Australia woos Canadian miners
A relatively unexplored greenstone belt in South Australia is expected to attract Canadian companies interested in grassroots exploration opportunities. Susan Daly, a senior geologist with South Austr…
News
LETTERS TO THE EDITOR — `Unfounded’ conclusions in Seabright
It is most unfortunate that Ian Booth would comment upon a case which is so complex and so obviously out of his league (“Judge finds in Seabright’s favor,” T.N.M., April 5, 1993). Mr. Booth’s conclusi…
NEWS ROUNDUP — USMX in Arizona gold project
Colorado-based USMX (NASDAQ) has exercised its option to participate in a joint venture with Excellon Resources (VSE) and Valdez Gold (ASE) on the Tombstone gold project in Arizona. Excellon and Valde…
Yukon exploration activity picking up
The Yukon’s mineral exploration season is expected to improve considerably this summer after only $10 million was spent in 1992. “It’s definitely picking up,” said Al Doherty, president of the Yukon C…
Battle Mountain to develop Reona
U.S.-based Battle Mountain Gold (TSE) plans to develop the Reona heap-leach deposit at its Battle Mountain complex in Nevada. The cost will be about $10 million. Reserves are about 13.5 million tons g…
Bursary fund honors Paul Young
Friends and early associates of the late mining engineer Paul Young have founded a student assistance bursary fund in his name. The Paul E. Young Memorial Fund is administered by The Walli Foundation …
GOLD FUNDS (May 10, 1993)
BGR Central Net Value $11.52 $5.63 Price $10.25 $5.75 Discount 11.02% 2.1% Value $64,523,000 $96,739,725…
Spot prices at a glance (May 10, 1993)
Week’s Price (US) Change Gold* $352.75 + $3.05 Silver* $ 4.25 + $0.20 Platinum* $374.15 – $0.60 Nickel** $ 2.67 – $0.01 Lead** $ 0.19 $0.00 Copper $ 0.82 – $0.03 Zinc $ 0.46 $0.00 Courtesy of Scotiaba…
Higher prices, lower taxes needed for expansion in coal
Canada’s coal miners expressed relief that the financial and labor problems that shut down the Balmer, Greenhills and Fording mines in southeastern British Columbia have been resolved. Otherwise, litt…
Cominco nixes QSL technology
After three years of studies and tests, Cominco (TSE) has decided not to proceed with the QSL lead smelting process at its metallurgical operations in Trail, B.C. The QSL smelter was fired up in late …
Cumberland buys Asamera ground
A purchase agreement has been signed between Cumberland Resources (VSE) and Asamera Minerals (now wholly owned by Gulf Canada Resources) for property interests in the Northwest Territories. The proper…
TORONTO STOCK EXCHANGE INDICES (May 10, 1993)
May 4 May 3 Apr.30 Apr.29 Apr.28 High Low Composite”300″3779.19 3773.47 3789.41 3755.06 3682.38 4009.47 3009.91 Metals&Minerals 2907.89 2901.08 2870.67 2858.39 2854.59 3453.06 2502.63 Integrated Mines…