METAL PRICES — FREE MARKET (August 16, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 10 Aug. 9 Aug. 6 Aug. 5 Aug. 4 Copper 1936-1937 1957-1958 1968-1969 1958-1959 1954-1955 Lead 392-393 391-392 397-398 404-405 398-39…
News
LAST BUT NOT LEAST — Dianor plans unit placement
A placement worth $375,000 is expected from Ressources Kimex (ME), which plans to spend most of the proceeds on work at the Granada property in Rouyn and Beauchastel Twps. in northwestern Quebec. Kime…
Equinox assumes Rosebud ownership
Having bought a 51% interest from Lac Minerals (TSE), Equinox Resources (TSE) is now sole owner of Nevada’s Rosebud property. The company paid US$5.5 million for the interest, $3 million of which was …
Cazador optioning Farley Lake project
Under an option agreement, the Keystone joint venture is expected to acquire a 55.2% interest in the Farley Lake gold project near Lynn Lake, Man. (Keystone is a partnership of Cazador Exploration (VS…
Eurus/Crystallex upgrade mill
Partners Eurus Resource (VSE) and Crystallex International (VSE) have installed a ball mill that is expected to triple the capacity of the 100-tonne-per-day mill on the Albino gold concession in Venez…
EDITORIAL PAGE — Silence is not golden
There is something amiss in the diamond exploration game. It relates to the flow of information or, rather, the lack of it. Investors wait months for news of results. When drill results finally are an…
LETTERS TO THE EDITOR — Sarnoff replies: Don’t blame me
It was indeed good of you to tell your readers “Ignore Sarnoff’s diamond warning, exploration activity speaks for itself” (T.N.M., Aug. 2/93). Please permit me to speak for myself. When Dia Met made i…
STOCK MARKETS — Diamond sell-off continues as seniors keep
The Vancouver Stock Exchange was in the news again as James Matkin’s provincially appointed inquiry listened to more assaults on the exchange’s credibility during a recent public hearing. William Pidr…
Skyline to rerun Johnny Mountain
A limited production run is planned at the Johnny Mountain gold mine in northwestern British Columbia. International Skyline Gold (TSE) expects to mine and mill about 20,000 tons of material grading 0…
TORONTO STOCK EXCHANGE INDICES (August 16, 1993)
— Week — Aug 10 Aug 9 Aug 6 Aug 5 Aug 4 High Low Composite”300″ 4028.44 4002.20 3959.96 3947.58 3988.54 4028.64 3945.87 Metals&Minerals 3118.83 3035.02 3014.85 3025.10 3033.85 3126.25 3009.80 Integr…
Goldbelt hosts delegation from Kazakhstan
The collapse of the Soviet Union has prompted a number of its former republics to seek non-traditional sources of capital to develop mining projects. In late July, a delegation from Kazakhstan visited…
U.S. REPORT — Phelps Dodge protects price
Copper producer Phelps Dodge (NYSE) is benefiting from a hedging program that applies to about 45% of its projected 1993 output. The company reports that contracts with several financial institutions …