MNDM opens Toronto centre
Ontario’s Ministry of Northern Development and Mines officially opened its new Mines and Minerals Information Centre in the Macdonald Block, 900 Bay St., Toronto, Oct. 5. With the ministry relocated t…
News
CIM to address timely issues
A panel of experts will address such issues as market cycles and reserves replacement on Jan. 21, 1993, at a mineral economics symposium hosted by the Mineral Economics Society of the Canadian Institu…
TORONTO STOCK EXCHANGE INDICES (October 12, 1992)
Oct.6 Oct.5 Oct.2 Oct.1 Sept.30 High Low Composite”300″3227.53 3231.07 3275.04 3297.88 3327.24 4009.47 3009.91 Metals&Minerals 2706.47 2736.48 2792.58 2830.96 2841.07 3453.06 2502.63 Integrated Mines2…
LETTERS TO THE EDITOR — Placer Dome dispels rumor
Your stock market report (T.N.M., Oct. 5/92) claims “the word on the street” is that Placer Dome “is planning to put an end to exploration in Canada in favor of overseas projects.” Nothing could be fu…
PRODUCER PRICES (October 12, 1992)
ALUMINUM: MW U.S. market US57.80-58.50 cents per lb. (Sept. 24, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 19…
Exall acquiring Mexican properties
Options on three Mexican copper properties are being acquired by Exall Resources (TSE) through the takeover of Mexican-based Cerro de Cobre. The properties — Santo Tomas, Verde Grande and San Martin …
Rules to regulate unpatented claims
The Bureau of Land Management (BLM) of the U.S. is proposing rules to regulate use and occupancy of unpatented mining claims on federal lands under the 1872 Mining Law. The proposed regulations would …
Faraday seeks share extension
A special meeting of common and preferred shareholders of Faraday Resources (TSE) is to be held on Oct. 30 to consider extending the conversion privilege attached to Faraday’s series A first preferenc…
Midas acquiring all of McKendry
Agreements with a private company and the venture capital arm of a chartered bank to acquire the 50% interest in Mc-Kendry Quarries Ltd. it does not already own have been reached, Midas Minerals (TSE)…
STOCK MARKETS — Kookaburra copper holdings attract investor
Apparently little affected by constitutional matters, the dollar or interest rates, the Vancouver Stock Exchange drifted lower during the week ended Oct. 6, with the composite index losing 6.99 points…
Spot prices at a glance (October 12, 1992)
Week’s Price (US) Change Gold* $349.50 + $0.50 Silver* $ 3.75 – $0.02 Platinum* $359.00 – $8.50 Nickel** $ 3.01 – $0.02 Lead** $ 0.25 – $0.02 Copper $ 1.03 – $0.03 Zinc $ 0.54 – $0.04 Courtesy of Scot…
STOCK MARKETS — Gold, diamond issues hold up under market
Gold and diamond stocks managed to hold their own amid the volatility that gripped North American financial markets during the week ended Oct. 6. Spurred on by major buyers looking for a safe investme…