TORONTO STOCK EXCHANGE INDICES (September 13, 1993)
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News
Heavy Comex trading volume
Trading volume on the Commodity Exchange (Comex) of New York during the first eight months of 1993 surpassed the total trading volume for 1992. The exchange says trading volume by the end of August ex…
Holloway project inching toward production
Ontario may soon have its first gold mine since 1989. A $12-million underground exploration program at the Holloway project, 60 km east of here, is nearing completion. And partners Hemlo Gold Mines (T…
Cambior ups reserves at Omai
The reserve picture at the Omai gold mine in Guyana has suddenly expanded by 20%, a pleased Cambior (TSE) reports. The proven and probable estimate has increased to 55 million tons grading 0.047 oz. g…
Kidd may add to reserves
Deep underground exploration at the Kidd Creek mine in Timmins, Ont., has turned up potential new reserves. While precise figures are not available, speculation has it that as much as another 10 milli…
MSV acquires new properties
Montreal-listed MSV Resources has added to its holdings near Chibougamau, Que., by acquiring the mining concessions and surface equipment of three properties of Meston Resources. The properties — Ced…
TSE INDICES (September 06, 1993)
— Week — Aug 31 Aug 30 Aug 27 Aug 26 Aug 25 High Low Composite”300″ 4137.55 4138.76 4133.40 4115.60 4122.92 4144.37 4099.73 Metals&Minerals 3109.19 3120.93 3095.43 3111.50 3139.23 3160.91 3080.06 In…
Spot prices at a glance (September 06, 1993)
Week’s Price (US) Change Gold* $371.80 + $0.05 Silver* $ 4.83 + $0.08 Platinum* $381.50 $5.40 Nickel** $ 2.05 $0.04 Lead** $ 0.17 $0.00 Copper $ 0.89 $0.01 Zinc $ 0.39 $0.01 Courtesy of Scotiabank. In…
Metall announces major growth plan
By acquiring mining and smelting assets, Metall Mining (TSE) plans to establish itself further as a major, integrated copper producer. President Klaus Zeitler says the company is considering acquiring…
Minera plans more drilling at Chilean copper project
Results of a 56-hole program at the Sierra Valenzuela project in northern Chile indicate the presence of extensive copper mineralization with potentially economic grades and dimensions. The core, rota…
METAL PRICES — FREE MARKET (September 06, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 31 Aug. 30 Aug. 27 Aug. 26 Aug. 25 Copper 1970-1973 N/A 1969-1970 1947-1948 1969-1971 Lead 381-383 N/A 388-389 383-384 381-382 Zinc…
LETTERS TO THE EDITOR — Leave diamond hunters, developers in
Having read the editorial “Silence is not golden” (T.N.M., Aug. 16/93) which referred to ongoing diamond exploration, I, as a highly successful mine-making prospector, offer the following advice. Init…