Spot prices at a glance (August 23, 1993)
Week’s Price (US) Change Gold* $372.85 – $8.50 Silver* $ 4.69 – $0.10 Platinum* $388.00 – $5.25 Nickel** $ 2.08 – $0.11 Lead** $ 0.17 – $0.01 Copper $ 0.87 – $0.01 Zinc $ 0.39 $0.00 Courtesy of Scotia…
Articles by Northern Miner Staff
PRODUCER PRICES (August 23, 1993)
ALUMINUM: MW U.S. market US55.75-56.75 cents per lb. (Aug. 12, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
Gold Funds (August 23, 1993)
BGR Central Net Value $13.65 $6.15 Price $12.13 $6.375 Discount 11.16% 3.7% Value $76,449,000 $115,383,038…
South Africa in global spotlight
Easily the richest country on the African continent, South Africa is fast becoming as lawless and unheeding of human rights as many neighboring nations, such as Zaire and Mozambique, where anarchy has…
MVP completes bond, warrant issue
Toronto-based junior MVP Capital (TSE) has issued $1 million in convertible bonds and warrants. The bonds will have an interest rate of 10% per year payable semi-annually in cash or 14% per year payab…
Difficult times for producers
The past few years have been disastrous for mining companies in the Western World, says a report published by British-based Metals and Minerals Research Services. Between 1988 and 1992, nominal US dol…
Losses mount for Curragh
Struggling Curragh (TSE) reported a net loss of $29.9 million for the second quarter. The company attributes the situation to the decision in April to cease production at its lead-zinc-silver mine in …
PEOPLE — QUINTO MINING (August 23, 1993)
Philip Kratzer appointed director.
Flat outlook for gold output
Gold miners around the world project flat production through to 1996, The Gold Institute of Washington, D.C., reports in an annual survey. The survey, in which more than 200 producers were assessed, s…
Toronto Stock Exchange Indices (August 23, 1993)
— Week — Aug 17 Aug 16 Aug 13 Aug 12 Aug 11 High Low Composite”300″ 4032.51 4020.20 4014.62 4008.97 4015.89 4033.22 3999.05 Metals&Minerals 3119.31 3140.94 3123.16 3126.24 3123.66 3158.23 3101.31 In…
Gold City to drill western properties
Alberta-based Gold City Resources plans to begin drilling this month on its two gold properties in south-central British Columbia. The properties have geology similar to the Crown Jewel-Buckhorn mine …
COMMENTARY — Home-grown political risk
The biggest challenge facing the mining industry today is its fierce battle with another industry — the industry of the preservationists, the professional (and elitist) organizations which exist only…