Spot prices at a glance (November 22, 1993)
Week’s Price (US) Change Gold* $373.70 – $1.80 Silver* $ 4.55 + $0.02 Platinum* $375.75 – $1.00 Nickel** $ 2.08 – $0.04 Lead** $ 0.18 $0.00 Copper $ 0.73 – $0.02 Zinc $ 0.42 $0.00 Courtesy of Scotiaba…
News
LAST BUT NOT LEAST…Suit muddies water in Whitewood Creek
A unit of Goldstake Explorations (TSE) is suing Homestake Mining (NYSE) and its wholly owned subsidiary, Whitewood Development. Goldstake launched the action in the U.S. District Court for Colorado. I…
STOCK MARKETS — Gold stocks take breather as bullion price
Most of the gold stocks on the TSE were listless or falling slightly, probably because bullion itself shed a couple of dollars to US$373.70 per oz. over our report week. But in the equities there were…
Madison lands Brazilian gold
In a deal with two private Brazilian companies, Consolidated Madison Holdings (VSE) can acquire the surface and underground mineral rights to 2,000 hectares in Mato Grosso state. The acquisition will …
LAST BUT NOT LEAST…Maufort proposes change of name
Shareholders of Ressources Maufort have approved a name change to Mines Dynacor. A corporate recovery plan will include a consolidation of shares on a 10-for-1 basis. The company will also seek financ…
LAST BUT NOT LEAST…Loubel granted West African property
The government of the West African country of Burkina Faso (formerly Upper Volta) has granted Exploration Loubel (ME) mining rights to a 314-sq.-km area. The property is underlain by a north-south-str…
LAST BUT NOT LEAST…Abacus explores Nova Scotia play
Vancouver-listed Abacus Minerals has entered a joint-venture agreement with Nova Scotia syndicate Mex Explorations. Abacus can earn a half interest in two properties totaling 462 claims in the Pinchgu…
Charlim options Wrightbar prospect
An option agreement allows Charlim Explorations (VSE) to earn a half interest in Wrightbar Mines’ (ME) gold property in northwestern Quebec. Charlim must spend $500,000 during each of the next four ye…
Granduc reviews mill expansion
Granduc Mines and Cazador Explorations have merged to form Granduc Mining (TSE) and the new entity is looking to expand its Keystone gold project in Manitoba. Granduc is earning a 50% interest in the …
Placer and Minera Rayrock copper projects part of $5-billion
About $5 billion will be invested in Chile’s copper mining industry over the next three years, according to a survey by the Centre of Copper and Mining Studies (Cesco) in Santiago. Between 10 and 15 n…
Roca Roja operating Mexican heap-leach property
The wholly-owned Mexican subsidiary of Walhalla Mining of Australia officially opened, in mid-November, its Amelia heap-leach gold mine in the hills of northern Sonora state. Minera Roca Roja was plan…
Snip mine boosts Prime earnings
Prime Resources Group’s (TSE) share of gold production from the Snip mine increased 7% over the first nine months of the year, compared with the same period in 1992. Prime has a 40% interest in the un…