NEWS ROUNDUP — Granada set to produce
The Granada gold project, 6 km southwest of Rouyn-Noranda, Que., is set to begin producing this month. Joint owners KWG Resources (ME) and SEG Exploration (ME) report that the property, a former produ…
News
Lac reports quarterly loss
A decision to spend an additional $5.5 million on increased exploration of the Red Mountain gold project in British Columbia has led to a quarterly loss, Lac Minerals (TSE) reports. The gold producer …
NEWS ROUNDUP — Orvana plans financing for Butte play
Taking advantage of the recent jump in its share price, Orvana Minerals (TSE) plans to raise $19.2 million through a private placement at $7.37 per share. Proceeds would fund further exploration of th…
Kookaburra Res. drops Chaucha
After receiving results of column testing of supergene ore from a copper prospect in Ecuador, Kookaburra Resources (TSE) decided to drop its option. It had the right to earn a half interest in the Cha…
Jordex expands Bolivian portfolio
Toronto-listed Jordex Resources has added substantially to its land position in Bolivia’s Precambrian Shield. The recent acquisition of the 4,431-hectare Paula Cecilia property brings to 45,000 hectar…
ODDS’N’SODS — The necessity of thinking fast when
Hunting for a job in the mines in the “Hungry ’30s” required perseverance, determination and precocity, as well as a forced bravado born of necessity. It was no task for the faint of heart, when there…
DIAMOND PAGE — Details are sketchy as Cons. Pine awaits
Management of Consolidated Pine Channel Gold (VSE) expects it will be several more weeks before details are available on the Tobin Lake project where a hole has reportedly intersected pyroclastic kimb…
Canmine options Golden Blue play
Junior Canmine Resources (CDN) has agreed to option up to half of the Golden Blue property near Bissett, Man. In return, the company must spend $200,000 over five years. A shaft was sunk in the late 1…
STOCK MARKETS — Disappointing earnings cause slide in gold
Most gold equities — those that released earnings, anyway — fell during the report week ended Nov. 2. Investors, perhaps fooled by the rise in the price of gold, had been anticipating stronger earni…
PRODUCER PRICES (November 08, 1993)
ALUMINUM: MW U.S. market US49.75-51.50 cents per lb. (Oct. 28, 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, 19…
Bishop continues Guadalupe work
Encouraged by assays from its Guadalupe prospect in northwestern Mexico, Bishop Resources International Exploration (CDN) says exploration will continue. Initial samples of high-grade material returne…
METAL PRICES — FREE MARKET (November 08, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 2 Nov. 1 Oct. 29 Oct. 28 Oct. 27 Copper 1622-1623 1601-1602 1612-1613 1608-1609 1600-1601 Lead 396-397 394-395 402-403 401-402 395-…