NEWS ROUNDUP — Orco sample yields revenue
A bulk sample from the Donalda gold property near Rouyn-Noranda, Que., has yielded 4,300 oz. and gross revenue of $2.1 million. Orco Resources (ME) says 19,147 tonnes were milled in a flotation circui…
News
Goldex shareholders approve merger
Shareholders of Goldex Mines (TSE) have approved an amalgamation with a wholly owned subsidiary of Agnico-Eagle Mines (TSE). Agnico, which already owns 53.7% of Goldex, will acquire the remaining 46.3…
Rayrock’s gold output rises
In the fist nine months of 1993, Rayrock Yellowknife Resources (TSE) sold more gold than in the same period last year. Sales increased to 65,479 oz. at an average price of US$351 per oz. from 57,694 o…
WCB to rule on rate appeal
Shortly before presstime, the directors of Ontario’s Workers’ Compensation Board (WCB) were scheduled to review an appeal of 1994 rates. The appeal was launched by the Ontario Mining Association (OMA)…
EDITORIAL PAGE — Yes Virginia, there’s hope for base metal
Could this be it? Could this be the turn in the base metals markets for which many of us have been hoping? The charts for nickel, copper, lead and zinc reveal that prices have at least come off the ma…
LETTERS TO THE EDITOR — Little encouragement for mining
I am interested in your editorial, “It ain’t over till it’s over” (T.N.M., Nov. 22/93), concerning the Windy Craggy operation and attempts by the British Columbia government to declare the Tatshenshin…
LETTERS TO THE EDITOR — Escondida find a team effort
In the article “Arequipa eyes Peruvian copper” (T.N.M., Nov. 29/93), David Lowell is described as having “managed” the exploration program that resulted in the discovery of Chile’s La Escondida copper…
STOCK MARKETS — Yellow metal adds shine to western markets
Continued strength in gold helped western markets as the Vancouver Stock Exchange resource index posted a 36.79-point jump to 1,573.52. The composite index remained relatively quiet, edging up just ov…
PRODUCER PRICES (December 20, 1993)
ALUMINUM: MW U.S. market US51.25-50.25 cents per lb. (Dec.2, 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…
Metal Prices (December 20, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 14 Dec. 13 Dec. 10 Dec. 9 Dec. 8 Copper 1723-1724 1747-1749 1717-1718 1677-1678 1674-1675 Lead 463-464 473-474 459-460 456-457 447-…
INSIDER TRADING — Copperquest officers sell shares
Two officers of CopperQuest (CDN) sold shares in October. According to the Ontario Securities Commission’s OSC Bulletin, President James Parres bought 16,000 shares at an undisclosed price and sold 19…
Rembrandt directors facing lawsuit
Now that Rembrandt Gold Mines (ASE) has a 100% interest in the Polaris Taku gold property in northwestern British Columbia, International Precious Metals (IPM) is proceeding with plans to sue several …