Communications workshop set
A workshop on mining-related communications will take place June 7 and 8 in Sudbury, Ont. The workshop is an outgrowth of the Intergovernmental Working Group on the Mineral Industry and the Whitehorse…
News
Fording award for reclamation
Fording Coal has won a mine reclamation award. It was presented in Port Hardy at British Columbia’s annual mine reclamation symposium. Other winners were Noranda Minerals, which was awarded a metal mi…
Glamis builds acquisition war chest
Net proceeds of about $22 million from two recent financing arrangements will be used by Glamis Gold (NYSE) to fund the acquisition of gold properties and augment working capital. James Billingsley, v…
A strategic view of the industry’s competitiveness
A large part of our industry activity is driven by enthusiasms — enthusiasms that capture the imagination of investors and of the industry press. The arrival of instantaneous information capability m…
Metal Prices — FREE MARKET (May 31, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 25 May 24 May 21 May 20 May 19 Copper 1190-1191 1178-1179 1183-1184 1176-1177 11…
LETTERS TO THE EDITOR — Regulatory obstacles frustrating
Clearly, bureaucratic gridlock in all of Canada has not reached epidemic proportions if the logical and creative plans of Royal Oak’s Hope Brook mine to add a copper flotation circuit can be accomplis…
Firstmiss Gold posts $4 million loss
Several factors have contributed to a loss of $4 million in the third quarter for Firstmiss Gold (NASDAQ). These include a $1-million writedown of low-grade ore stockpiles, high operating costs due to…
STOCK MARKETS — Dia Met hits new high of $62 on bulk-sample
Speculation over upcoming bulk-sample results from the Lac de Gras area of the Northwest Territories sent Dia Met Minerals to a high of $62 for a gain of $9.13 during the week ended May 25. Waiting an…
STOCK MARKETS — Resource index on VSE surges to record
With gold holding on to gains, and diamond stocks generally steady, the Vancouver Stock Exchange resource index continued its upward sprint, finishing the week ended May 25 up more than 70 points at a…
Hemlo’s Freewest stake jumps to 27%
Toronto-based Hemlo Gold Mines (TSE) will increase to 27% its interest in Freewest Resources (TSE) by acquiring one million shares of the junior under a financing agreement signed in 1989. The common …
Toronto Stock Exchange (May 31, 1993)
— Week — May 25 May 24 May 21 May 20 May 19 High Low Composite”300″ 3859.91 N/A 3835.99 3831.59 3811.29 3859.91 3801.34 Metals&Minerals 2916.19 N/A 2880.75 2900.64 2882.36 2925.62 2860.54 Integrated…
BM&S exploring
Toronto-listed Brunswick Mining and Smelting has earmarked $37.5 million over the next five years to find ore within trucking distance of its New Brunswick operation. If this search proves fruitless, …