Spot prices at a glance (August 09, 1993)
Weeks Price (US) Change Gold* $400.65 + $8.85 Silver* $ 5.29 + $0.22 Platinum* $417.75 + $12.15 Nickel** $ 2.22 – $0.02 Lead** $ 0.18 $0.00 Copper $ 0.88 $0.00 Zinc $ 0.42 $0.00 Courtesy of Scotiabank…
News
Jordex reviews Hushamu project
A team of independent specialists has completed a review of the Hushamu copper-gold project on northern Vancouver Island, B.C. The study was commissioned by Jordex Resources (TSE), which is earning a …
Taylor Rand, Polyore to merge
Taylor Rand, an affiliate of Madison Grant Resources (CDN), has agreed to amalgamate with Polyore Capital (CDN). Taylor Rand and Polyore shareholders will be able to exchange their shares with the new…
METAL PRICES — FREE MARKET (August 09, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 3 Aug. 2 July 30 July 29 July 28 Copper 1946-1947 1960-1961 1971-1972 1960-1962 1954-1955 Lead 390-392 390-391 391-392 392-393 394-…
Low metal prices squeezing Highland Valley mine
With reserves of 632.9 million tonnes averaging 0.414% copper and 0.0068% molybdenum yet to be mined, the huge Highland Valley copper mine near this interior community has about 15 more years to look …
NEWS ROUNDUP — Trev announces drill program
Drilling funded by Cameco (TSE) will test a high-grade gold discovery made by Trev (ASE) on its Cornice Mountain project near Stewart, B.C. The project is 15 km from Lac Minerals (TSE) Red Mountain go…
Initiative buys chemical business
CDN-listed Initiative Explorations has bought a 12% interest in Riba Corp., a Delaware-based chemical company. The price: US$200,000. Initiative plans to provide Riba, which is operating on a break-ev…
Int’l Curator teams with Coeur d’Alene
New York-listed Coeur d’Alene Mines stands to benefit from a combined share purchase and property agreement with International Curator (VSE). Coeur d’Alene will receive a 66.7% interest in the Jualin …
In the trough — Inco hammered by nickel price
Low nickel prices continue to take their toll on Inco (TSE), which reported losses of US$2.2 million (3 cents per share) for the second quarter and US$24.8 million (25 cents per share) for the six mon…
Noranda earnings take a tumble
The earnings of Noranda (TSE) tumbled during the second quarter to a net profit of $1 million for the three months but a per-share loss of 7 cents after preferred share dividends. For the same quarter…
NEWS ROUNDUP — Deak to reopen Kerr mine
Underground mining at the Kerr gold mine in Virginiatown, Ont., will be reactivated immediately, reports owner Deak Resources (TSE). Although mining has been suspended since February, ore has neverthe…
LETTERS TO THE EDITOR — Assessing the value of Dia Met’s
The discovery in the Northwest Territories of rich diamond-bearing kimberlite, including three deposits that hold abundant precious gem-quality stones in commercially exciting numbers, has led to the …