Spot prices at a glance (April 19, 1993)
Price (US) Week’s Change Gold* $337.55 + $0.40 Silver* $ 3.90 + $0.11 Platinum* $362.00 + $1.40 Nickel** $ 2.70 – $0.03 Lead** $ 0.19 $0.00 Copper $ 0.90 – $0.02 Zinc $ 0.47 + $0.02 Courtesy of Scotia…
Articles by Northern Miner Staff
Dundee offer (April 19, 1993)
More than 98% of the outstanding common shares of Dundee Capital were tendered under an issuer bid, Dundee Bancorp (TSE) reports. Once the shares tendered are canceled, Dundee Bancorp will own 99.8% o…
Athlone acquires Venezuelan ground
A 100% interest in a gold and diamond concession application in the Anacoco area of the Venezuelan state of Bolivar has been acquired by Athlone Resources (VSE). The rights for the 800-hectare propert…
Nominations are sought for Mining Hall of Fame
The board of directors of the Canadian Mining Hall of Fame has issued its yearly call for nominations that will lead to the induction of a new group of individuals early in 1994. Since its inception i…
Kennecott getting new president
The president and chief executive officer of Kennecott is retiring in June. Frank Joklik will be succeeded by Robert Cooper, the current chief operating officer. Joklik has headed Kennecott, a wholly-…
Improved recovery lifts Red Dog’s spirits
The Red Dog zinc-lead mine in northwest Alaska has proved challenging for Cominco (TSE), which owns and operates the facilities under a lease agreement with NANA Regional Corp. Between startup in late…
NEWS ROUNDUP — Dickenson gets shares for Goldquest debt
Dickenson Mines (TSE) has converted the $95,000 owed to it by Goldquest Exploration (TSE) into 527,777 common shares of Goldquest. The debt was converted on the basis of one common share of Goldquest …
New program at Verneuil Twp.
The third phase of drilling is under way at a Verneuil Twp. gold prospect in northwestern Quebec, Golden Tag Resources (VSE) reports. The initial holes of a minimum 10,000-ft. program are planned for …
NEWS ROUNDUP — Breakwater splits with Arimetco
The management contract between Breakwater Resources (TSE) and Arimetco Resources (TSE) has been canceled. Formed last year, it provided that Arimetco manage Breakwater’s operations. The companies joi…
Mongolia welcomes foreign mining investment
After 72 years of Russian domination, Mongolia has turned to a market economy and is seeking foreign investment to revive its mining industry. Mongolian Mines Minister Dorjiin Tsogbaatar and his econo…
Dia Met ready to process samples
Diamond explorer Dia Met Minerals (TSE) will begin processing kimberlite samples stockpiled at its pilot plant in Colorado soon, says president Jim Eccott. Since the material must be thawed completely…
PRODUCER PRICES (April 19, 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…