Toronto Stock Exchange Indices (June 07, 1993)
— Week — Jun 1 May 31 May 28 May 27 May 26 High Low Composite”300″ 3856.87 3882.68 3866.44 3869.72 3865.17 3883.42 3854.32 Metals&Minerals 2907.15 2952.02 2937.53 2944.09 2927.40 2952.02 2907.15 Int…
News
Silver demand rises in key regions
Demand for silver exceeded total new supply by 88.6 million oz. in 1992, the third consecutive year the market has been in a net deficit position, according to a survey released today by the Washingto…
LETTERS TO THE EDITOR — India welcomes Canadian miners
I was recently in India visiting mining establishments under the auspices of the United Nations Development Program (UNDP). Canadian mining companies and entrepreneurs will be interested in the econom…
OBITUARY — C.W. Pegg
Charles William Pegg, a well-known exploration geologist who helped find several orebodies in Canada, died recently at age 67. Mr. Pegg was credited with locating the Mobrun deposit near Rouyn/Noranda…
OBITURARY — J.A. Sauerbrei
A director of exploration with Inco Exploration and Technical Services, John Allan Sauerbrei, died recently of cancer in Sudbury, Ont. He was 55. The Queen’s University graduate (with a B.Sc. and M.Sc…
DIAMOND PAGE — Tan Range and Naxos
Tan Range Exploration (ASE) says diamond-washing equipment is on its way to Tanzania in preparation for grade evaluation of the company’s concessions in the northern part of the country. The Vancouver…
STOCK MARKETS — Asbestos Corp. soars as court rejects Quebec
Investors of Asbestos Corp had reason to rejoice during the week ended June 1 as the stock skyrocketed to $48 for a gain of $24.50. The battle by Asbestos Corp’s minority shareholders to win a fair he…
STOCK MARKETS — Western markets advance despite gold’s
Although gold pulled back from the US$380 level, dropping almost US$10 in a single day to the US$370 level, Western markets continued their advance. The Vancouver Stock Exchange resource index gained …
Spot prices at a glance (June 07, 1993)
Week’s Price (US) Change Gold* $368.25 $9.00 Silver* $ 4.37 $0.19 Platinum* $389.25 $0.85 Nickel** $ 2.55 $0.02 Lead** $ 0.18 $0.00 Copper $ 0.82 $0.01 Zinc $ 0.42 $0.02 Courtesy of Scotiabank. Inform…
Juniors swarm Pipeline area near Placer find
Major mining companies may dominate Nevada, but juniors are spearheading an exploration boom on properties surrounding the Pipeline gold discoveries in Crescent Valley. The Pipeline deposits are on th…
DIAMOND PAGE — In Ontario and Quebec . . . Drill results
Results are beginning to trickle in from a 73-hole reverse circulation drill program on ground held by Sudbury Contact Mines (TSE) in the Kirkland Lake diamond camp, says exploration geologist Peter H…
PRODUCER PRICES (June 07, 1993)
ALUMINUM: MW U.S. market US52.00-53.00 cents per lb. (May 27, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 26, 1993). BISMUTH: MW New York dealer US$2.50-2.70 per lb. (Mar. 26, 1993…