PEOPLE — PINEGROVE RESOURCES
Frank Roberts appointed director and president; Suzanne Wood appointed director.
News
LETTERS TO THE EDITOR — Politics, Shoal Lake water don’t
I have been hearing a lot about mining developments at Shoal Lake in northwestern Ontario. So far, there has been a lot of heat but no light from Manitoba. Comments in the local press attributed to Co…
LETTERS TO THE EDITOR — Pronto details are clarified
Your tribute to Paul Young (T.N.M., Mar. 8/93), longtime mining engineer and mine manager with Rio Algom, contained some minor inaccuracies deserving of clarification. The Pronto mine (1955-1960), fir…
STOCK MARKETS — Gold issues help fuel a record trading
Diamonds may have been the most talked about investment at the recent convention of the Prospectors and Developers Association of Canada in Toronto, but while miners were busy promoting “bull’s-eye” t…
STOCK MARKETS — Panamanian plans give Adrian share price a
The spot price of gold finally broke out of its narrow trading range around the US$330-per-oz. level, gaining more than US$6 per oz. to finish the week ended March 30 at about US$337. The Vancouver St…
Spot prices at a glance (April 05, 1993)
Week’s Price (US) Change Gold* $336.90 + $5.60 Silver* $ 3.89 + $0.24 Platinum* $361.75 + $4.85 Nickel** $ 2.77 + $0.04 Lead** $ 0.19 + $0.01 Copper $ 0.97 $0.02 Zinc $ 0.45 $0.00 Courtesy of Scotiaba…
TORONTO STOCK EXCHANGE INDICES (April 05, 1993)
Mar.30 Mar.29 Mar.26 Mar.25 Mar.24 High Low Composite”300″3586.11 3585.25 3599.74 3612.04 3603.70 4009.47 3009.91 Metals&Minerals 2916.94 2911.06 2921.27 2939.99 2950.00 3453.06 2502.63 Integrated Min…
PRODUCER PRICES (April 05, 1993)
ALUMINUM: MW U.S. market US53.75-54.50 cents per lb. (Mar. 26, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 11, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
Noranda to sell Louvem shares
The controlling shareholder of Societe Miniere Louvem (TSE), Noranda Minerals, wants to sell its block of 11,474,000 Louvem shares to the highest bidder. In August 1989, Noranda acquired an interest i…
Eastern Stone raises Belrose interest
Eastern Stone Products (ASE) is set to acquire a further 25% interest in Belrose Minerals, bringing its total interest to 75%. In exchange for the interest, Belrose will be issued 500,000 shares of Ea…
Goldbelt seeks tailings funding
Despite political uncertainty in the former Soviet Union, Goldbelt Resources (VSE) expects to complete financing by the third quarter of 1993 for construction of a gold tailings project in Kazakhstan….
Dundee sells shares in Baja, Yorbeau
Toronto-based Dundee Bancorp (TSE) has sold its 12.1% interest in Baja Gold (TSE) and its 16.9% interest in Yorbeau Resources (ME) to 1021105 Ontario, a new natural resource company (T.N.M., Mar. 22/9…