News

Comstate arranges special warrant private placement

A private placement of 5.5 million special warrants at $1.05 each has been arranged by Comstate Resources (TSE). Each warrant will be exchangeable for one common share of Comstate at no additional cos…



Wheaton looks to new gold reserves

Drilling on the Golden Bear property in northwestern British Columbia has returned gold intersections in two separate areas. The mine is wholly owned by North American Metals (VSE). Wheaton River Mine…



EDITORIAL PAGE — The vicissitudes of nickel

In June, nickel prices were relatively steady at above US$2.40 per lb. That isn’t a price to provoke a Mike Sopko, the Inco chief, or Falconbridge’s Frank Pickard to break out the champagne. In fact, …


Placer Dome to develop Zaldivar

A Chilean company held equally by Placer Dome (TSE) and Outokumpu Copper Resources will build a solvent extraction-electrowinning plant at the Zaldivar project in Chile. Placer Dome says the plant, wh…


Ariel acquires three properties

Costa Rican gold producer Ariel Resources (VSE) has acquired three additional properties at the northern end of the Central American country’s Gold Belt. The properties, named Boston, Gongolona and An…


Caribgold begins trading

Shares of Caribgold Resources recently began trading on the Canadian Dealing Network (CDN). The company is headed by David Bell, a well-known consulting geologist and a key figure in the famous Hemlo …


Engineering under way at Minera’s Ivan project

Engineering, procurement and construction management for Minera Rayrock’s (TSE) Ivan copper project in Chile has been awarded to Kilborn. The Toronto-based engineering firm is working with Chilean cou…


NEWS ROUNDUP — New receiver for Faro assets

A new court-appointed interim receiver has been appointed for the Faro mine assets of Curragh (TSE) in the Yukon. Peat Marwick Thorne has replaced Deloitte and Touche, which was being partially funded…


More gold is reported at Damoti Lake project

Further assay results from drilling at the Damoti Lake property, 150 km north of Yellowknife, N.W.T., have extended the previously discovered gold zone to the north. Athabaska Gold Resources (TSE), op…


PRODUCER PRICES (October 25, 1993)

ALUMINUM: MW U.S. market US51.50-52.25 cents per lb. (Oct. 7, 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, 199…


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