Horne smelter explosion under investigation
Operations at Noranda’s (TSE) Horne smelter in Rouyn-Noranda, Que., were halted for a few days in early March following an explosion in a concentrate bin that feeds the smelter furnace. The smelter, w…
News
STOCK MARKETS — TSE 300 index climbs during busy trading
Although corporate Canada continues to crank out layoff notices and the “recovery” seems far from a sure thing, Canadian investors are invading the stock market. During the week ended March 9 — when …
Spot prices at a glance (March 15, 1993)
Week’s Price (US) Change Gold* $326.50 $3.05 Silver* $ 3.57 $0.01 Platinum* $345.00 + $2.50 Nickel** $ 2.72 + $0.04 Lead** $ 0.19 $0.00 Copper $ 0.97 $0.00 Zinc $ 0.45 $0.01 Courtesy of Scotiabank. In…
Orvana hits high-grade values
A recent trenching program on Orvana Minerals’ (TSE) Central Inlier property in Jamaica has encountered high-grade gold mineralization. A series of trenches was excavated along a strike length of 120 …
FINANCING (March 15, 1993)
Mountain Province Mining — 1,250,000 units @ 66 cents per unit where each unit consists of 1 sh and 1 two year Series G sh purchase wts. 2 Series G wts to purchase 1 sh.
GOLD FUNDS (March 15, 1993)
BGR Central Net Value $8.67 $4.86 Price $6.75 $4.50 Discount 22.13% 7.4% Value $48,557,000 $75,709,350…
Dia Met outlines plans for Lac de Gras sampling
A long-awaited summary of Dia Met Minerals’ (TSE) diamond exploration plans for the Northwest Territories was released recently. As previously reported, Dia Met and partner BHP Minerals Canada will bu…
LATIN AMERICA SPECIAL — Canada and Mexico discuss
A memorandum of understanding on developing ties between the mineral industries of Canada and Mexico was signed in Ottawa recently by officials of the two North American countries. The officials met t…
LATIN AMERICA SPECIAL — Petroleum study for South America
An agreement to manage and market a Sub-Andean Basins petroleum study has been signed by Petroleum Information Canada and ARPEL, the Latin American State Oil Co. Association for Reciprocal Assistance….
InterStar closes manganese sale
The first commercial sale of manganese ore production from the Burkina Faso mining project in Africa has closed, InterStar Mining Group (CDN) reports. The 10,000-tonne purchase order was processed by …
Aur search for base metals extends to eastern U.S.
In its search for new volcanogenic massive sulphide deposits, Aur Resources (TSE) has targeted the Northern Volcanic Belt in the Appalachian mountains of Maine and New Hampshire as a top priority. Thi…
Cameco property reserves decline
Reserves have decreased at Cameco’s (TSE) mineral properties in Saskatchewan. As of Jan. 1, 1993, the company’s share of uranium reserves from five deposits was 460 million lb. U3O8. This represents a…