`Indicators’ ignite Lytton
Shares of Lytton Minerals (TSE) soared to a new high of 80 cents from 30 cents recently after the company reported the recovery of “substantial amounts” of chrome diopside from two samples taken on it…
News
NEWS ROUNDUP — Gencap purchases more KWG shares
A holding company controlled by Pierre Gauthier of Montreal has increased its ownership position in KWG Resources (ME) through a private transaction. TThe holding company, Gencap, bought 337,500 share…
NEWS ROUNDUP — Cominco improves bottom line
A $65-million profit was reported by Cominco (TSE) for the first nine months of this year, a dramatic improvement from the $25-million loss for the comparable 1991 period. The profit for the third qua…
MINER DETAILS — Mining will regain public support
For the past eight years, as a reporter and editor for The Northern Miner, I’ve been fortunate — observer of the mining industry untouched by the slings and arrows of its outrageously cyclical fortun…
Roasting Keevil in Vancouver
Doyen of Canadian mining, Norman Keevil will be roasted Nov. 24 at Vancouver’s Pan Pacific Hotel. The roast will be preceded by a murder mystery (“Mystery of the O’Dunne Sapphire”) and a dinner at the…
Tribute paid to metallurgists
The international metallurgy community paid tribute recently in Montreal to two Canadian scientists for their contribution to the steel refining process. Guy Savard and Bob Lee, now retired Canadian L…
BOOKS IN REVIEW — Rockburst classic
Rockburst Handbook for Ontario Hardrock Mines, by David Hedley. Published by The Canada Centre for Mineral and Energy Technology. Library and Documentation Services Division, 555 Booth St., Ottawa, On…
Inco reports lower earnings
International producer Inco (TSE) says it realized an average price for its nickel of US$3.47 per lb. during the third quarter of 1992 and US$3.51 during the first nine months, compared with US$3.90 a…
STOCK MARKETS — Adrian financing provides funds for Panama
The Vancouver Stock Exchange is continuing to attract negative press, the most recent being an unflattering article in Barrons. The fallout, coupled with gold’s renewed slide toward questionable suppo…
Spot prices at a glance (November 02, 1992)
Week’s Price (US) Change Gold* $338.20 – $5.30 Silver* $ 3.77 – $0.04 Platinum* $356.50 – $0.75 Nickel** $ 2.78 + $0.03 Lead** $ 0.23 – $0.01 Copper{ $ 1.02 – $0.01 Zinc{{ $ 0.50 – $0.01 Courtesy of S…
Coeur plans public offering
A registration statement was recently filed with the Securities and Exchange Commission by Coeur d’Alene Mines (NYSE) for a US$75-million public offering of convertible subordinated debentures. The Id…
Placer options base metal property near Quebec City
An option agreement has been signed between Cache Explorations (ME) and Placer Dome (TSE) on Cache’s Riviere-a-Pierre property northwest of Quebec City. Under the agreement, Placer can acquire a 60% i…