Strong proposes overhauling Ontario Hydro
Ontario Hydro Chairman Maurice Strong, who recently announced a major overhaul of the provincial utility, will speak at the April 29 luncheon of the Toronto branch of the Canadian Institute of Mining,…
News
Challenger conducts EM survey at Marshall Lake property
A surface pulse electromagnetic (EM) survey is under way on Challenger Minerals’ (TSE) Marshall Lake base metal property, 160 miles northeast of Thunder Bay, Ont. The survey is searching for the down-…
INSIDER TRADING — Rhonda insider buys on drilling
About the time Rhonda Mining (ASE) resumed drilling in the Fort a la Corne diamond area of Saskatchewan, Chairman John Alston raised his stake in the junior by 35%. According to the Ontario Securities…
Spot prices at a glance (March 22, 1993)
Week’s Price (US) Change Gold* $328.65 + $2.15 Silver* $ 3.66 + $0.09 Platinum* $348.45 + $3.45 Nickel** $ 2.68 – $0.04 Lead** $ 0.18 – $0.01 Copper $ 0.98 + $0.01 Zinc $ 0.45 $0.00 Courtesy of Scotia…
STOCK MARKETS — Investors remain attracted to Kilometre 88
The Vancouver Stock Exchange resource and composite indices slowed their advances during the week ended March 16, 1993. Since the start of the year, the resource index has gained more than 25% at its …
PRODUCER PRICES (March 22, 1993)
ALUMINUM: MW U.S. market US54-55 cents per lb. (Mar. 4, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CAD…
Toronto Stock Exchange Indices (March 22, 1993)
Mar.16 Mar.15 Mar.12 Mar.11 Mar.10 High Low Composite”300″3556.77 3562.05 3548.06 3552.42 3551.99 4009.47 3009.91 Metals&Minerals 2885.30 2888.00 2902.97 2806.14 2931.29 3453.06 2502.63 Integrated Min…
Canmine drilling continues on Fer
Canmine Resources (CDN) has completed 11 holes on its Fer property in northern Manitoba. Each hole contains two or three gently dipping massive sulphide layers, each of which averages five feet in thi…
Kennecott to close Alaskan zinc mine
Kennecott, the U.S. subsidiary of RTZ, is ceasing production at its 53% owned Greens Creek zinc-lead-silver mine, near Juneau, Alaska. The closure, which will eliminate 230 jobs, is due to low metal p…
Athabasca rejects Mongolian deal
Vancouver-based Athabaska Gold (VSE) has backed away from a letter of intent to earn an interest in the Bumbat gold field in the Republic of Mongolia. Athabaska elected not to proceed with an option t…
Ego to purchase cobalt recovery company Cobatec
Shares of Ego Resources (TSE) reached a 52-week high of 83 cents recently when the company agreed to purchase a private company that has developed a low-cost process to recover cobalt from high-grade …
Lac must drop Lisheen offer
A deal by which Lac Minerals (TSE) would have acquired control of an Irish zinc-lead deposit has fallen through. Lac was offering US$70 million for a 52.5% interest in the Lisheen property belonging t…