EDITORIAL PAGE — 1993 report card
This was the year the world came knocking on Canada’s mining door. Representatives from countries around the globe came to entice Canadian explorers abroad. They came for our mine-finding and mine-bui…
News
NEWS IN BRIEF (December 27, 1993)
Ashgrove Energy (ASH:ASE) has changed its name to Ashgrove Energy (ASG:ASE) on a 1-new-for-6-old-share basis.
Nucore, New Aegis plan Venezuelan work
A second phase of work is planned for the NCJ gold concession in east-central Venezuela. A 1993 program by owners Nucore Resources (VSE) and New Aegis Resources (VSE) focused on geochemical and geophy…
Heath in Cuban drilling venture
An affiliate of Heath & Sherwood Drilling (1986), Heath & Sherwood International of Willowdale, Ont., has formed a joint venture with Geominera S.A. to provide contract exploration drilling services f…
LAST BUT NOT LEAST — Green Line starts production tests
Having moved ball mills onto its Costa Rican gold property, Green Line Business Stores (CDN) expects to begin production. The company is planning 60-day production test at 100 tons per day. It also pl…
Giveaways hurting zinc industry
The American Zinc Association has charged the U.S. defence department with selling stockpiled zinc at prices below the market. The zinc sold from that nation’s strategic stockpile has cost taxpayers m…
STOCK MARKETS — Wild trading galvanizes western markets
So much for the so-called Christmas doldrums. Investors and traders don’t appear to be taking any time off prior to the Christmas break, judging from the wild action on western markets. The Vancouver …
LATIN AMERICA — Mexico acts to encourage private mining
The Mexican mining industry has been forced to undergo a restructuring the likes of which it has never experienced, according to the Mexican Investment Board. The reorganization has been triggered by …
GOLD FUNDS (December 27, 1993)
Gold Funds as of Dec. 21 BGR Central Net Value $15.73 $6.53 Price $14.75 $7.125 Premium 9.1% Discount 6.22% Value $88,098,000 $128,957,513…
Spot prices at a glance (December 27, 1993)
Week’s Price (US) Change Gold* $386.40 + $0.50 Silver* $ 5.00 $0.10 Platinum* $385.50 + $0.25 Nickel** $ 2.40 + $0.05 Lead** $ 0.21 + $0.00 Copper $ 0.81 + $0.03 Zinc $ 0.45 + $0.01 Courtesy of Scotia…
Central Fund trades in U.S.
Shares of Central Fund of Canada have begun trading on the American Stock Exchange. A registration statement, filed with the U.S. Securities and Exchange Commission, covers 1.3 million A shares which …
NEWS ROUNDUP — Cominco Resources ups Cerattepe
A drill program in 1993 has resulted in a higher reserve estimate for the Cerattepe property in Turkey. Cominco Resources International (TSE) says 52 holes were drilled on the Gossan zone, bringing th…