PRODUCER PRICES (November 15, 1993)
ALUMINUM: MW U.S. market US49-50 cents per lb. (Nov. 4, 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). CA…
News
Operating improvements boost Homestake’s take
Operating improvements at several mines enabled Homestake Mining (NYSE) to boost earnings and lower production costs during the first nine months of this year. Net income of US$39.6 million was record…
High-altitude bioleaching — Chilean projects nearing
At a time when most conventional copper producers are being battered by sagging prices, two Canadian companies are hoping to take advantage of cheaper solvent extraction-electrowinning (SX-EW) technol…
COMMENTARY — Copper cost trends lower
Average cash operating costs for Western World copper mines have fallen during the past three years, to US54 cents per lb. in 1992 from US54.5 cents in 1991 and US58.8 cents in 1990. Much of this fall…
THE DIAMOND PAGE — Ashton Mining picking up pace on its
Diamond exploration in Canada’s North may be dominated by the two projects advanced by Kennecott and BHP Minerals Canada, but another major is positioning itself for increased activity. Ashton Mining …
STOCK MARKETS — Golds gain, diamonds slip on Toronto
Before you delve into this report, glance down at the table on this page called “Greatest Value Traded, Nov. 3-9.” In the left-hand column please note that eight of the 10 big-value traders during our…
Spot prices at a glance (November 15, 1993)
Week’s Price (US) Change Gold* $375.50 + $12.50 Silver* $ 4.53 + $0.32 Platinum* $376.75 + $8.75 Nickel** $ 2.12 + $0.05 Lead** $ 0.18 $0.00 Copper $ 0.75 + $0.01 Zinc $ 0.42 $0.00 Courtesy of Scotiab…
TSE Short Positions (November 15, 1993)
Semi-monthly reports as of Oct 31, showed 76,776,043 shares of 792 issues compared with 73,370,624 shares of 797 issues on Oct 15. Larger individual positions included: Aber 124,200; Agnico-Eagle 249,…
NEWS IN BRIEF (November 15, 1993)
Delmay Mining (DMY:VSE) has changed its name to Delmay Energy (DMY: VSE) on a share-for-share basis.
Cominco hampers Teck’s earnings but posts $10-m quarterly
Cominco is raining on Teck’s parade. A $17.2-million equity loss in Cominco (TSE) reduced the 1993 third-quarter earnings of Teck (TSE) to $9.9 million, compared with $13.8 million in 1992. The loss i…
EDITORIAL PAGE — Vive l’exploration!
In 1979, Lac Mineral CEO Peter Allen was asked what he considered the most prospective ground in Canada. Allen’s reply, quoted in Timothy Green’s latest book The World of Gold, was as follows: “If I h…
OBITUARY — James Zimmerman
Well known Canadian geological engineer James Zimmerman died recently. He was 52. After graduating from the University of Toronto in 1962 with a degree in geological engineering, Zimmerman joined Inco…