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Metal Prices — FREE MARKET (May 31, 1993)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 25 May 24 May 21 May 20 May 19 Copper 1190-1191 1178-1179 1183-1184 1176-1177 11…



Firstmiss Gold posts $4 million loss

Several factors have contributed to a loss of $4 million in the third quarter for Firstmiss Gold (NASDAQ). These include a $1-million writedown of low-grade ore stockpiles, high operating costs due to…




Hemlo’s Freewest stake jumps to 27%

Toronto-based Hemlo Gold Mines (TSE) will increase to 27% its interest in Freewest Resources (TSE) by acquiring one million shares of the junior under a financing agreement signed in 1989. The common …


Toronto Stock Exchange (May 31, 1993)

— Week — May 25 May 24 May 21 May 20 May 19 High Low Composite”300″ 3859.91 N/A 3835.99 3831.59 3811.29 3859.91 3801.34 Metals&Minerals 2916.19 N/A 2880.75 2900.64 2882.36 2925.62 2860.54 Integrated…


BM&S exploring

Toronto-listed Brunswick Mining and Smelting has earmarked $37.5 million over the next five years to find ore within trucking distance of its New Brunswick operation. If this search proves fruitless, …



Great Lakes gears up for production

It has been three long years since Great Lakes Minerals first listed on the Toronto Stock Exchange and embarked on a quest to join the select group of Canadian juniors that can boast an operating cash…


Cash cost drops for gold producers

The average cash cost of Western gold producers dropped to US$247 per oz. in 1992 from US$260 the previous year, Gold Fields Mineral Services reports in its Gold 1993 report. otal average production c…


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