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Spot prices at a glance (December 20, 1993)

Week’s Price (US) Change Gold* $385.90 + $8.75 Silver* $ 5.10 + $0.14 Platinum* $385.25 + $8.50 Nickel** $ 2.35 + $0.09 Lead** $ 0.21 + $0.01 Copper $ 0.78 + $0.02 Zinc $ 0.44 – $0.01 Courtesy of Scot…


Toronto Stock Exchange Indices (December 20, 1993)

— Week — Dec 14 Dec 13 Dec 10 Dec 9 Dec 8 High Low Composite”300″ 4244.43 4293.38 4280.30 4290.63 4307.67 4307.70 4243.53 Metals&Minerals 3473.35 3551.97 3497.71 3483.08 3515.57 3557.08 3468.53 Inte…


Cyprus-Northway

About 18.2 million tonnes grading 1.48 grams gold per tonne have been outlined at the Quebec joint venture of Northway Explorations (TSE) and T & H Resources (TSE). The preliminary estimate was record…


Timmginn plans second program

Drilling has identified previously unreported faults on inactive railway land in Timmins, Ont. One of the faults has past production on the adjoining Hollinger ground. The 4-hole program, conducted by…


Rescue workers active at Macassa

A rescue effort continues underground at the Macassa gold mine just west of Kirkland Lake, Ont., where two miners remain trapped following rockburst activity. The two men, identified in news reports a…


Cameco moving research division

The research and development (R & D) division of Saskatchewan uranium producer Cameco will be relocated from Saskatoon to Port Hope, Ont., where the company’s uranium processing plant is situated. The…


Westminer suit against Seabright before appeal court

Arguments have concluded in the Nova Scotia Court of Appeal in the lawsuit between Westminer Canada and the former directors of Seabright Resources. Westminer is seeking $62 million in damages to comp…


Pickard praises co-operative spirit

A co-operative spirit between the mining industry and government exists in Manitoba, according to the president of Falconbridge. Addressing the business section of the Manitoba Mining, Minerals and Pe…


Carson raises $12.9 million

A private placement of special warrants will give Carson Gold (VSE) additional funds to acquire properties in Latin America. The company reached an agreement with Burns Fry (which will act as lead bro…


Positive results at Audrey lens

Underground drilling at the 1100 lens project in northwestern Quebec indicates mineralization continues at depth. The project, owned by Audrey Resources (ME) and Metall Mining (TSE), is undergoing exp…


Asarco swings deal with Mexican firm

U.S. base metal producer Asarco (NYSE) is joining forces with Grupo Industrial Minera Mexico. An agreement will enable Grupo to merge with Mexico Desarrollo Industrial Minero S. A. de C. V. (MEDIMSA),…


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