NEWS ROUNDUP — Agnico finances Goldex purchase
To finance the acquisition of the remaining interest in the Goldex gold deposit in Quebec, Goldex Mines (TSE) has issued 1.78 million flow-through shares at $1.15 to parent Agnico-Eagle Mines (TSE). T…
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NEWS ROUNDUP — Dundee to reduce company’s holdings
In connection with an issuer bid by its subsidiary DCC Equities to its minority shareholders, Dundee Bancorp (TSE) plans to reduce its direct and indirect investments in Black Hawk Mining (TSE), Break…
CORPORATE TRENDS — Placer to increase copper output
Placer Dome the gold producer has resolved to become Placer Dome the gold-copper producer. The shift recognizes there is money to be made in future years from copper, a building block for world develo…
Workshop focus on diamond exploration
An all-day workshop on practical diamond exploration in North America will take place March 27 at Toronto’s Royal York Hotel in conjunction with the 1993 convention of the Prospectors and Developers A…
More about diamonds (February 08, 1993)
Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. and Alberta — Minerais Barexor (ME) and Nevsun Resources (VSE) have reached an agreement whereby Nevs…
STOCK MARKETS — Noranda hammered by selloff of Edper
Shaken by a selloff of the Edper Bronfman stocks, including Noranda, The Toronto Stock Exchange’s 300 composite index managed a gain of only 10 points during the week ended Feb. 2. Even though Noranda…
Toronto Stock Exchange Indices (February 08, 1993)
Feb.2 Feb.1 Jan.29 Jan.28 Jan.27 High Low Composite”300″3321.83 3310.92 3305.47 3307.92 3311.64 4009.47 3009.91 Metals&Minerals 2774.96 2765.51 2773.54 2782.42 2806.21 3453.06 2502.63 Integrated Mines…
STOCK MARKETS — Market action focuses on players at
Western markets continued to charge ahead during the period ended Feb. 2, posting a number of successive new highs not seen for more than two and a half years. The Vancouver Stock Exchange composite i…
Spot prices at a glance (February 08, 1993)
Week’s Price (US) Change Gold* $329.60 – $1.00 Silver* $ 3.67 – $0.01 Platinum* $359.60 – $3.90 Nickel** $ 2.62 – $0.01 Lead** $ 0.19 $0.00 Copper $ 1.01 – $0.01 Zinc $ 0.50 + $0.02 Courtesy of Scotia…
Ariel acquires adjacent ground
Costa Rican gold producer Ariel Resources (VSE) has increased substantially its reserve position by acquiring the San Martin property adjacent to its Tres Hermanos mining operation. Ariel says it paid…
Metal Prices — FREE MARKET (February 08, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 2 Feb. 1 Jan. 29 Jan. 28 Jan. 27 Copper 1536-1537 1521-1522 1497-1498 1493-1494…
PRODUCER PRICES (February 08, 1993)
ALUMINUM: MW U.S. market US56-57 cents per lb. (Jan. 28, 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). CA…