Chinese coins to honor Mao
A former leader of China is to be honored through the issue of gold and silver coins. A Chinese news agency reports that the coins will mark the centenary this month of the birth of Mao Tse-tung. The …
News
LETTERS TO THE EDITOR — Let’s discuss it: securities dealer
I am writing to point out the manner in which the Ontario Securities Commission (OSC) and Ontario’s New Democratic Party government handled taxpayers’ dollars in their attempt to create and implement …
Caledonia’s Spanish subsidiary posts record profit
Filon Sur S.A., the 25%-owned Spanish gold mining subsidiary of Caledonia Mining (TSE), achieved a record net profit in the third quarter. Improved throughput and reduced operating costs enabled the h…
Lenora explores Yemen property
Junior Greater Lenora Resources (TSE) is being given a licence to explore an area 45 km south of San’a, Yemen. The 237-sq-km property is underlain by a Tertiary-aged felsic-volcanic caldera complex. I…
Rembrandt directors facing lawsuit
Now that Rembrandt Gold Mines (ASE) has a 100% interest in the Polaris Taku gold property in northwestern British Columbia, International Precious Metals (IPM) is proceeding with plans to sue several …
NEWS IN BRIEF (December 20, 1993)
Rattler Resource (RTA:VSE) and Reimer Resources (ROV:VSE) have almalgamated to form Kensington Resources (KRT:VSE). Rattler shareholders receive a share for a share and Reimer shareholders receive one…
INSIDER TRADING — Copperquest officers sell shares
Two officers of CopperQuest (CDN) sold shares in October. According to the Ontario Securities Commission’s OSC Bulletin, President James Parres bought 16,000 shares at an undisclosed price and sold 19…
Metal Prices (December 20, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 14 Dec. 13 Dec. 10 Dec. 9 Dec. 8 Copper 1723-1724 1747-1749 1717-1718 1677-1678 1674-1675 Lead 463-464 473-474 459-460 456-457 447-…
PRODUCER PRICES (December 20, 1993)
ALUMINUM: MW U.S. market US51.25-50.25 cents per lb. (Dec.2, 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, 1993…
STOCK MARKETS — Yellow metal adds shine to western markets
Continued strength in gold helped western markets as the Vancouver Stock Exchange resource index posted a 36.79-point jump to 1,573.52. The composite index remained relatively quiet, edging up just ov…
Teck financing
Taking advantage of the recent surge in mining share prices, Teck (TSE) is selling 4.5 million B common shares at $23.25 each. The group of underwriters, led by Gordon Capital, Nesbitt Thomson and CF …
LETTERS TO THE EDITOR — Escondida find a team effort
In the article “Arequipa eyes Peruvian copper” (T.N.M., Nov. 29/93), David Lowell is described as having “managed” the exploration program that resulted in the discovery of Chile’s La Escondida copper…