Chase continues Taysan drilling
Drilling on the Taysan project in the Philippines is confirming expectations of Chase Resource (VSE). Chase is working to identify a higher-grade core of copper-gold mineralization within an estimated…
News
Spot prices at a glance (May 03, 1993)
Week’s Price (US) Change Gold* $349.70 + $10.55 Silver* $ 4.05 + $0.14 Platinum* $374.75 + $5.00 Nickel** $ 2.68 $0.02 Lead** $ 0.19 $0.00 Copper $ 0.85 + $0.01 Zinc $ 0.46 $0.00 Courtesy of Scotiaban…
LATIN AMERICA ROUNDUP — Minera raises $25 million
Toronto-based Minera Rayrock (TSE) will raise $25 million to explore and develop its Chilean properties by selling 12.5 million special warrants at $2 per warrant. The company is also planning to reor…
TSE Short Positions (May 03, 1993)
Semi-monthly reports as of Apr. 15, showed 66,505,462 shares of 661 issues compared with 61,066,784 shares of 662 issues on Mar. 31. Larger individual positions included: Aber 112,290, up 52,190; Adex…
Toronto Stock Exchange Indices (May 03, 1993)
Apr.27 Apr.26 Apr.23 Apr.22 Apr.21 High Low Composite”300″ 3691.22 3683.81 3685.42 3665.71 3663.65 4009.47 3009.91 Metals&Minerals 2856.26 2829.40 2814.06 2812.59 2857.25 3453.06 2502.63 Integrated Mi…
LATIN AMERICA ROUNDUP — Vengold plans major financing
Recently improved gold prices should enable three major brokerage houses to complete a $42-million private placement for Venezuelan Goldfields (VSE). First Marathon Securities, Yorkton Securities and …
LATIN AMERICA ROUNDUP — Drilling expands Petaquilla
With the completion of a first phase of drilling on the Petaquilla property in Panama, Adrian Resources (VSE) believes the potential geological resource is over and above the one billion tons identifi…
Mineral programs axed under new federal budget
Under the recent federal budget, Ottawa will no longer renew federal-provincial Mineral Development Agreements (MDAs) when they expire. The decision is part of the government’s plan to reduce spending…
Wheaton releases test results
The first phase of metallurgical testing at the Omni polymetallic project in the Yukon is complete, reports Wheaton River Minerals (TSE). At Lakefield Research, a mineral-processor near Peterborough, …
Metals Markets — Metals market conditions volatile
Market conditions have entered a period of unusual volatility. Refinery producers of all metals are aggressively selling product to maintain market share, keep costs low and reduce inventories. Unless…
Deak reports loss in 1992
Citing low gold prices and a decrease in gold production and grade at its Kerr mine near Virginiatown, Ont., Deak Resources reported a net loss of nearly $8 million in 1992. That compares to a profit …
Ramrod to buy FORS interest
Consolidated Ramrod Gold (TSE) intends to buy Chapleau Resources’ (VSE) interest in the FORS and Jor properties in southeastern British Columbia. The purchase price is $1.5 million. Meanwhile, Chaplea…