Global Stone completes offering
Following regulatory approval of its special warrant prospectus, Global Stone (TSE) has received, from escrow, $28.8 million from the sale of 6.3 million special warrants. About $10 million from the o…
News
Aurora secures mine financing
Australian mining firm Aurora Gold has secured US$45 million in funding for its gold and silver project in Kalimantan, on the Indonesian island of Borneo. Rothschild Australia, NM Rothschild & Sons an…
Musto warms to MIM offer, sues Metall Mining
Proving that hostile takeovers are just that, International Musto Explorations (TSE) has served notice it will proceed with legal action against Metall Mining (TSE) and Metall’s financial adviser, McL…
Mexican delegation at Calgary forum
A delegation of Mexican mining officials is scheduled to attend Calgary Mining Forum ’94, Feb. 10-11 in Calgary, Alta. The visitors will speak on mineral investment opportunities in Mexico and meet wi…
Crown options Argentine ground
A 86% owned subsidiary of Crown Resources (TSE), Solitario Resources, has an option to buy seven properties containing copper, gold and silver mineralization in the western Argentine province of Mendo…
Pegasus snaps up El Condor
The proposed merger of El Condor Resources (VSE) into Pegasus Gold (TSE) would put a fresh feather in the cap of the Robert Hunter-Robert Dickinson team. Pegasus plans to offer $7.50 (payable in commo…
Metal Prices (February 07, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Feb. 1 Jan. 31 Jan. 28 Jan. 27 Jan. 26 Copper 1864-1865 1844-1846 1848-1849 1860-1861 1849-1850 Lead 508-509 506-507 506-507 517-518 506…
NEWS ROUNDUP — Agnico gets nod for share acquisition
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…
Producer Prices (February 07, 1994)
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…
Asarco income up despite price drop in copper quotes
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, …
ODDS’N’SODS — Another quiet giant of mining
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…
DIAMOND PAGE — Diavik results give further boost to Lac de
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…