METAL PRICES — FREE MARKET (January 04, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec. 29 Dec.28 Dec.25 Dec.24 Dec. 23 Copper 1501-1503 N/A N/A 1462-1463 1466-1467 Le…
News
Oxygen supply for Brunswick
A contract to build and operate a multimillion-dollar vacuum pressure swing absorption oxygen plant at the Brunswick Mining and Smelting (TSE) plant at Belledune, N.B., was recently awarded to Praxair…
Eastfield expands Casino area holdings
Recent property acquisitions in the Yukon Territory will give Eastfield Resources (VSE) over 40 sq. km of ground adjacent and to the west of the Casino property owned by Pacific Sentinel Gold. Eastfie…
TORONTO STOCK EXCHANGE INDICES (January 04, 1993)
Dec.29 Dec.28 Dec.25 Dec.24 Dec.23 High Low Composite”300″3314.87 N/A N/A 3319.91 3323.16 4009.47 3009.91 Metals&Minerals 2769.70 N/A N/A 2741.40 2753.09 3453.06 2502.63 Integrated Mines2849.06 N/A N/…
PRODUCER PRICES (January 04, 1993)
ALUMINUM: MW U.S. market US57-58 cents per lb. (Dec. 25, 1992). 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. (Jun. 11, 1992). CA…
Study in progress for La Colorada
Proceeds of $552,000 received by Eldorado (VSE) from an initial public offering will be combined with revenue from gold sales to further advance the La Colorada gold project near Hermosillo, Mexico. E…
Aur options Jones Hill
Further exploration of the Jones Hill volcanogenic massive sulphide deposit will be carried out by Aur Resources (TSE), which recently optioned the New Mexico project from Champion Resources (VSE). Au…
Quinto closes funding deal with investment syndicate
A previously announced funding agreement between Quinto Mining (VSE) and a U.S. investment syndicate was recently finalized. In return for $4 million in funding, the syndicate will earn a 50% interest…
New Canamin drilling to resume
Drilling is expected to resume on the Huckleberry porphyry copper property near Kemano, B.C., this month. The drilling will complete the planned 1992 program which was recently suspended because of he…
Teck buys shares of Northern Crown
A planned private placement of 770,000 shares at 65 cents each will give Teck (TSE) an initial 15.5% holding in Northern Crown Mines (VSE). The placement includes warrants to purchase an additional 95…
1992 — A LOOK BACK — Permitting delays slow U.S. projects
Although a number of companies did manage to bring new mining projects in the U.S. into operation during the year, numerous others continue to face delays in receiving environmental permits. Atlas (NY…
Core libraries contain wealth of information
A wealth of geological knowledge is stored across the province in eight Ontario government drill core libraries. The facilities are much like regular libraries, but instead of books, they contain diam…