METAL PRICES — FREE MARKET (November 23, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov. 17 Nov. 16 Nov. 13 Nov. 12 Nov. 11 Copper 1405-1406 1402-1403 1384-1385 1410-14…
News
Inuit approve land settlement
A $580-million land claim settlement with the federal government covering the eastern portion of the Northwest Territories was recently approved in a referendum by Inuit voters. About 80% of those eli…
TORONTO STOCK EXCHANGE INDICES (November 23, 1992)
Nov. 17 Nov. 16 Nov. 13 Nov. 12 Nov. 11 High Low Composite”300″3218.52 3236.39 3269.33 3283.78 3286.39 4009.47 3009.91 Metals&Minerals 2529.21 2553.42 2589.46 2624.54 2661.24 3453.06 2502.63 Integrate…
Echo Bay fails TSE 35 test
Shares of Echo Bay Mines (TSE) may be dropped from The Toronto Stock Exchange’s 35 index if the company fails to meet certain criteria by year-end, the exchange reports. The index consists of the 35 m…
U.S. ROUNDUP — CanTung takes plant writedown
The 56% owned subsidiary of Amax (NYSE), Canada Tungsten Mining (TSE), has announced a writedown of its ammonium paratungstate plant at Fort Madison, Iowa. The long-term leasehold value of the plant h…
INSIDER TRADING — Barrick executive exercises options
Another executive at American Barrick Resources (TSE) has profited on the gold producer’s financial performance. Senior Vice-President Kenneth Thomas more than doubled his money in October when he exe…
U.S. ROUNDUP — Minnova options Blue Dog
A work program operated by Minnova (TSE) is now under way on Gold Canyon Resources’ (VSE) Blue Dog gold project in Washington Cty., Idaho. Minnova recently signed a formal agreement and can earn up to…
NEWS ROUNDUP — Beauchamps plans drilling program
Surface work, including linecutting and trenching has been completed at the Veneuil Twp. gold property in northwestern Quebec, Beauchamps Exploration (VSE) reports. The company says a new zone 1.5 mil…
Mineral industry must be aggressive agenda-setter
Participants at a recent seminar hosted by the Centre for Resource Studies in Toronto were told the Canadian mining industry must become an agenda-setter rather than an agenda item if it wants to main…
Lyndex raises exploration funds
Lyndex Exploration (CDN), which has raised $200,000 via a private placement of 1,000,000 treasury shares on a flow-through basis, is embarking on an exploration program in Ontario’s Timmins Kidd Creek…
NEWS ROUNDUP — Central Crude drills Moss Lake
Drilling by Central Crude (TSE) continues at the Moss Lake gold prospect in northwestern Ontario, Tandem Resources (ME) and Storimin Exploration (ASE) report. Four holes have been completed, with good…
More high-grade copper intersected at Cerattepe
Recent drilling by Cominco Resources International (TSE) intersected exceptional thicknesses of high-grade copper mineralization within the previously defined limits of the Cerattepe copper deposit in…