COMMENTARY — Watch those geo-political risks
Gold’s role as a reliable store of value can be important at times of political or economic uncertainty. This applies not only to Western investors but, more importantly, to the populations of countri…
1993
STOCK MARKETS — Gold and diamonds add lustre to markets
Though not a good week for the base metal miners, our report week was far kinder to the gold and diamond stocks. For example, gold bullion posted a very solid move after drifting sideways for quite so…
IN BRIEF — Fibre-Klad acquires gold property
Calgary-based Fibre-Klad Industries (ASE) has acquired 15 claims near Damoti Lake, about 220 km northwest of Yellowknife, N.W.T. The 11,126-hectare property was acquired through the issuance of 82,477…
ODDS’N’SODS — Roscoe knew Canadian Shield well
The late Stuart Murray Roscoe, an inveterate explorer of the Canadian Shield and a highly respected scientist for the Geological Survey of Canada (GSC) became part of Canada’s mining heritage at an ea…
Int’l Larder continues evaluating Cross mine
MCK Prospectors, the 49%-owned affiliate of International Larder Minerals (TSE), is re-evaluating previously drilled holes at the Cross mine project, near Boulder, Colo. The program involves relogging…
Spot prices at a glance (October 18, 1993)
Week’s Price (US) Change Gold* $366.60 + $13.10 Silver* $ 4.45 + $0.30 Platinum* $370.10 + $10.85 Nickel** $ 2.04 + $0.13 Lead** $ 0.18 + $0.02 Copper $ 0.76 $0.00 Zinc $ 0.42 + $0.01 Courtesy of Scot…
PRODUCER PRICES (October 18, 1993)
ALUMINUM: MW U.S. market US51.50-52.50 cents per lb. (Sept. 30, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1…
Haste, Murphy’s Law contributed to Summitville’s demise
Several post-mortems on the Summitville gold mine have concluded that its ultimate demise ensued from a cascading chain of smaller failures which began well before Galactic Resources (TSE) commissione…
Ottarasko nets gold and silver
A bulk sample has netted Ottarasko Mines 365 oz. gold and 156 oz. silver. The company mined 190 tons from its Mt. Skinner gold project, 120 miles west of Williams Lake, B.C. The low-sulphide quartz or…
NEWS ROUNDUP — Phelps drops Curator’s DSA
After completing three holes of a planned 8-hole program on the DSA property in Idaho, Phelps Dodge has dropped its option. The company had the right to earn a 51% interest from International Curator …
Coniagas group of companies merged
Four companies have amalgamated into a new corporation called QSR. The companies involved are Quebec Sturgeon River Mines (TSE), The Coniagas Mines (TSE), Anglo Dominion Gold Exploration (TSE) and Gar…
TSE INDICES (October 18, 1993)
— Week — Oct 12 Oct 11 Oct 8 Oct 7 Oct 6 High Low Composite”300″ 4107.31 N/A 4067.27 4060.79 4055.48 4107.35 4030.59 Metals&Minerals 2950.37 N/A 2914.56 2927.74 2897.14 2951.88 2879.25 Integrated Mi…