More about diamonds (February 08, 1993)
Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. and Alberta — Minerais Barexor (ME) and Nevsun Resources (VSE) have reached an agreement whereby Nevs…
News
STOCK MARKETS — Noranda hammered by selloff of Edper
Shaken by a selloff of the Edper Bronfman stocks, including Noranda, The Toronto Stock Exchange’s 300 composite index managed a gain of only 10 points during the week ended Feb. 2. Even though Noranda…
Toronto Stock Exchange Indices (February 08, 1993)
Feb.2 Feb.1 Jan.29 Jan.28 Jan.27 High Low Composite”300″3321.83 3310.92 3305.47 3307.92 3311.64 4009.47 3009.91 Metals&Minerals 2774.96 2765.51 2773.54 2782.42 2806.21 3453.06 2502.63 Integrated Mines…
STOCK MARKETS — Market action focuses on players at
Western markets continued to charge ahead during the period ended Feb. 2, posting a number of successive new highs not seen for more than two and a half years. The Vancouver Stock Exchange composite i…
Spot prices at a glance (February 08, 1993)
Week’s Price (US) Change Gold* $329.60 – $1.00 Silver* $ 3.67 – $0.01 Platinum* $359.60 – $3.90 Nickel** $ 2.62 – $0.01 Lead** $ 0.19 $0.00 Copper $ 1.01 – $0.01 Zinc $ 0.50 + $0.02 Courtesy of Scotia…
Ariel acquires adjacent ground
Costa Rican gold producer Ariel Resources (VSE) has increased substantially its reserve position by acquiring the San Martin property adjacent to its Tres Hermanos mining operation. Ariel says it paid…
Metal Prices — FREE MARKET (February 08, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 2 Feb. 1 Jan. 29 Jan. 28 Jan. 27 Copper 1536-1537 1521-1522 1497-1498 1493-1494…
PRODUCER PRICES (February 08, 1993)
ALUMINUM: MW U.S. market US56-57 cents per lb. (Jan. 28, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CA…
Caledonia’s marble interests grow
The merging of Renaissance Stone Masonry Co. with Hungarian state-owned Kofargo Marble Stone Masonry Co. gives the new company, known as Renaissance, a strong position with regards to the Hungarian ma…
Westmin projects tonnage increase from infill drilling at
Infill drilling results from the Myra Falls mine property near Campbell River, B.C., prompted mine owner Westmin Resources (TSE) to predict that ore tonnage in the main Battle and the upper lenses wil…
East West to drill at Casa Berardi
East West Resource (VSE) has agreed to pay Cross Lake Minerals (VSE) $15,000 and spend $70,000 to earn a 50% interest in a 55-claim property in Casa Berardi Twp., Que. The claims, which lie next to a …
Madeleine acquires Lac des Iles royalty
Toronto-based junior Madeleine Mines (TSE) has acquired the operating profits interest in three of the four Crown mining leases that comprise the Lac des Iles platinum project near Thunder Bay, Ont. T…