Producer Prices (May 03, 1993)
ALUMINUM: MW U.S. market US51.25-52.25 cents per lb. (Apr. 22, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 11, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
1993
New financings for MinVen, Euro
A strong performance recently by the yellow metal has prompted at least two gold-producers to announce new financing. Cash-strapped MinVen Gold (TSE), which has been burdened by heavy debt and low gol…
Conwest shares
Conwest Exploration (TSE) has entered into a “bought deal” agreement worth almost $55 million. Underwriters, led by First Marathon Securities, will buy three million B subordinate-voting shares of the…
HOPE BROOK REVIVAL
Royal Oak Mines acquired the Hope Brook mine in southwestern Newfoundland last year and by July 1, 1992, had begun commerical production. Total output for the year was 50,693 oz. The mine is running n…
PAMOUR: Beats the odds
Take a single paper match and cut a piece from the end just a little shorter in length than the match is wide. This fragment then represents the amount of gold the Pamour mine has in one ton of ore. A…
R.I.P.
The Northern Miner Magazine was born in 1986. From the beginning it was an outstanding success. Both readers and advertisers were drawn to the publication because of its lively mix of featurish-type, …
OPERATING UNDER SIEGE
The aptly named Giant mine in Yellowknife, N.W.T., was bleeding red ink when Royal Oak Mines acquired Giant and other assets of the Pamour group late in 1990. By the time negotiations began with Local…
WITTE’S ROYAL TOUCH
Few mining executives have faced such complex and demanding challenges as those taken on recently by Margaret (Peggy) Witte, the hands-on chairman, president, and chief executive of Royal Oak Mines. W…
Cominco Res. steps up exploration
Exploration by Cominco Resources International (VSE) in 1993 will include more than $15 million in expenditures under company control. Of that total, the company’s net cost is about $5.7 million. Alth…
LETTERS TO THE EDITOR — Judge addresses material change
In your article “Judge finds in Seabright’s favor” (T.N.M., Apr. 5/93), you say that “a peculiar one-sided situation may be created by which optimistic estimates are quickly publicized, yet later pess…
LETTERS TO THE EDITOR — Seabright coverage incomplete
We are writing in connection with the article “Judge finds in Seabright’s favor” (T.N.M., Apr. 5/93). We represented Terence Coughlan and Jack Garnett at the trial of their action against Westminer Ca…
LATIN AMERICA ROUNDUP — Orvana resumes Jamaican work
Reflecting its increased activities in Jamaica, Orvana Minerals (VSE) has opened an office in Kingston and hired additional staff. Recently, it resumed exploring the Central Inlier property. The progr…