Customer cuts Uranium deliveries
The largest customer of Uranium Resources (TSE) has reduced significantly the amount of 1993 deliveries. The company says the client has cut back its requirements for its nuclear reactors to 72,000 lb…
News
McLeod calls off Falconbridge deal
Mining financier Dennis McLeod has elected not to go ahead with a previously announced proposal to purchase from Falconbridge a 56.4% interest in Falconbridge Gold (TSE). In April, Portree Inc., a pri…
Control changes at Bull Run
Norman Burmeister, president of Bull Run Gold Mines (NASDAQ), recently sold all his shareholdings in the company to the Robinson-Prather Partnership. The purchase price for Burmeister’s 1.284 million …
TORONTO STOCK EXCHANGE INDICES (July 20, 1992)
July 14 July 13 July 10 July 9 July 8 High Low Composite”300″3463.17 3449.23 3447.55 3439.75 3418.38 4009.47 3009.91 Metals&Minerals 3210.36 3203.69 3203.87 3201.46 3172.31 3453.06 2502.63 Integrated …
STOCK MARKETS — Rising gold stocks give TSE 300 index a
A firmer gold price rode to the rescue of an otherwise flat market during the week ended July 14 as the yellow metal hit US$350.90 in London, up US$3.25 from last week. Bolstered by the exaggerated in…
METAL PRICES — FREE MARKET (July 20, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds ster ling per tonne) Date July 14 July 13 July 10 July 9 July 8 Copper 1310-1311 1301-1302 1294-1295 1332-133…
Royal Oak financing raises $12 million
Gross proceeds of $12 million were reported by Royal Oak Mines (TSE) from the recent sale of 7.27 million special warrants at $1.65 each. The special warrants were sold by First Marathon and ScotiaMcL…
Miramar pulls high-grade intersection
Recent drilling on the Golden Eagle property, formerly known as the Flowery mine, returned a 60-ft. intersection from 110 ft. to 170 ft., grading an average of 1.08 oz. gold per ton. The Golden Eagle …
Fluor, Davy McKee awarded contract by Kennecott
A contract to provide engineering, procurement and construction management for the Utah copper smelter modernization project of Kennecott was awarded to Fluor Daniel Inc. and Davy McKee Corp. The cont…
Swansea arranges bulk testing
An agreement covering the additional bulk testing of 35,000 tonnes from the Montana Ruby Creel alluvial gold deposit in Montana has been signed with a state-based contractor, Swansea Gold Mines (CDN) …
Curragh charged with Faro violations
Base metal producer Curragh (TSE) is facing charges under the Occupational Health and Safety Act after officials from the Yukon Workers’ Compensation Board paid a routine visit to the company’s Faro z…
Forum to focus on the environment
It’s a mouthful — The Second International Conference on Environmental Is sues and Management of Waste in Energy and Mineral Production — but with the heightened concerns over acid mine generation, …