PRODUCER PRICES (March 29, 1993)
ALUMINUM: MW U.S. market US53-54 cents per lb. (Mar. 11, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CA…
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METAL PRICES — FREE MARKET (March 29, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 23 Mar. 22 Mar. 19 Mar. 18 Mar. 17 Copper 1467-1468 1463-1464 1459-1460 1479-14…
LATIN AMERICA — Comprehensive support program for mining,
Mexico’s mining and metallurgical sector has been a major source of foreign exchange through trade. In recent years, Mexico has ranked among the top five countries in production of 12 minerals — main…
INSIDER TRADING — Crown insider buys shares at 52-week low
Shares of Crown Resources (TSE) have slid steadily downhill since late last year, when the junior announced plans to withdraw from the Kettle River gold operation in northeastern Washington. In mid-Fe…
Fort a la Corne speculation boosts stock prices
Speculation over results from diamond exploration programs in northern Saskatchewan has boosted the shares of several juniors active in the province. The flagship of the junior play, Rhonda Mining (AS…
Atlantic rocks
Newfoundland, Nova Scotia and New Brunswick have joined forces to present an Atlantic Canada Rock Room at the annual convention of the Prospectors and Developers Association of Canada, this week in To…
GIS conference
At a recent conference in Ottawa, people from many countries met to discuss geographic information systems (GIS). The fifth annual GIS conference was organized by the federal government. GIS employ co…
Too much rain for Asarco
A first-quarter loss is expected by Asarco (NYSE), resulting from rain-related costs, lower metal prices and a scheduled 30-day maintenance shutdown at the Hayden smelter. Heavy rains and flooding in …
Skyline reorganization planned
On April 22, shareholders of Skyline Gold (TSE) will be asked to approve a plan to create a debt-free subsidiary to hold all mining equipment and properties. If approved, Skyline’s assets would be tra…
T & H offering
T & H Resources (TSE) hopes to raise $296,000 through a rights offering. Each shareholder would receive one right for each common share held; eight rights will entitle the holder to subscribe for one …
Gold producers work to reduce cash costs
Faced with lower gold prices and shrinking profit margins, most North American gold miners continued to slash costs in 1992. In many cases, lower cash costs were accompanied by increased production. O…
No word on Ontario incentives
Several interesting ideas have resulted from a discussion paper on new incentives for mineral exploration in Ontario, says the assistant deputy minister for the province’s mines ministry. John Gammon …