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…
News
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…
Private placement to raise US$5 million for Seine River
A private placement with K.B. Resources is expected to inject US$5 million into Seine River Resources (VSE). K.B. Resources, a private firm owned by Seine directors Bernard Brynelsen and Mervin Davis,…
METALS PRICES — FREE MARKET (November 02, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct. 27 Oct. 26 Oct. 23 Oct. 22 Oct. 21 Copper 1427-1428 1405-1406 1382-1384 1382-13…
PRODUCER PRICES (November 02, 1992)
ALUMINUM: MW U.S. market US53.50-54.50 cents per lb. (Oct. 15, 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, 199…
TORONTO STOCK EXCHANGE INDICES (November 02, 1992)
Oct.27 Oct.26 Oct.23 Oct.22 Oct.21 High Low Composite”300″3286.44 3275.99 3246.76 3258.77 3252.63 4009.47 3009.91 Metals&Minerals 2676.37 2729.47 2679.05 2695.52 2652.20 3453.06 2502.63 Integrated Min…
Spanish lead-zinc mine closes
Exploracion Minera Internacional Espana S.A. (Exminesa), a Spanish mining company 48% owned by Cominco (TSE), has announced the closure and sale of all capital assets at its Rubiales lead-zinc mine in…
Temisca plans field work on four gold properties
Four gold properties, totalling 59 claims, have been optioned by Temisca Resources (ME) in Courville Twp., near Senneterre, Que. To earn an 80% interest in the Pershing Manitou, Rolartic, Eastville, a…
Pezim group drops Copper Canyon
Murray Pezim’s Fairhaven Resources (VSE) recently terminated its option to earn interests in two copper-gold properties in the Galore Creek area of British Columbia. Fairhaven, formerly Consolidated R…