PRODUCER PRICES (November 29, 1993)
ALUMINUM: MW U.S. market US49.5-50.5 cents per lb. (Nov. 11, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993…
News
Taysan paves way for Philippine pit
As part of an ongoing prefeasibility study of its Taysan copper-gold project in the Philippines, Chase Resource (TSE) has released a study on infrastructure implications. Chase hopes to develop a 50,0…
STOCK MARKETS — VSE resource index gainsas composite index
Western markets continued to churn over the report period ended Nov. 23, with the Vancouver Stock Exchange resource index posting a 2.23-point gain to 1,526.16. The composite index lost ground, slippi…
EXPLORATION ’93 — Holloway awaits feasibility study
A feasibility study expected early in the new year may determine the fate of the Holloway gold project in northeastern Ontario. Hemlo Gold Mines (TSE), with a 58% direct and indirect ownership interes…
EXPLORATION ’93 — New focus on Colorado’s Sloan pipe
Considering the current level of interest in diamond exploration, it was only a matter of time before the hopes and dreams of explorationists once again settled on the Sloan diatreme, 135 km north of …
EXPLORATION ’93 — Mines Gaspe marks 40 years
The Mines Gaspe operation of Noranda (TSE) reached a major milestone in 1993 — 40 years of operation. Situated in the rugged interior of the Gaspe Peninsula near Murdochville, Que., Mines Gaspe opera…
INSIDER TRADING — Two Agnico officers sell shares
Two officers of Agnico-Eagle Mines (TSE) excercised options and sold shares in October. According to the Ontario Securities Commission’s OSC Bulletin, officer John Clement sold 3,000 shares at $19 to …
Westfield adds to cash position
Earnings of $453,000 for the nine months ended Sept. 30, 1993, have added to the fortunes of Westfield Resources (TSE). The debt-free company has cash and marketable securities totaling $24.3 million,…
Metall’s quarterly report mixed
There was good news and bad news during the third quarter for Metall Mining (TSE). On the plus side, production of copper cathode from its 87.3%-interest in the Copper Range mine in Michigan increased…
Canyon drilling returns gold at Mtn. View
Drilling on the Mountain View property in northern Nevada has returned gold-mineralized intersections. Canyon Resources (NASDAQ) is earning a 60% interest from Independence Mining and expects to compl…
Compromise may be coming over U.S. mining royalty plan
Reform of mining legislation in the U.S. reached a new stage recently when the House of Representatives voted in favor of imposing an 8% net smelter return (NSR) royalty on hardrock mining companies o…
Great Lakes buys into Grouse Creek
A preliminary prospectus for an offering worth up to $35 million has been filed by Great Lakes Minerals (TSE). The company will use US$6.8 million to buy a 20% undivided interest in the Grouse Creek g…