PRODUCER PRICES (November 01, 1993)
ALUMINUM: MW U.S. market US51.50-52.50 cents per lb. (Oct. 21, 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, 19…
News
MSV output on the rise
Quebec gold-copper producer MSV Resources (ME) reports major increases in output during the third quarter. Gold production from its Chibougamau projects jumped by 33% to 13,271 oz., and copper product…
Cantung continues Chilean focus
Drilling is planned by Canada Tungsten (TSE) to provide samples for metallurgical testing at the Andacollo heap-leach copper project, 50 km from La Serena, Chile. The company recently acquired an opti…
Czech purchase approved for Royalstar Resources
Partners Royalstar Resources (VSE) and Paramount Ventures & Finance (VSE) have received approval from a Czech court for their acquisition of an 80% interest in a Czech company which owns the Kasperske…
PEOPLE — LAC DES ILES MINES
Ernie Marcotte appointed vice-president and general manager. NORTH AMERICAN PALLADIUM Ernie Marcotte appointed vice-president, mining operations.
NEWS ROUNDUP — Trillion, Falco in Ivory Coast nickel deal
Four companies have signed a deal covering nickel deposits in the Biankouma area of western Ivory Coast. The companies are Trillion Resources (TSE), Falconbridge and Sodemi, the Ivory Coast state mini…
Cusac secures funds for Table Mountain
Financing to place the Table Mountain project back into production is largely at hand for owner Cusac Industries (TSE). The company has secured a 14-month, US$2-million loan from a Swiss investor. The…
THE DIAMOND PAGE — Tanqueray and partners release Yamba Lake
Joint-venture partners Tanqueray Resources (VSE), Mill City Gold Mining (ASE) and Fibre-Klad Industries (VSE) have released results from the first hole of this year’s drilling on the Yamba Lake proper…
Orvana intersects high grade at Butte Highlands
The first hole of a planned US$300,000 program at the Butte Highlands gold project in central Montana has intersected 225 ft. grading 0.69 oz. gold per ton from 755 ft. to 980 ft. Orvana Minerals (TSE…
STOCK MARKETS — Government dumping gold as price creeps
Canadian government gold sales are heading for a record high this year. To the end of September, the Bank of Canada saw fit to dump nearly 2.9 million oz., which is close to the total of three million…
OPINION — The changing world of finance
Four basic positive factors are driving change in the world of finance and will continue to shape events for years to come: technology, globalization, deregulation and demographics. The most important…
Cambior benefits from Omai output
The Omai mine in Guyana helped to push gold production for Cambior (TSE) during the first nine months of 1993 to 381,122 oz., a 42% increase compared with the same period last year. The open-pit mine,…