Rea Gold brings new mine to production
Having survived as a junior for more than a decade, Rea Gold (TSE) is establishing itself as an operating company with the ability to construct and manage mines. Headed by James Hogan and a new manage…
News
EXPLORING FOR DIAMONDS AND THE NORTH — Flow-through offering
More than 30 mining companies with combined interests in 32 million acres of diamond exploration property across Canada have entered into share-purchase agreements with Caratax Diamond Exploration Ltd…
NEWS ROUNDUP — Jarvis options Sudbury marble bet
Sudbury, Ont.-based Jarvis Resources (VSE) has optioned four separate claims in Grigg and Scadding twps., raising to 19 its claim units in the area. Former work on the properties has identified units …
EXPLORING FOR DIAMONDS AND THE NORTH — First-half sales buoy
Diamond producer De Beers of South Africa reported a 42% increase in sales of rough diamonds to US$2.5 million during the first six months of 1993 compared with the same period last year. De Beers sai…
Precious metals look for support
After the strong summer bull market, most precious metals have been losing ground as a result of profit-taking by speculators. The question is, after testing the downtrend line, will these metals even…
NEWS ROUNDUP — Soquem drills Douay prospect
The auriferous zone at the Douay property of Northern Abitibi Mining (ASE) in northwestern Quebec has been traced for more than 2,600 ft. along strike. Drilling by Soquem, the Quebec Crown exploration…
NEWS ROUNDUP — Cambior, Audrey in loan agreement
The parent company of Audrey Resources (TSE) has agreed in principle to provide Audrey with a loan facility worth up to $17 million. The loan from Cambior (TSE) will allow Audrey, which is developing …
METAL PRICES (September 13, 1993)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne Date Sept. 7 Sept. 6 Sept. 3 Sept. 2 Sept. 1 Copper 2011-2012 2006-2008 1994-1995 1986-1988 1970-1972 Lead 385-386 383.5-384.5 37…
Spot prices at a glance (September 13, 1993)
Price (US) Week’s Change Gold* $352.25 $19.55 Silver* $4.26 $0.57 Platinum* $356.50 $25.00 Nickel** $2.03 $0.02 Lead** $0.18 + $0.01 Copper $0.90 + $0.01 Zinc $0.40 + $0.01 Courtesy of Scotiabank. Inf…
Santa Fe installs autoclave at its Lone Tree gold mill
By expanding the mill at its Lone Tree mine near Winnemucca, Nev., Santa Fe Pacific Gold hopes to boost annual production to more than 200,000 oz. gold. The heap-leach mine poured its first gold two y…
TSE introduces new index
On Oct. 1, the Toronto Stock Exchange will introduce a new benchmark of Canadian market performance — the TSE 100 Index. According to the TSE, the 100 Index is intended mainly to enable institutional…
NEWS ROUNDUP — Bre-X acquires Indonesian ground
In what it calls “the premier unexplored area of the world,” Bre-X Minerals (ASE) has acquired a third exploration property. A deal has been signed with Bre-X’s Indonesian partner to acquire an 80% in…