Conference targets industrial minerals
Industrial mineral suppliers, consumers, traders and consultants from across North America and Europe converged on Toronto recently for the Canadian Conference on Markets for Industrial Minerals. Dele…
News
THE DIAMOND PAGE — Results pending from Yamba Lake
In the Northwest Territories, results are still awaited from additional holes drilled in the Yamba Lake region where the latest kimberlite discoveries were made. This project is a joint venture involv…
STOCK MARKETS — Resource index boosted by Yamba Lake
The election of a new parliament, of course, has little effect on western markets, although gold investors may take heart in the Grits’ historically looser monetary policy and the resulting effect on …
FINANCING (November 01, 1993)
Franco-Nevada Mining — One million units, each consisting of sh and wt @ $75 per unit. Redfern Res. — 1.8 million units issued on the exercise of special wts @ $2.75 per special wt. Kinross Gold — …
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…
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…