Exploration shaft sunk at Holloway
A shaft has been sunk at Hemlo Gold Mines’ (TSE) Holloway gold project, near Matheson, Ont. The 441.4-metre exploration shaft was finished in March, on schedule and slightly under budget, says Ian Atk…
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PRODUCER PRICES (April 12, 1993)
ALUMINUM: MW U.S. market US52.75-53.50 cents per lb. (Apr. 1, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 11, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992…
Kingswood buys Acadia shares
Toronto junior Kingswood Resources (ASE) will buy 12.2 million common shares (51%) of Acadia Mineral Ventures (TSE) from Hecla Mining (NYSE). In exchange, Hecla will receive five million treasury shar…
PEOPLE — VENEZUELAN GOLDFIELDS (April 12, 1993)
Ian Telfer appointed president and chief executive officer. N5…
GUEST COLUMN — Caution advised in interpreting garnet data
Garnet is one of the most important indicator minerals used in the search for kimberlites, and the presence of purple Cr-rich pyrope is an almost-certain indication that one is on the right track. Oth…
PEOPLE — INTL BLUE SUN
Murray Pezim appointed director and elected chairman of the board. N5…
INSIDER TRADING — McDonald cuts Golden Knight ties
One of the founders of Golden Knight Resources (TSE) and promoter of the Casa Berardi gold find, Bruce McDonald, has sold most of his remaining shares of the junior. In its OSC Bulletin, the Ontario S…
Hope Brook plans copper recovery
Along with gold, the Hope Brook orebody runs about 0.2% copper. Until now the copper was discharged to the tails. However, on her last tour of inspection in early March, President and Chief Executive …
METAL PRICES — FREE MARKET (April 12, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 6 Apr. 5 Apr. 2 Apr. 1 Mar. 31 Copper 1373-1374 1388-1389 1410-1411 1406-1407 1…
TSE SHORT POSITIONS (April 12, 1993)
Semi-monthly reports as of Mar. 31, showed 61,066,784 shares of 662 issues compared with 67,018,621 shares of 655 issues on Mar. 15. Larger individual positions included: Aber 60,100, down 33,956; Ade…
Sherritt offering
Sherritt Gordon (TSE) has made a public offering of US$200 million aggregate principal amount of 934% notes due April 1, 2003. The underwriter is Goldman, Sachs & Co. Sherritt will use the proceeds pa…
Taseko advances Fish Lake project
With more than $7 million in working capital and no debt, Taseko Mines (VSE) is forging ahead with development of its Fish Lake deposit, southwest of Williams Lake, B.C. At the recent annual meeting i…