Bre-X continues Indonesian focus
Having focused on Indonesia for the past six months, Bre-X Minerals (ASE) has drill programs lined up for the fall on two advanced projects in the Asian archipelago. In mid-August, the junior signed a…
News
THE DIAMOND PAGE — LETTERS TO THE EDITOR — The ABCs of
I agree in part with the editorial in the Aug. 16 issue (“Silence is not golden”), which deplored the lack of information available for evaluating the various diamond stock plays. What surprises me is…
Gibraltar funding
Following up previously announced expansion plans, Gibraltar Mines (TSE) has entered an underwriting agreement to raise $40 million. In a “bought deal,” brokers Midland Walwyn Capital, Wood Gundy and …
THE DIAMOND PAGE — Lac de Gras dominates exploration
Yellowknife, N.W.T., is abuzz with talk that at least two major mining companies, BHP Minerals Canada and Kennecott, are at the decision-making stage of what their respective next steps will be. Both …
STOCK MARKETS — TSE composite index edges over former high
The story of the week has been the Toronto Stock Exchange Composite Index and its bid to hit a new all-time high. On Aug. 23, it went through the 4,100 level and looked hellbent for leather to beat th…
Gold Funds (August 30, 1993)
BGR Central Net Value $13.97 $6.18 Price $12.50 $6.500 Discount 10.54% 5.2% Value $78,268,000 $117,645,450…
Spot prices at a glance (August 30, 1993)
Week’s Price (US) Change Gold* $371.75 – $1.10 Silver* $ 4.75 + $0.06 Platinum* $386.90 – $1.10 Nickel** $ 2.09 + $0.01 Lead** $ 0.17 $0.00 Copper $ 0.90 + $0.03 Zinc $ 0.40 + $0.01 Courtesy of Scotia…
METAL PRICES — FREE MARKET (August 30, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 24 Aug. 23 Aug. 20 Aug. 19 Aug. 18 Copper 1988-1989 1946-1947 1968-1969 1930-1932 1928-1930 Lead 387-388 384-386 390-391 387-388 38…
Judge denies OSC penny stocks policy
A judge has struck down an Ontario Securities Commission (OSC) policy designed to control abuses in the sale of speculative penny stocks. In a 42-page decision, Justice Robert Blair of the general div…
Gateway plans an amalgamation
Toronto-based junior Gateway Uranium Mines (CDN) plans to amalgamate with a newly incorporated company, as yet unnamed, and simultaneously exchange shares with American Gold Resources, a private U.S. …
COMMENTARY — Home-grown political risk
The biggest challenge facing the mining industry today is its fierce battle with another industry — the industry of the preservationists, the professional (and elitist) organizations which exist only…
STOCK MARKETS — Market indexes on rise while gold price
Investors continue to register confidence in the equity issues as witnessed by the high-level closings of the major market indexes in Toronto and New York. The Toronto Stock Exchange 300 composite ind…