Spot prices at a glance (November 01, 1993)
Week’s Price (US) Change Gold* $368.65 $2.95 Silver* $ 4.39 $0.10 Platinum* $372.75 $2.50 Nickel** $ 2.01 $0.11 Lead** $ 0.18 $0.00 Copper $ 0.72 $0.01 Zinc $ 0.41 $0.01 Courtesy of Scotiabank. Inform…
News
TSE INDICES (November 01, 1993)
Week Oct 26 Oct 25 Oct 22 Oct 21 Oct 20 High Low Composite”300″ 4187.15 4155.26 4153.81 4163.05 4182.24 4187.81 4143.38 Metals&Minerals 3002.05 2994.54 2996.72 3026.61 3034.56 3059.21 2971.81 Integrat…
Noranda swings Chinese deal
The copper smelting technology of Noranda Copper Smelting and Refining, a unit of Noranda (TSE), will be exported to China. The decision is the result of an agreement with the China National Nonferrou…
Orco extracts sample
Preliminary milling results from the Donalda project at Rouyn-Noranda, Que., indicate an average grade of 7.13 grams gold per tonne and a recovery rate of 95%. The results are from the milling (in a f…
Goldquest merging with Dickenson subsidiary
Toronto-listed Dickenson Mines has proposed that a wholly owned subsidiary amalgamate with Goldquest Exploration (CDN). Goldquest shareholders would receive Dickenson class A shares at an exchange rat…
Shambles of former Soviet state root cause of misery in
The turmoil in world metal markets is forcing mine operators and refiners to gradually reduce output substantially. Such cutbacks are necessary if the balance among production, consumption and high in…
Rea set to acquire Nevada gold project
A letter of intent gives Rea Gold (TSE) a purchase option on the Mt. Hamilton gold project in eastern Nevada. The option is part of an agreement with owner Costain Minerals. In return, Rea must pay Co…
STOCK MARKETS — TSE gold and silver index rises to the
The Toronto Stock Exchange gold and silver index very nearly revisited the high set late this summer of 10,114.96. Late in our report period, on Oct. 26 to be precise, it came within a hair of that le…
METALS MARKETS — FREE MARKET (November 01, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Oct. 26 Oct. 25 Oct. 22 Oct. 21 Oct. 20 Copper 1596-1597 1623-1624 1615-1616 1616-1617 1621-1622 Lead 393-394 398-400 401-402 397-398 38…
PEOPLE — SHAMROCK RESOURCES (November 01, 1993)
Peter Kutney Hugh Mogenson and O. Devlin appointed directors.
PEOPLE — BELMONT RESOURCES (November 01, 1993)
Paul Pang elected presi- dent and director; Kenneth Liebscher, Gary Musil and Jake Bottay appointed directors.
Monk sells Sol Wood interest to Sikaman
Alberta-listed Monk Gold & Resources has sold to Sikaman Gold Resources (TSE) its 7.5% interest in the Sol Wood placer mine in Sierra Cty., Calif. In return, Monk will receive a $193,000 convertible d…