Arimetco, Breakwater settle accounts
The recent settlement of all amounts owed to Arimetco International (TSE) by Breakwater Resources (TSE) will result in the cancellation of receivables totaling about $5 million. In return for cancelin…
News
Viceroy, Mink plan work in Mali
Mink Mineral Resources (VSE) will soon begin a second phase of exploration on the Niaouleni gold concession in Mali. Viceroy Resources (TSE) is funding the work through an option to earn a 70% interes…
Corrections (October 04, 1993)
The Great Diamond Debate, reported on in a story last week, failed to mention that the conference was the Las Vegas “Investment in Mining Conference” held in Las Vegas, Sept. 15-18.
NEWS IN BRIEF (October 04, 1993)
Weaco Resources (WEO:VSE) has changed its name to Hayden Resources (HRL:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Pacific Corporate Trust.
ELECTION ’93 — MINING FOR ANSWERS — Liberal Party warns of
In preparation for the Oct. 25 federal election, The Northern Miner has asked representatives of four of the main political parties to respond to a series of questions pertaining to mining. All repres…
GOLD FUNDS (October 04, 1993)
BGR Central Net Value $13.13 $5.69 Price $11.88 $6.250 Discount 9.55% 9.8% Value $73,540,000 $113,120,625…
FINANCING (October 04, 1993)
Teryl Resources Corp. — 800,000 units @ 54 cents.
Ballatar reports on Nevada drilling
A 6-hole reverse circulation program has been carried out by Ballatar Explorations (VSE) on the AR claims, near the Sleeper gold mine in Humboldt Cty., Nev. The 4,100-ft. program returned only trace a…
Canary system
Three organizations involved in a joint research-and-development project have received an R&D 100 award for a wireless paging and emergency warning system for underground mines. The recipients are Nor…
FREE MARKET (October 04, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Sept. 28 Sept. 27 Sept. 24 Sept. 23 Sept. 22 Copper 1722-1723 1756-1757 1759-1760 1743-1744 1755-1757 Lead 364-365 364-365 366-367 358-3…
STOCK MARKETS — Gold emerges unfazed by tense Russian
A continuing standoff at the Russian Parliament buildings had little, if any, effect on the price of gold over the trading period ended Sept. 28. The yellow metal finished little-changed at the US$355…
PRODUCER PRICES (October 04, 1993)
ALUMINUM: MW U.S. market US52.50-53.00 cents per lb. (Sept. 16, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.60 per lb. (Sept. 9, 19…