Falco to drill Hellens property
Drilling is set to begin this month on the Hellens Eplett polymetallic property, north of Cobalt, Ont. The property is owned by Starmin Mining (TSE) and International Platinum (TSE). Operating the pro…
News
Toronto Stock Exchange Indices (November 15, 1993)
— Week — Nov 9 Nov 8 Nov 5 Nov 4 Nov 3 High Low Composite”300″ 4251.39 4216.45 4202.03 4213.73 4244.74 4264.36 4160.15 Metals&Minerals 3051.28 3058.66 3028.93 3006.77 3055.27 3080.92 2989.81 Integra…
Hemlo drilling Radisson ground
After an encouraging first phase of drilling, Radisson Mining Resources (ME) is planning a 5,000-ft. program for the Lepine and Duquesne properties near Rouyn-Noranda, Que. Operator and joint-venture …
Aussies eye City Res., plan Cinola review
An Australian group interested in acquiring City Resources Canada (TSE) plans to review the feasibility study for the Cinola gold project on British Columbia’s Queen Charlotte Islands. The group of mi…
Copper price plagues Gibraltar
The continual erosion in the price of copper is taking its toll on Gibraltar Mines (TSE). The company reported a loss of $6.2 million in the first nine months of the year and a loss of $3.2 million in…
STOCK MARKETS — Gold’s rebound helps Western markets gain
Western markets continued to gain ground, following gold’s US$12.50 rebound to the US$375-per-oz. level, while diamond issues either tracked down or tracked sideways. Over the period ended Nov. 9, the…
Southern re-starts Oracle Ridge
Following a 10-week shutdown, the Oracle Ridge copper mine in southwestern Arizona is back in production. Southern Copper (VSE), which owns 70% of the mine, has expanded mill capacity to 1,000 from 75…
Hemlo hits gold in Sugar zone
Hemlo Gold Mines (TSE) has drilled 0.5 oz. gold per ton over 12.5 ft. on the White River project near Ontario’s Hemlo camp. The company is earning a half interest in the project. Partners Akiko Gold R…
Investing in minor metals? Buyer beware
We continue to hear from investors who own small amounts of highly pure indium and germanium, purchased over the past few years at prices up to US$70-80 per oz. Reuters recently reported that indium i…
Metal Prices — FREE MARKET (November 15, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 9 Nov. 8 Nov. 5 Nov. 4 Nov. 3 Copper 1637-1638 1641-1642 1653-1654 1627-1628 1620-1621 Lead 398-399 395-396 399-400 393-394 392-393…
Noranda posts quarterly loss of $10m
The mining and metals division of Noranda (TSE) lost $10 million in the third quarter, compared with earnings of $48 million in 1992. Nevertheless, exploration resulted in some encouragement, includin…
Westward selling Preview project
Faced with a financing deadline, Westward Explorations (VSE) will sell its 20% interest in the Preview Lake gold project in Saskatchewan. Cameco and Uranerz Exploration and Mining, which hold 50% and …