METAL PRICES — FREE MARKET (February 15, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 9 Feb. 8 Feb. 5 Feb. 4 Feb. 3 Copper 1562-1563 1559-1560 1534-1535 1538-1539 15…
News
New corporate look for South Atlantic
A recently completed debt swap and a private placement increases Adolf Lundin’s interest in South Atlantic Ventures (VSE) to 62.5%, or about 15.3 million shares. The company, along with 30% joint vent…
INSIDER TRADING — Goldcorp ups stake in juniors
Toronto-based Goldcorp (TSE), which made its early fortunes as a publicly traded company by investing in gold stocks, increased its position in two Canadian juniors recently. According to the Ontario …
Cyprus to drill at Massicotte
A drilling program is scheduled to begin this month on the Massicotte property north of La Sarre, Que., Radisson Mining Resources (ME) reports. Radisson says it has signed an option agreement, subject…
Somerset Island programs planned
About $1 million will be spent this year by several junior companies planning to explore various diamond properties on Somerset Island, N.W.T. This Arctic Islands region was explored by Diapros (a sub…
Favorable results from Talapoosa
Results from a continuing exploration program at the Talapoosa gold property in Nevada have Athena Gold (VSE) confident the project is advancing as planned. Pegasus Gold (TSE), operator of the joint v…
LETTERS TO THE EDITOR — Crowning bullion king
Gold and silver prices may have hit rock bottom in a world with bills due and a designed shortage of paper cash, but “the bottom” is always followed by an upswing. For it to be a permanent upswing, pe…
Positive Chaucha project report leaves Kookaburra confident
The recent completion of a preliminary technical and economic study on the Chaucha copper project in Ecuador has Kookaburra Resources (VSE) confident in the project’s potential and eager to proceed wi…
Rayrock offer
Rayrock Yellowknife Resources (TSE) has extended, until Feb. 8, the deadline for acceptance of an offer to holders of Rayrock’s $24.5 million 7.5% convertible subordinated debentures. Terms of the off…
CIM receives $3,500 in grant
A grant of $3,500 goes to the Canadian Institute of Mining, Metallurgy and Petroleum’s Mineral Economics Society, says Ontario’s Northern Development and Mines Minister Shelley Martel. “The society su…
NO HEADLINE (February 08, 1993)
Stewart Jackson appointed president.
Gold Funds (February 08, 1993)
BGR Central Net Value $8.11 $5.05 Price $5.75 $4.40 Discount 29.09% 12.9% Value $45,420,000 $74,026,920.