GUEST COLUMN — Forecasting the future of gold
Through continuous work with both production-consumption and price statistics I had come to the conclusion that, at least for long-term projec tions, supply and demand on the one hand and price on the…
News
LETTERS TO THE EDITOR — Mining taxes in Saskatchewan
There is no doubt that Manitoba is making a big effort to attract mining investment and your editorial (T.N.M., June 22/92) was timely. In your review of the Manitoba situation, you highlighted the ta…
LETTERS TO THE EDITOR — GAC members
Patrick Whiteway may be partially correct in his guest column (T.N.M., June 15/92) for the declining membership in the Geological Association of Canada (GAC). As an original member of GAC, I dropped m…
ICME elects Ellis as new chairman
Jeremy Ellis was elected as chairman of The International Council on Metals and the Environment (ICME) to replace its founding chairman, Keith Hendrick. Ellis is the chief executive officer of BHP Min…
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…
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 …