Royal Oak drilling Mirage
A drill program by Royal Oak Mines (TSE) will test a shear-zone target on recently acquired ground covering the southern half of the Yellowknife greenstone belt. The northern portion of the belt hosts…
News
LETTERS TO THE EDITOR — Windy Craggy project should benefit
Windy Craggy — is this a political decision? With all our technology we still cannot change the fact that mines are built where the ore is. This is not just between mining interests and the environme…
PRODUCER PRICES (March 08, 1993)
ALUMINUM: MW U.S. market US55-56 cents per lb. (Feb. 25, 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…
GOLD FUNDS (March 08, 1993)
Gold Funds as of Mar. 2 BGR Central Net Value $8.75 $4.92 Price $6.88 $4.65 Discount 21.46% 5.5% Value $49,032,000 $78,232,995…
FINANCING (March 08, 1993)
Breckenridge Res. Ltd. — 1,000,000 units @ 65 cents per unit where each unit consists of 1 sh and 2 wts. 2 Series A wts to purchase 1 sh. Plus an over-allotment of 150,000 units @ 60.125 cents per un…
Cominco issue worth $12 million
A $12-million private placement by Cominco (TSE) will provide an cash infusion enabling Cominco Resources International (TSE) to advance projects in Turkey and Chile and meet ongoing requirements of t…
DHK plans drill program for Lac de Gras property
A drilling program is scheduled to get under way by March 15 on DHK Resources’ property in the Lac de Gras area of the Northwest Territories. Using Echo Bay Mine’s winter road camp at Lac de Gras as a…
Union suggests resources committee
A mining committee to manage Ontario’s resources is necessary in light of mine closures such as the recently announced shutdown of the Dona Lake gold mine of Placer Dome (TSE) in northwestern Ontario,…
STOCK MARKETS — Market speculation returns diamond stocks to
Diamond stocks sprang back to life during the week ended March 2 with several of the main Lac de Gras, N.W.T., players touching new highs on speculation over spring drilling programs. Among those ente…
TORONTO STOCK EXCHANGE INDICES (March 08, 1993)
Mar.2 Mar.1 Feb.26 Feb.25 Feb.24 High Low Composite”300″3446.22 3432.69 3451.69 3459.94 3465.75 4009.47 3009.91 Metals&Minerals 2833.00 2859.05 2908.11 2911.26 2922.26 3453.06 2502.63 Integrated Mines…
Teck sale boosts Metall profit
A $6.5-million gain on the sale of its Teck (TSE) shares helped boost Metall Mining’s fourth-quarter earnings to $9.78 million last year (18 cents per share) from $1.03 million (2 cents per share) in …
Cambior output increases by 13%
Gold production in 1992 rose by more than 13% to 354,298 oz., Cambior (TSE) reports. The company, based in Val d’Or, Que., and with interests in gold-producing properties in Quebec, Alaska and Guyana,…