Spot prices at a glance (December 13, 1993)
Price (US) Week’s Change Gold* $377.15 + $7.05 Silver* $ 4.96 + $0.53 Platinum* $376.75 + $10.00 Nickel** $ 2.26 + $0.16 Lead** $ 0.20 + $0.01 Copper $ 0.76 + $0.02 Zinc $ 0.45 + $0.03 Courtesy of Sco…
News
GOLD FUNDS (December 13, 1993)
BGR Central Net Value $14.73 $6.20 Price $13.75 $6.875 Premium 10.9% Discount 6.67% Value $82,524,000 $112,200,576…
Cyprus resumes drilling at Kerr mine
Drilling has resumed at Deak Resource’s (TSE) Kerr mine property in Virginiatown, east of Kirkland Lake, Ont. Two underground drills are on site and a third, surface, drill will be added shortly. Proj…
First-half mine openings, closings in near-balance
Among the trends that can be traced through this mining year is a significant rise in the number of gold operations reopened and base metal mines suspended (see Table 1) as of July 1. With 16 openings…
Dyno Nobel meets ISO 9000 standard
The Sudbury, Ont., plant of Dyno Nobel has become the first explosives facility in North America to meet the ISO 9000 standard. The ISO 9000 quality control standards were developed by the Internation…
DIAMOND PAGE — Cross Lake joint venture has hopes pinned on
Drills are turning on the Cross Lake kimberlite target in the Northwest Territories, with at least five holes planned. Ashton Mining of Canada (TSE) is earning a 51% interest from Pure Gold Resources …
Republic finishes equity financing
A private placement of several hundred thousand units of Republic Goldfields (VSE) has been completed. The placement has gross proceeds of US$1.6 million, with each unit priced at US$2.25. A unit cons…
FINANCING (December 06, 1993)
Kingsvale Res. — 937,500 shs @ 75 cents. Penn-Gold Res. — 600,000 shs @ 46 cents. Wheaton River Minerals — 3,575,000 units issuable upon exercise of special wts, each unit consisting of one common …
Holmer arranges $1.3m financing
Toronto-based Holmer Gold Mines (ASE) has entered agreements with two investors to raise up to $1.3 million. The first private placement with MVP Capital (TSE) is for 1.2 million units at 30 cents eac…
LAST BUT NOT LEAST — Westfield adds to cash position
Earnings of $453,000 for the nine months ended Sept. 30, 1993, have added to the fortunes of Westfield Resources (TSE). The debt-free company has cash and marketable securities totaling $24.3 million,…
EDITORIAL PAGE — Saskatchewan royalties?
Much attention has been drawn to the proposed royalties on metal mines in the United States. There, the House of Representatives has passed a bill calling for an 8% net smelter royalty on mines situat…
Glimmer, Hemlo get more results
There’s more encouraging news from the Hislop gold property in northeastern Ontario. Hemlo Gold Mines (TSE), the operator with a 60% interest, and Glimmer Resources (VSE), with 40%, said the five step…