Union suggests resources committee
A mining committee to manage Ontario’s resources is necessary in light of mine closures such as the recently announced shutdown of the Dona Lake gold mine of Placer Dome (TSE) in northwestern Ontario,…
1993
STOCK MARKETS — Market speculation returns diamond stocks to
Diamond stocks sprang back to life during the week ended March 2 with several of the main Lac de Gras, N.W.T., players touching new highs on speculation over spring drilling programs. Among those ente…
TORONTO STOCK EXCHANGE INDICES (March 08, 1993)
Mar.2 Mar.1 Feb.26 Feb.25 Feb.24 High Low Composite”300″3446.22 3432.69 3451.69 3459.94 3465.75 4009.47 3009.91 Metals&Minerals 2833.00 2859.05 2908.11 2911.26 2922.26 3453.06 2502.63 Integrated Mines…
Teck sale boosts Metall profit
A $6.5-million gain on the sale of its Teck (TSE) shares helped boost Metall Mining’s fourth-quarter earnings to $9.78 million last year (18 cents per share) from $1.03 million (2 cents per share) in …
Cambior output increases by 13%
Gold production in 1992 rose by more than 13% to 354,298 oz., Cambior (TSE) reports. The company, based in Val d’Or, Que., and with interests in gold-producing properties in Quebec, Alaska and Guyana,…
METAL PRICES — FREE MARKET (March 08, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 2 Mar. 1 Feb. 26 Feb. 25 Feb. 24 Copper 1471-1472 1475-1476 1514-1515 1497-1498…
METALS MARKETS — Cobalt dogged by supply problems
Produced as a co-product with copper and/or nickel, cobalt is experiencing increased supply problems. The metal has application in aerospace alloys, cutting tools, magnets, ceramics and chemicals. A v…
Partners Carson, Venezuelan Gold add to holdings
Joint-venture partners Carson Gold (VSE) and Venezuelan Goldfields (VSE) are further expanding their land package in the Kilometre 88 district of Venezuela. The two companies have entered into an agre…
Sutton boosts nickel reserves
Recent preliminary estimates of reserves for the Kabanga nickel deposit in northeastern Tanzania put total reserves at about 25.5 million tons grading 1.19% nickel, 0.2% copper and 0.1% cobalt at a 0….
Scotiabank’s metals sub-index shows slight improvement
The metal and mineral sub-index of Scotiabank’s commodity price index moved up marginally in January as a slight improvement in copper and nickel prices offset declines in lead, gold and silver prices…
BHP to explore for zinc in China
A joint venture agreement to explore for zinc in China’s Sichuan province was recently signed by BHP Minerals and Sichuan Non-Ferrous Metals Ore Resources Exploration Development Corp. (SREDCO). Based…
Akiko, Bradner option Nevada claims
Exploration activity is heating up in Nevada’s Crescent Valley area where Placer Dome (TSE) is advancing the Pipeline and South Pipeline gold deposits. The most recent entrants in the region are Akiko…