PEOPLE — BRITISH LION MINES (December 27, 1993)
Daniel McKinnon appointed director.
1993
Drilling of Boleo continues in Mexico
An initial phase of drilling has wound down on the Boleo copper-cobalt property in northwestern Mexico. Coeur d’Alene Mines (NYSE) is earning a half interest from International Curator (VSE) by spendi…
High River hits wide Snow Lake intercept
High River Gold Mines (TSE) has encountered significant gold mineralization on its Dunlop Snow Lake property in Manitoba. Hole HR-93-03, drilled to test the updip portion of the Birch zone at the 200-…
Superfund dollars going astray
More Superfund money is being directed at overhead costs than at actual cleanup, according to the minority counsel with the U.S. House of Representatives. Keith Cole’s observation came as little surpr…
METALS MARKETS — FREE MARKET (December 27, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 21 Dec. 20 Dec. 17 Dec. 16 Dec. 15 Copper 1713-1714 1744-1745 1723-1724 1715-1716 1713-1714 Lead 463-464 471-472 467-468 476-477 44…
Inco offering increases in size
An underwriting group will offer six million shares of Inco (TSE) to the public. Initially, the underwriting involved five million shares, but, because of investor demand, Inco decided to boost the of…
`Mining Man of Year’ awarded jointly to Barrick’s Munk and
In 1983, a small oil exploration company bought a piece of an Alaskan placer mine and a half interest in the Renabie gold mine in northern Ontario. Gold production totaled a mere 3,000 oz. that year; …
Cirque and Sa Dena Hes bought by Teck, Cominco
Associated companies Teck (TSE) and Cominco (TSE) each plan to acquire 25% of the Cirque and Sa Dena Hes zinc-lead properties in Western Canada. The balance will be owned by two offshore partners, Kor…
Correction (December 27, 1993)
Information on ownership of claims of Strike Minerals (CDN) and CopperQuest (CDN) was incorrectly reported in T.N.M., Dec. 20/93. The two companies staked the 5-claim blocks (35 units) in Ontario’s Fa…
Spot prices at a glance (December 20, 1993)
Week’s Price (US) Change Gold* $385.90 + $8.75 Silver* $ 5.10 + $0.14 Platinum* $385.25 + $8.50 Nickel** $ 2.35 + $0.09 Lead** $ 0.21 + $0.01 Copper $ 0.78 + $0.02 Zinc $ 0.44 – $0.01 Courtesy of Scot…
Financing (December 20, 1993)
Cambior — 5.5 million units @ $20.65. MSV Resources — 4.1 million Cl A shs issuable upon the exercise of special wts @ $2.20 per special wt. Summit Resources — 2,000,000 shs to be issued upon exerc…
Gold Funds (December 20, 1993)
Gold Funds as of Dec. 14 BGR Central Net Value $15.63 $6.40 Price $14.50 $6.750 Premium 5.5% Discount 7.24% Value $87,561,000 $122,170,275…