METAL PRICES — FREE MARKET (September 06, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 31 Aug. 30 Aug. 27 Aug. 26 Aug. 25 Copper 1970-1973 N/A 1969-1970 1947-1948 1969-1971 Lead 381-383 N/A 388-389 383-384 381-382 Zinc…
News
STOCK MARKETS — Western markets anticipate rebound for gold
Both the resource and composite indexes of the Vancouver Stock Exchange gained ground over the period ended Aug. 31 as investors awaited a rebound in the price of gold. The resource index added 35.67 …
MSV acquires new properties
Montreal-listed MSV Resources has added to its holdings near Chibougamau, Que., by acquiring the mining concessions and surface equipment of three properties of Meston Resources. The properties — Ced…
Bema brings Labyrinth back to life
By transferring to Labyrinth Resources (VSE) its option on properties in Venezuela’s Lo Increible gold belt, parent Bema Gold (TSE) has invigorated the 76%-owned junior. In return for transferring var…
OSC to appeal penny stocks ruling
The Ontario Securities Commission (OSC) will appeal a judge’s ruling which struck down a policy aimed at controlling abuses in the sale of penny stocks. Justice Robert Blair of the general division of…
Cambior ups reserves at Omai
The reserve picture at the Omai gold mine in Guyana has suddenly expanded by 20%, a pleased Cambior (TSE) reports. The proven and probable estimate has increased to 55 million tons grading 0.047 oz. g…
Kidd may add to reserves
Deep underground exploration at the Kidd Creek mine in Timmins, Ont., has turned up potential new reserves. While precise figures are not available, speculation has it that as much as another 10 milli…
Western to drill Mackenzie Break
Definition drilling is planned by Western Quebec Mines (TSE) on its recently acquired Mackenzie Break gold project 35 km north of Val d’Or, Que. The 10,000-ft. program is aimed at verifying the contin…
NEWS ROUNDUP — Lower costs at Sterling mine
There is bad news and good news from the Sterling mine in Nevada: It produced 6,865 oz. gold during the first six months of the year, short of the 7,508 oz. reported for the same period in 1992. But c…
True width remains uncertain — Unusually rich core for Cons.
Toronto-listed Consolidated Nevada Goldfields has reported a spectacular intercept of high-grade gold from its Nixon Fork deposit in west-central Alaska. Hole 93-22 intercepted 29.3 ft. grading 16.34 …
European mining focus of forum
North American businessmen can learn about the mining potential of Central and Eastern Europe at a forum this month in Mississauga, Ont. Business Forum ’93 is being organized by the International Indu…
LETTERS TO THE EDITOR — `Miners-get-out’ attitude sending
I find it ironic that the cartoon in your July 26 issue would appear beside the two letters to the editor about “sustainable development fraud” and “Canada exporting engineers.” The cartoon implies th…