St Andrew acquires Goldpost properties
Junior gold producer St Andrew Goldfields (TSE) has acquired three properties near Matheson, Ont., from Goldpost Resources (TSE). The Hislop East, Holcorp and Valliere properties were acquired in exch…
News
Spot prices at a glance (August 09, 1993)
Weeks Price (US) Change Gold* $400.65 + $8.85 Silver* $ 5.29 + $0.22 Platinum* $417.75 + $12.15 Nickel** $ 2.22 – $0.02 Lead** $ 0.18 $0.00 Copper $ 0.88 $0.00 Zinc $ 0.42 $0.00 Courtesy of Scotiabank…
METAL PRICES — FREE MARKET (August 09, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 3 Aug. 2 July 30 July 29 July 28 Copper 1946-1947 1960-1961 1971-1972 1960-1962 1954-1955 Lead 390-392 390-391 391-392 392-393 394-…
ODDS ‘N’SODS — Airplanes and prospecting (2)
Airplanes and prospectors were to form an interesting new bond following the Second World War. The U.S. had developed an airborne system for finding submerged German U-boats, which detected the magnet…
FINANCING (August 09, 1993)
Kettle River Resources Ltd. Private placement of 75,000 units @ $16.00 and each unit consists of sh and wt. Aztec Resources Ltd. 1,400,000 shs @ $2.90. Exall Resources Ltd. 3,720,000 units @ $1.50 per…
METAL MARKETS — Precious metals buoy summer markets
Bull market news continued to buoy precious metals markets as prices maintained the upward surge which began in March. Analysts have proposed a host of reasons for the prolonged advance, but most of t…
Chase nets $2.75 million
Chase Resource (VSE) has received $2.75 million following the exercise of certain series A warrants and non-transferable agents warrants. About 1.5 million warrants were originally issued as part of a…
MDAs in Alberta yield valuable data
Preliminary results from Albertas first mineral development agreements (MDAs) show that brines and uranium have the greatest mining potential. Nevertheless, the greatest demand, by far, is for informa…
Serem adds to Cheni Gold position
French government-controlled Serem has bought an additional 1.4 million shares of Cheni Gold Mines (TSE) in accordance with a 1992 subscription agreement. Serem, which is based in Paris, can buy up to…
Drilling completed by Hillsborough at El Oro
Partners Hillsborough Resources (TSE) and publicly owned Industrias Luismin S.A de C.V. have completed the initial phase of exploration drilling on the San Rafael vein in Mexicos El Oro gold district….
TORONTO STOCK EXCHANGE INDICES (August 09, 1993)
Week Aug 3 Aug 2 Ju1 30 Jul 29 Jul 28 High Low Composite”300″ 3976.50 N/A 13967.23 3957.55 3923.10 13979.05 3918.72 Metals&Minerals 3006.45 N/A 12932.49 2916.27 2920.94 13007.28 2916.27 Integrated Min…
More job losses at Trail smelter
Toronto-listed Cominco has laid off 190 union employees at its smelter complex in Trail, B.C., bringing the total number of layoffs this year to 285. The company said the job losses are part of a cont…