Pickard praises co-operative spirit
A co-operative spirit between the mining industry and government exists in Manitoba, according to the president of Falconbridge. Addressing the business section of the Manitoba Mining, Minerals and Pe…
News
LETTERS TO THE EDITOR — Let’s discuss it: securities dealer
I am writing to point out the manner in which the Ontario Securities Commission (OSC) and Ontario’s New Democratic Party government handled taxpayers’ dollars in their attempt to create and implement …
Chinese coins to honor Mao
A former leader of China is to be honored through the issue of gold and silver coins. A Chinese news agency reports that the coins will mark the centenary this month of the birth of Mao Tse-tung. The …
Teck financing
Taking advantage of the recent surge in mining share prices, Teck (TSE) is selling 4.5 million B common shares at $23.25 each. The group of underwriters, led by Gordon Capital, Nesbitt Thomson and CF …
STOCK MARKETS — Yellow metal adds shine to western markets
Continued strength in gold helped western markets as the Vancouver Stock Exchange resource index posted a 36.79-point jump to 1,573.52. The composite index remained relatively quiet, edging up just ov…
COMMENTARY — Increased fines for tax cheaters might be to
The so-called “underground economy” is estimated to be about one-fifth the size of its legitimate counterpart. Considering that the average Canadian pays 45% of his or her salary in various taxes (inc…
LETTERS TO THE EDITOR — Wawa office now `historical
On Dec. 3, the Resident Geologist’s office in Wawa became a historical artifact of the Ontario Ministry of Northern Development and Mines. In spite of the valuable contribution it was making to explor…
PEOPLE — ARROWHEAD RESOURCES
William Kraus appointed director; Robin Lockhart appointed chief financial officer.
PRODUCER PRICES (December 20, 1993)
ALUMINUM: MW U.S. market US51.25-50.25 cents per lb. (Dec.2, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993…
Metal Prices (December 20, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 14 Dec. 13 Dec. 10 Dec. 9 Dec. 8 Copper 1723-1724 1747-1749 1717-1718 1677-1678 1674-1675 Lead 463-464 473-474 459-460 456-457 447-…
Menora completes Altai placement
Toronto-based junior Menora Resources (ME) has closed a private placement with parent Altai Resources (TSE). The placement, consisting of 1.6 million shares at 20 cents each, is expected to net $320,0…
Carson raises $12.9 million
A private placement of special warrants will give Carson Gold (VSE) additional funds to acquire properties in Latin America. The company reached an agreement with Burns Fry (which will act as lead bro…