International flavor to Cordilleran Roundup
Delegates to the recent 1993 Cordilleran Roundup heard about exploration activity at home, in particular in British Columbia and the Yukon, and also about opportunities overseas. In British Columbia, …
1993
STOCK MARKETS — Noranda hammered by selloff of Edper
Shaken by a selloff of the Edper Bronfman stocks, including Noranda, The Toronto Stock Exchange’s 300 composite index managed a gain of only 10 points during the week ended Feb. 2. Even though Noranda…
STOCK MARKETS — Market action focuses on players at
Western markets continued to charge ahead during the period ended Feb. 2, posting a number of successive new highs not seen for more than two and a half years. The Vancouver Stock Exchange composite i…
Gold Funds (February 08, 1993)
BGR Central Net Value $8.11 $5.05 Price $5.75 $4.40 Discount 29.09% 12.9% Value $45,420,000 $74,026,920.
Toronto Stock Exchange Indices (February 08, 1993)
Feb.2 Feb.1 Jan.29 Jan.28 Jan.27 High Low Composite”300″3321.83 3310.92 3305.47 3307.92 3311.64 4009.47 3009.91 Metals&Minerals 2774.96 2765.51 2773.54 2782.42 2806.21 3453.06 2502.63 Integrated Mines…
Spot prices at a glance (February 08, 1993)
Week’s Price (US) Change Gold* $329.60 – $1.00 Silver* $ 3.67 – $0.01 Platinum* $359.60 – $3.90 Nickel** $ 2.62 – $0.01 Lead** $ 0.19 $0.00 Copper $ 1.01 – $0.01 Zinc $ 0.50 + $0.02 Courtesy of Scotia…
METALS MARKETS — High metal inventories a concern
The recession and the subsequent rise in metal inventories continue to generate misery and further announcements of cutbacks in the mining industry. Metal consumption is down almost everywhere to some…
Thermal to test potential of Labrador Trough property
With its Williams Creek copper project entering the feasibility stage, Thermal Exploration (ASE) has turned to the Labrador Trough of northern Quebec for new reserves. This year, the California-based …
Eden Roc aims for higher output
Annual gold production of 100,000 oz. within three years is projected by Eden Roc Mineral (TSE). Chairman Harry Quint made the prediction at an analysts meeting in New York City. He said Eden Roc, wit…
Sutton drilling returns nickel
Drilling on the Kabanga nickel project in northwestern Tanzania returned a number of wide intersections for owner Sutton Resources (VSE). The drilling included a 16.09-metre intersection in one of the…
INSIDER TRADING — Attenborough bails out of Canhorn
Assistant Secretary Bruce Attenborough sold his holdings in Canhorn Mining (TSE) at the end of December, when the stock was trading at 5-year highs on speculation over a diamond concession in Africa. …
Cambior boosts gold output (February 08, 1993)
Gold production in 1992 increased by 13% to 354,240 oz., Cambior (TSE) reports. Higher output at the Mouska and Silidor mines in northwestern Quebec and at the Valdez Creek placer project in Alaska wa…