A plan by Agnico-Eagle Mines (TSE) to acquire 533,333 shares of Sudbury Contact Mines (TSE) has been approved by regulators. In return, Sudbury will receive $2 million pursuant to the flow-through pri…
ALUMINUM: MW U.S. market US57.50-58.50 cents per lb. (Jan. 20, 1994). 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, 19…
In 1993, Asarco (NYSE) realized an average copper price of US87 cents per lb., down from US$1.04 the previous year. The New York City-based company received an average of US20 cents per lb. for lead, …
A previous article (T.N.M., Nov. 15/93) concerned the late Randy Mills (or “RPM,” as I call him), a fantastic promoter and financier in the period 1950-1976. He was a great man and a quiet giant among…
The Diavik project in the Northwest Territories has received some encouraging news. Analysis of kimberlite from the C-13 target returned 15 macrodiamonds and 40 micros from five holes and 269 kg of co…
Semi-monthly reports as of Jan 15, 1994 showed 82.1 million shares of 826 issues compared with 69.1 million shares of 800 issues on Dec 31, 1993. Larger individual positions included: Aber 151,000; Ag…
Vancouver-listed KRL Resources has drilled five holes on the Decker option in the Shining Tree area of northeastern Ontario. The first hole intersected 0.47 oz. gold per ton over 7.5 ft. and 0.047 oz….
A wholly owned subsidiary of the former Armada Gold (ASE), Trans Pacific Resources Group, is planning a drill program on a gold tailings project in southeastern Siberia. Trans Pacific controls 49% of …
CDN-listed International Gold Resources (IGR) has entered an option agreement with Adjumadium Mining to acquire a 51% participating interest in a 50-sq.-mile concession in Ghana, West Africa. The agre…
The Toronto Stock Exchange just keeps galloping along. January was the most active month ever, with 1.6 billion shares worth $19.8 billion changing hands. For six days, the daily value topped $1 billi…
Week’s Price (US) Change Gold* $384.95 + $3.95 Silver* $ 5.28 + $0.20 Platinum* $392.00 + $11.40 Nickel** $ 2.68 + $0.09 Lead** $ 0.23 $0.00 Copper $ 0.86 + $0.03 Zinc $ 0.46 + $0.01 Courtesy of Scoti…
Details have been made available of a geological symposium held in Whitefish, Mont. last summer. More than 100 geologists convened at the northwestern lake resort to share information on exploration o…
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