Redfern arranges $5-million financing
Further work on the Tulsequah Chief and Big Bull properties in northwestern British Columbia is being financed through a $5-million private placement through Goepel Shields & Partners. The placement i…
News
ODDS ‘N’SODS — Payoff at Sheep Trail
Exploring for gold is a risky business and sometimes, as when Homestake Mining sank $700,000 into a single 10,200-ft.-long exploration hole a few years ago, the gamble pays off. Thanks to a persistent…
Geophysics chair funded by mining
Subsidiaries of mining giants Inco and Teck have joined with the Natural Sciences and Engineering Research Council of Canada (NSERC) to finance a chair in exploratory mineral drilling. The geophysics …
New board members
Three new appointments have been made to the British Columbia Mineral Tax Review Board, which hears appeals on taxes levied under the Mineral Tax Act from owners of mines in the province. The 3-year a…
DIAMOND PAGE — Diamond fund’s rolling
At least two companies have entered into share purchase agreements with the Caratax Diamond Exploration Limited Fund, a tax-sheltered investment fund that will hold a basket of Canadian diamond explor…
METAL PRICES — FREE MARKET (June 14, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 8 June 7 June 4 June 3 June 2 Copper 1198-1200 1193-1194 1255-1256 1218-1220 11…
PRODUCER PRICES (June 14, 1993)
ALUMINUM: MW U.S. market US52.00-53.00 cents per lb. (May 27, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 26, 1993). BISMUTH: MW New York dealer US$2.50-2.70 per lb. (Mar. 26, 1993…
TORONTO STOCK EXCHANGE INDICES (June 14, 1993)
— Week — Jun 8 Jun 7 Jun 4 Jun 3 Jun 2 High Low Composite”300″ 3862.72 3892.18 3894.63 3875.01 3859.82 3894.74 3848.86 Metals&Minerals 2926.39 2927.52 2919.30 2899.01 2902.72 2934.94 2896.47 Integra…
Canarc lands Suriname ground
A recently signed agreement gives Canarc Resource (VSE) an option to earn an 80% interest in the Sara Creek concession in east-central Suriname. To earn the interest, Canarc must spend US$2.3 million …
Black Hawk buying Keystone
Toronto-listed Black Hawk Mining plans to acquire an interest in the Keystone project near Lynn Lake, Man., from DCC Equities. The purchase price consists of five separate considerations including: 10…
LAST BUT NOT LEAST — Canmine begins program on Fer bet
A summer exploration program has begun on the Fer polymetallic property near Flin Flon, Man., belonging to Canmine Resources (CDN). The $200,000 program will include line-cutting, surface transient el…
LAST BUT NOT LEAST — Goldcorp to buy back shares (June 14, 1993)
An issuer bid has been made through the Toronto Stock Exchange by Goldcorp (TSE) to buy back up to 1.4 million class A participating partially voting shares of the company. The shares will be acquired…