Toronto exchange surpasses records
The value of shares traded so far this year on the Toronto Stock Exchange topped $100.4 billion, breaking the previous yearly record of $100.3 billion set in 1987. This year, the Toronto Stock Exchang…
News
Cyprus options Massicotte gold play
Colorado-based Cyprus Canada can acquire an initial 60% interest in the Massicotte gold property of Ressources Minieres Coleraine (ME). The property is 125 km north of La Sarre, Que. Cyprus must pay $…
STOCK MARKETS — Gold emerges unfazed by tense Russian
A continuing standoff at the Russian Parliament buildings had little, if any, effect on the price of gold over the trading period ended Sept. 28. The yellow metal finished little-changed at the US$355…
FREE MARKET (October 04, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Sept. 28 Sept. 27 Sept. 24 Sept. 23 Sept. 22 Copper 1722-1723 1756-1757 1759-1760 1743-1744 1755-1757 Lead 364-365 364-365 366-367 358-3…
Paramount, Royalstar complete Czech deal
Paramount Ventures (VSE) and Royalstar Resources (VSE) are jointly acquiring 80% of the shares of a Czech company which owns exploration concessions covering the Kasperske Hory gold project in the Cze…
Princeton’s debenture holders asked to convert to equity
An extended slump in the price of copper has prompted Princeton Mining (TSE) to seek changes to the terms of its convertible debentures. Holders will be asked to convert the $12 million in debentures …
EDITORIAL PAGE — Worth the wait
The BHP-Dia Met results reported last week should finally convince most of the remaining naysayers that the Lac de Gras diamond prospect is more than a moose-pasture scam to lure unwitting investors. …
Mining Week activities planned
Mining Week in Newfoundland will be celebrated Nov.4-11. Two major activities are planned for the week. On Nov. 4, the Newfoundland Dept. of Mines and Energy will host its review of activities for 199…
Eskay Creek feasibility completed
A feasibility study has confirmed that the Eskay Creek project in British Columbia is economically viable and on target to begin producing gold and other metals by late 1995 or early 1996. Details of …
PRODUCER PRICES (October 04, 1993)
ALUMINUM: MW U.S. market US52.50-53.00 cents per lb. (Sept. 16, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.60 per lb. (Sept. 9, 19…
Royal Oak gets safety record
The Timmins division of Royal Oak Mines (TSE) achieved more than one million manhours of consecutive service without experiencing a lost-time accident. The record was confirmed by staff of the Mines A…
Gregor drilling tests Marathon gold project
A 12,000-ft. program has begun on Gregor Goldfields’ (CDN) Marathon gold project, near Hemlo, Ont. The drilling is intended to test the strike length, width, depth and continuity of five known gold-be…