Antares developing Zimbabwe gold play
Antares Mining and Exploration (TSE) has gained access to the Long John Eight orebody at the Lady Lina gold property in Zimbabwe. Underground development is planned to evaluate and upgrade, to reserve…
News
Richmont issues special warrants
Underwriters Sprott Securities and Levesque Beaubien Geoffrion will issue two million special warrants of Richmont Mines (TSE) to Canadian investors in December. Each warrant, priced at $4, will entit…
INSIDER TRADING — Wheaton officers sell shares
Two officers of Wheaton River Minerals (TSE) sold shares in September and October. According to the Ontario Securities Commission’s OSC Bulletin, President Visco Jutronich sold 102,500 shares at $1.80…
Lo Increible elicits high hopes for Labyrinth
Exploration is under way on Venezuela’s Lo Increible property, and expectations are running high. Labyrinth Resource (VSE), which has a market capitalization of close to $90 million, holds an option o…
ODDS’N’SODS — Clayoquot Sound and mining
The rabid environmentalists seem to be stymied in their campaign to shut down the logging industry of Clayoquot Sound in British Columbia. The government stands firmly committed to its land-use decisi…
SPOT PRICES AT A GLANCE (December 06, 1993)
Week’s Price (US) Change Gold* $370.10 – $6.00 Silver* $ 4.33 – $0.22 Platinum* $366.75 – $5.90 Nickel** $ 2.10 – $0.02 Lead** $ 0.19 + $0.01 Copper $ 0.74 $0.00 Zinc $ 0.42 $0.00 Courtesy of Scotiaba…
TORONTO STOCK EXCHANGE INDICES (December 06, 1993)
— Week — Nov 30 Nov 29 Nov 26 Nov 25 Nov 24 High Low Composite”300″ 4180.21 4170.33 4220.61 4229.18 4223.34 4233.58 4168.06 Metals&Minerals 3275.99 3257.66 3274.72 3269.89 3274.33 3290.40 3257.53 In…
Platinova advances Greenland zinc play
Toronto-listed Platinova A/S has reported encouraging values from its sedimentary-exhalitive-type zinc discovery in northeast Greenland. The company holds an exploration concession which covers a sedi…
PEOPLE — GOLDBROOK EXPL.
Joseph Notaro appointed vice-president, finance; Avrom Howard appointed vice-president, exploration.
PEOPLE — INT’L DUSTY MAC
Richard Coglan appointed director; Robin Lockhart appointed chief financial officer.
STOCK MARKETS — Gold prices drop, but stage comeback
Gold bullion took what seemed a decisive tumble during our report week, dropping US$6 to US$370.10 per oz. However, at presstime (which is one day later than the closing prices in our stock tables) bu…
GOLD FUNDS (December 06, 1993)
BGR Central Net Value $14.94 $6.21 Price $13.88 $6.625 Premium 6.7% Discount 7.10% Value $83,666,000 $119,907,863…