamond stocks. For example, gold bullion posted a very solid move after drifting sideways for quite so…
PRODUCER PRICES (October 18, 1993)
ALUMINUM: MW U.S. market US51.50-52.50 cents per lb. (Sept. 30, 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, 1…
Bolivar set to begin $5-m field programs
Vancouver-listed Bolivar Goldfields will use proceeds from a $7.5-million financing to expand exploration in Venezuela’s Bolivar state. Activity will be focused on the gold districts of El Callao, Chi…
DIAMOND PAGE — Dia Met clarifies media reports on Lac de
The Lac de Gras region of the Northwest Territories received some international attention recently as BHP held its annual meeting in Melbourne, Australia. A news service reported BHP Chairman Brian Lo…
GOLD FUNDS (October 11, 1993)
Gold Funds as of Oct. 5 BGR Central Net Value $13.31 $5.72 Price $11.75 $6.375 Discount 11.73% 11.5% Value $74,562,000 $115,383,038…
Diamond Fields raises $5 million
A brokered private placement of 1.5 million special warrants at $3.40 each will net Diamond Fields Resources (VSE) just under $5 million. The issue replaces a financing which the company was forced to…
STOCK MARKETS — Gold remains stable amidst more Russian
One might have expected rather dramatic rumblings in the gold market this report week, when Russian President Boris Yeltsin’s tanks blasted holes in the Russian parliament buildings to end a week-old …