Financing (November 22, 1993)
Adobe Resources — 1.5 million shs @ 10 cents. Detector Resources — 1.7 million shs @ 10 cents. Grantham Resources — 1.7 million shs @ 10 cents. Lake Placid Resources — 2 million shs @ 10 cents. Pr…
News
Spot prices at a glance (November 22, 1993)
Week’s Price (US) Change Gold* $373.70 – $1.80 Silver* $ 4.55 + $0.02 Platinum* $375.75 – $1.00 Nickel** $ 2.08 – $0.04 Lead** $ 0.18 $0.00 Copper $ 0.73 – $0.02 Zinc $ 0.42 $0.00 Courtesy of Scotiaba…
PEOPLE — DENTONIA RESOURCES (November 22, 1993)
James McInnes appointed director. N5…
LAST BUT NOT LEAST…Tri Origin completes holes at Lewis
Three holes totaling 1,765 metres have been completed on the Lewis Ponds polymetallic property in New South Wales, Australia. And additional drilling is planned. The holes were drilled to determine th…
Greenstone set to merge with Fischer-Watt Gold
Assets of Nevada-based Fischer-Watt Gold (NASDAQ) are being acquired by a wholly owned U.S. subsidiary of Greenstone Resources (TSE). Proposed is that four issued and outstanding shares of Fischer-Wat…
NEWS ROUNDUP — Newmont mine in production
Initial production figures for the Minera Yanacocha mine in northwestern Peru have been announced. The mine is 38%-owned and managed by Newmont Mining (NYSE) and will produce about 220,000 oz. gold pe…
PEOPLE — WHEATON RIVER (November 22, 1993)
Ian McDonald appointed chairman, chief executive officer and director; V. Jufronich appointed president, chief operating officer and director; Peter Tredger appointed vice-president, finance and direc…
Nebex drilling Northbelt gold bet
One drill has started turning on the Northbelt gold property, immediately north of the Giant mine of Royal Oak Mines (TSE) in Yellowknife, N.W.T. Calgary-based Nebex Resources (ASE) is financing 15,00…
LAST BUT NOT LEAST…Glen Auden completes IP in Quebec
Glen Auden Resource (CDN) has completed an induced polarization (IP) survey on its claim group in Casa Berardi Twp., Que. The survey outlined an IP anomaly with a strike length of 400 metres and furth…
Production shutdowns cost Inco
At a meeting with financial analysts in Toronto, nickel miner Inco (TSE) revealed that recently announced production shutdowns are expected to cost the company US$80 million. The shutdowns at the comp…
Evidence presented in Denison hearing
The presentation of evidence in the arbitration hearing between Denison Mines (TSE) and Ontario Hydro ended in early November. Each side will summarize the evidence and complete presentation of argume…
Eldorado acquires Argentinian ground
Through staking, options to purchase and joint ventures, Eldorado (TSE) now has mineral rights to 1,000 square miles in northwestern Argentina, along the Chilean border. The claims extend for 75 miles…