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…
News
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…
Tintina buys rest of Yukon property
Tintina Mines has bought the remaining half interest in the Red Mountain molybdenum property from Amoco Canada Petroleum. The deposit, 50 miles northeast of Whitehorse, Y.T., is now wholly owned by th…
Fairfield doubles production estimate
The Siwash North deposit is expected to produce 25,000 oz. gold in 1994, more than double the 12,000 oz. Fairfield Minerals (TSE) plans to recover from this year’s test mining. The bulk of these ounce…
Rea reviews Bissett mining potential
With the gold market having picked up, Rea Gold (TSE) is assessing the former-producing Bissett property in Manitoba. Kilborn Western and Tonto Mining will assist in the pre-feasibility study, the foc…
Similco shutdown caused by slump in red metal prices
The Similco copper mine in northwestern British Columbia is being forced to close, though owner Princeton Mining (TSE) describes the shutdown as temporary. The announcement came after Princeton was to…
METAL PRICES — FREE MARKET (November 08, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 2 Nov. 1 Oct. 29 Oct. 28 Oct. 27 Copper 1622-1623 1601-1602 1612-1613 1608-1609 1600-1601 Lead 396-397 394-395 402-403 401-402 395-…
Bishop continues Guadalupe work
Encouraged by assays from its Guadalupe prospect in northwestern Mexico, Bishop Resources International Exploration (CDN) says exploration will continue. Initial samples of high-grade material returne…
PRODUCER PRICES (November 08, 1993)
ALUMINUM: MW U.S. market US49.75-51.50 cents per lb. (Oct. 28, 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, 19…
GOLD FUNDS (November 08, 1993)
BGR Central Net Value $14.61 $5.99 Price $13.25 $6.50 Premium 8.5% Discount 9.31% Value $81,843,000 $108,488,283…
FINANCING (November 08, 1993)
Ashton Mining of Canada — 10 million, each consisting of one sh and half a sh purchase wt @ $3 per unit.
STOCK MARKETS — Disappointing earnings cause slide in gold
Most gold equities — those that released earnings, anyway — fell during the report week ended Nov. 2. Investors, perhaps fooled by the rise in the price of gold, had been anticipating stronger earni…