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…
News
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,…
METAL PRICES — FREE MARKET (March 08, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 2 Mar. 1 Feb. 26 Feb. 25 Feb. 24 Copper 1471-1472 1475-1476 1514-1515 1497-1498…
METALS MARKETS — Cobalt dogged by supply problems
Produced as a co-product with copper and/or nickel, cobalt is experiencing increased supply problems. The metal has application in aerospace alloys, cutting tools, magnets, ceramics and chemicals. A v…
Partners Carson, Venezuelan Gold add to holdings
Joint-venture partners Carson Gold (VSE) and Venezuelan Goldfields (VSE) are further expanding their land package in the Kilometre 88 district of Venezuela. The two companies have entered into an agre…
Sutton boosts nickel reserves
Recent preliminary estimates of reserves for the Kabanga nickel deposit in northeastern Tanzania put total reserves at about 25.5 million tons grading 1.19% nickel, 0.2% copper and 0.1% cobalt at a 0….