NEWS ROUNDUP — Gibraltar to cut production
Toronto-listed Gibraltar Mines is planning to cut production at its open pit near McLeese Lake, B.C., in response to consistently low copper prices. It is also initiating a $500,000 feasibility study …
News
NEWS ROUNDUP — Treminco exploring properties
Exploration has begun on several gold properties near Yellowknife, N.W.T., belonging to Treminco Resources (TSE). Geochemical sampling will be carried out over intensely altered areas adjacent to mine…
EDITORIAL PAGE — Give us a `G’ . . .
For a while, we were a wee bit concerned about gold. After impressive gains in April and May to the US$380-per-oz. range, bullion prices settled back to about $365 and change. We feared that, once aga…
Western Troy and Nuinsco launch gold project near Rainy
A letter of intent has been signed between Western Troy Capital (ASE) and Nuinsco Resources (CDN) covering joint exploration of their gold properties near Rainy River, Ont. Nuinsco holds about 830 cla…
TORONTO STOCK EXCHANGE INDICES (July 12, 1993)
— Week — July 6 July 5 Ju1y 2 July 1 June 30 High Low Composite”300″ 3984.37 3990.49 3997.72 N/A 3966.37 4003.72 3947.23 Metals&Minerals 3013.00 3015.70 3020.48 N/A 2978.43 3047.46 2936.50 Integrate…
EDITORIAL PAGE — Mild relief for juniors
It took the Prospectors and Developers Association of Canada one and one-half years of quiet, behind-the-scenes diplomacy and just plain jawboning, but the effort was worth it. The Ontario government,…
Spot prices at a glance (July 12, 1993)
Week’s Price (US) Change Gold* $ 397.25 + $18.25 Silver* $ 5.17 + $0.59 Platinum* $ 408.75 + $23.05 Nickel** $ 2.34 – $0.09 Lead** $ 0.17 – $0.01 Copper $ 0.88 + $0.02 Zinc $ 0.42 $0.00 Courtesy of Sc…
Focal tests South Bradley samples
Although only one sample was evaluated by a certified Canadian lab using fire assaying, Focal Resources says six grab samples from the South Bradley project “appear to confirm” previous values reporte…
Gold coin sales on the upswing
Global sales of five leading international gold bullion coins increased by 56% during April and May compared with last year, the World Gold Council reports. Sales during the two months represented 270…
Tombill buys back shares
Toronto-listed Tombill Mines (TSE) plans to make a normal course issuer bid which would allow it to buy back nearly 84,000 of its class A voting shares and more than 85,000 class B shares. All the sha…
LAST BUT NOT LEAST — Faraday redemption date
Toronto-listed Faraday Resources reports that its $1.20 cumulative, redeemable, retractable, convertible, first-preference shares, Series A, can be redeemed July 20. They are redeemable at $16.50 per …
LAST BUT NOT LEAST — Jarvis issues private placement
A private placement of 200,000 shares at $3 per share has been announced by Jarvis Resources (VSE). Regulators have yet to approve the placement, proceeds from which will be used for general purposes….