METAL PRICES — FREE MARKET (February 15, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 9 Feb. 8 Feb. 5 Feb. 4 Feb. 3 Copper 1562-1563 1559-1560 1534-1535 1538-1539 15…
News
New corporate look for South Atlantic
A recently completed debt swap and a private placement increases Adolf Lundin’s interest in South Atlantic Ventures (VSE) to 62.5%, or about 15.3 million shares. The company, along with 30% joint vent…
INSIDER TRADING — Goldcorp ups stake in juniors
Toronto-based Goldcorp (TSE), which made its early fortunes as a publicly traded company by investing in gold stocks, increased its position in two Canadian juniors recently. According to the Ontario …
Trio identifies targets at Rodeo
A number of deep drill targets were identified by Trio Gold (ASE) on its Rodeo Creek property on the northern portion of Nevada’s Carlin Trend, one mile northwest of the producing Dee gold mine. The t…
TORONTO STOCK EXCHANGE INDICES (February 15, 1993)
Feb.9 Feb.8 Feb.5 Feb.4 Feb.3 High Low Composite”300″ 3414.11 3394.83 3377.91 3366.40 3344.03 4009.47 3009.91 Metals&Minerals 2972.25 2927.82 2900.02 2862.59 2808.54 3453.06 2502.63 Integrated Mines30…
FINANCING (February 15, 1993)
Eaglecrest Expl. Ltd. — 1,500,000 shs. @ 28 cents per sh. Wayside Gold Mines Ltd. — 200,000 units. @ 95 cents per unit. Brigadier Res. Ltd. — 215,000 units. @ 95 cents per unit.
Work program at Ecudor project
A drilling program representing 5,000 ft. is under way on the Dufresnoy-Clericy property in Quebec’s Dufresnoy Twp., Societe Miniere Ecudor (ME) reports. An option agreement with Soquem, the Quebec Cr…
Leicester plant nears completion
Contrary to what was reported in the Feb. 8 issue of The Northern Miner, plant construction is nearing completion on the Leicester diamond project near Kimberley, South Africa. Stow Resources (VSE) an…
Kimberlite trio found by Crystal
With the discovery of three new kimberlites in late 1992, the number of kimberlite pipes intersected in the Lake Superior area of the U.S. (Michigan and Wisconsin) now totals 15, reports Australia-bas…
Inco reports its first loss since 1984
Citing a 12% decline in nickel prices, Inco (TSE) reported a net loss of US$17.6 million (21 cents per share) for 1992 compared with 1991 earnings of US$82.6 million (74 cents per share). Inco’s avera…
KWG cuts wide intersections
Recent drilling by partners KWG Resources (ME) and SEG Exploration (ME) on their Granada property near Rouyn-Noranda, Que., has returned greater widths and better continuity of mineralization than pre…
Vior continues Douay drilling
Low-grade assays are reported by Societe d’Exploration Miniere Vior (ME) from drill work during January at the Douay gold property near Joutel, Que. Ten holes were completed and another one started. A…