Mutual in W. Africa
A private placement by Teck (TSE) will provide additional funds for Mutual Resources (VSE) to pursue gold opportunities in West Africa. Mutual President Robert Quartermain says the company is in advan…
News
LETTERS TO THE EDITOR — Drilling for diamonds in
Your interesting commentary on the erosion of diamond pipes (“Pipes susceptible to erosion,” T.N.M., Oct. 11/93) makes it difficult to understand your newspaper’s cavalier dismissal of recent releases…
Four events at Toronto ’94
Toronto ’94 promises to be a “really big show” when it convenes next May. Four events will take place May 1-4 under the Toronto ’94 banner: * the 96th annual general meeting of the Canadian Institute …
STOCK MARKETS — Resource index boosted by Yamba Lake
The election of a new parliament, of course, has little effect on western markets, although gold investors may take heart in the Grits’ historically looser monetary policy and the resulting effect on …
PEOPLE — SHAMROCK RESOURCES (November 01, 1993)
Peter Kutney Hugh Mogenson and O. Devlin appointed directors.
THE DIAMOND PAGE — More arrests at Yellowknife
Tim Bettger and Al Shearing have been charged with seven acts of violence related to the ongoing labor dispute at the Giant gold mine in Yellowknife, N.W.T. The former mine employees are members of Lo…
TSE SHORT POSITIONS (November 01, 1993)
Semi-monthly reports as of Oct 15, showed 73,370,624 shares of 797 issues compared with 82,769,360 shares of 773 issues on Sept 30. Larger individual positions included: Aber 127,000; Agnico-Eagle 93,…
Sikaman to start up Cerro Mayal
The Cerro Mayal gold mine in Argentina is scheduled to enter production this month. Sikaman Gold Resources (TSE) expects to process 35 million cubic feet of gravel per year, initially. From that, abou…
Falco confirms Kidd expansion
Falconbridge has confirmed earlier reports (T.N.M, Sept. 6/93) that it has found “significant extensions” to the Kidd Creek orebody in Timmins, Ont. “The main orebody is now known to continue downward…
Shambles of former Soviet state root cause of misery in
The turmoil in world metal markets is forcing mine operators and refiners to gradually reduce output substantially. Such cutbacks are necessary if the balance among production, consumption and high in…
Rea set to acquire Nevada gold project
A letter of intent gives Rea Gold (TSE) a purchase option on the Mt. Hamilton gold project in eastern Nevada. The option is part of an agreement with owner Costain Minerals. In return, Rea must pay Co…
PRODUCER PRICES (November 01, 1993)
ALUMINUM: MW U.S. market US51.50-52.50 cents per lb. (Oct. 21, 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, 19…