EDITORIAL PAGE — De Beers’ move
Could it be that the almighty De Beers feels threatened by the Canadian diamond rush? In an uncharacteristic move last month, the diamond kingpin announced that the market for rough stones looks shaky…
News
Cave-ins occur despite precautions
Hard-rock miners in Canada have an enviable record where mining accidents are concerned. They were late starters into the business and were able to build on the hard-earned corpus of mining law genera…
Cayouette elected QMA president
The new president of the Quebec Mining Association (QMA) is Patrice Cayouette, a native of Bonaventure, Gaspe, Que. Cayouette succeeds Paul Bedard in the 1-year post. Involved in Quebec’s mining indus…
Spot prices at a glance (September 07, 1992)
Week’s Price (US) Change Gold* $340.40 + $0.05 Silver* $ 3.72 + $0.07 Platinum* $355.50 + $6.00 Nickel** $ 3.25 – $0.05 Lead** $ 0.29 – $0.01 Copper $ 1.13 – $0.01 Zinc $ 0.64 + $0.01 Courtesy of Scot…
Diamond issues are active but market indices decline
Companies with ground positions in the Lac de Gras region of the Northwest Territories or active in diamond exploration elsewhere took top spots on western markets during the report period ended noon,…
DIAMOND GEMS — A collection of unconfirmed reports
. . . Monopros, the Canadian arm of De Beers, has moved a drill rig onto its diamond claims near Hardy Lake, N.W.T. The cash-rich explorer is expected to follow up results of soil samples that fill, o…
METAL PRICES — FREE MARKET (September 07, 1992)
341.70(342.65) NA 340.00(340.50) 339.00(338.75) 338.50(340.35) Gold … Bank of Nova Scotia, noon bid/ask $US per oz. 340.50-344.00 341.50-345.00 338.00-341.50 337.00-340.50 337.00-340.50 Silver … L…
METAL MARKETS — Sluggish economic recovery keeps metal
The “dog days” of summer are gone and the increased gridlock of the European, East Bloc, Japanese and U.S. economies are the current preoccupation of market analysts. Industry news and government move…
TORONTO STOCK EXCHANGE INDICES (September 07, 1992)
Sept. 1 Aug. 31 Aug. 28 Aug. 27 Aug. 26 High Low Composite”300″ 3407.63 3402.92 3403.02 3392.60 3383.00 4009.47 3009.91 Metals&Minerals 2924.51 2949.71 2973.06 2969.71 2951.96 3453.06 2502.63 Integrat…
Bard ends negotiations
Negotiations were recently terminated between Bard Silver and Gold (VSE) and Stewart Blusson in connection with a previously announced reverse takeover of the company. The company intends to seek resu…
INSIDER TRADING — Gummer profits from Rhonda rally
Driven by its growing portfolio of base metal, gold and diamond prospects, Rhonda Mining (ASE) jumped from 40 cents in mid-April to a high of $4.30 recently. In late July, President Peter Gummer took …
Dufresnoy proposes reverse stock split
The board of directors of Dufresnoy, Societe d’Exploration Miniere (ME) have proposed a reverse split of the capital stock of the company based on a ratio of five class A shares for one new common sha…