Central bank sales cap gold price
The future direction of the gold price is of keen interest to many market-players. The price has been propelled by an expectation that inflation rates will rise sharply; this is seen as a possible con…
News
METAL PRICES — FREE MARKET (July 26, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 20 July 19 July 16 July 15 July 14 Copper 1894-1895 1917-1918 1913-1915 1925-19…
Producer Prices (July 26, 1993)
ALUMINUM: MW U.S. market US55.50-57.00 cents per lb. (July 15, 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…
Toronto Stock Exchange Indices (July 26, 1993)
— Week — Jul 20 Jul 19 Ju1 16 Jul 15 Jul 14 High Low Composite”300″ 3876.14 3867.74 3901.79 3931.27 3941.66 3957.09 3855.68 Metals&Minerals 2850.56 2828.13 2852.17 2887.52 2937.33 2963.14 2815.42 In…
Great Lakes buys — Mexican gold play
Great Lakes Minerals (TSE) has picked up an option to buy a 100% interest in the Lluvia del Oro gold project in Mexico. Approximately 200 km south of Tucson, Arizona, the property hosts a gold-mineral…
Noble Peak works polymetallic play
A field program is to begin on MH Resources’ Mag Lake polymetallic project near Rankin Inlet, N.W.T. A private company, MH was formed to combine the interests of Noble Peak Resources (ASE), Dejour Min…
Court decisions buoy Curragh
Shares of Curragh (TSE) added 11 cents to 60 cents after court decisions in separate parts of the country swung in the zinc miner’s favor. In New Glasgow, N.S., criminal charges against the company an…
NEWS ROUNDUP — Magma Copper buys into Sanchez
Financing of the Sanchez mine project in southeastern Arizona is one step closer to completion following an agreement between owner Azco Mining (TSE) and Magma Copper (NYSE). Magma agreed to buy a 15%…
Book Review — Gold a unique, evolving commodity
The International Gold Trade, by Tony Warwick-Ching, Woodhead Publishing, Abington Hall, Abington, Cambridge, England, CB16AH (US$150). This book provides a comprehensive survey of a rapidly evolving …
Conwest, Faraday directors announce amalgamation plan
The boards of directors of Conwest Exploration and Faraday Resources have approved an amalgamation of the two Toronto-listed companies. Faraday shareholders will receive 0.42 common shares of the amal…
COMMENTARY — Indian silver imports relaxed
The habit of relaxing precious metals regulations in India is catching. Last year, it was gold; this year, silver. The Indian government announced in February that, for the first time in more than 40 …
NEWS ROUNDUP — Soquem exercises MSV warrants
Exploration in the Chibougamau, Que., area will get an extra boost following Soquem’s decision to exercise warrants of MSV Resources (ME). Under a $1.2 million private placement agreement signed last …