Tulsequah drilling returns values
Underground drilling at the Tulsequah Chief property in northwestern British Columbia has returned several encouraging intersections. Owner Redfern Resources (TSE) is working to expand and upgrade res…
News
Fairfield underground at Siwash North
It isn’t often that a company can turn a profit from bulk sampling. But that’s exactly what happened last year when Fairfield Minerals (TSE) extracted 2,030 tons from its Siwash North gold deposit, ne…
COMMENTARY — Green revolution spawns expensive red tape
For many developing countries in the process of modifying their mining codes, Canada is a model. For many investors, the country is perceived as setting some expensive trends. In addition to ever-risi…
PEOPLE — AVOCET VENTURES
Derek Taylor appointed director.
Bre-X continues Indonesian focus
Having focused on Indonesia for the past six months, Bre-X Minerals (ASE) has drill programs lined up for the fall on two advanced projects in the Asian archipelago. In mid-August, the junior signed a…
THE DIAMOND PAGE — LETTERS TO THE EDITOR — The ABCs of
I agree in part with the editorial in the Aug. 16 issue (“Silence is not golden”), which deplored the lack of information available for evaluating the various diamond stock plays. What surprises me is…
Gibraltar funding
Following up previously announced expansion plans, Gibraltar Mines (TSE) has entered an underwriting agreement to raise $40 million. In a “bought deal,” brokers Midland Walwyn Capital, Wood Gundy and …
THE DIAMOND PAGE — Lac de Gras dominates exploration
Yellowknife, N.W.T., is abuzz with talk that at least two major mining companies, BHP Minerals Canada and Kennecott, are at the decision-making stage of what their respective next steps will be. Both …
STOCK MARKETS — TSE composite index edges over former high
The story of the week has been the Toronto Stock Exchange Composite Index and its bid to hit a new all-time high. On Aug. 23, it went through the 4,100 level and looked hellbent for leather to beat th…
Gold Funds (August 30, 1993)
BGR Central Net Value $13.97 $6.18 Price $12.50 $6.500 Discount 10.54% 5.2% Value $78,268,000 $117,645,450…
Spot prices at a glance (August 30, 1993)
Week’s Price (US) Change Gold* $371.75 – $1.10 Silver* $ 4.75 + $0.06 Platinum* $386.90 – $1.10 Nickel** $ 2.09 + $0.01 Lead** $ 0.17 $0.00 Copper $ 0.90 + $0.03 Zinc $ 0.40 + $0.01 Courtesy of Scotia…
METAL PRICES — FREE MARKET (August 30, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 24 Aug. 23 Aug. 20 Aug. 19 Aug. 18 Copper 1988-1989 1946-1947 1968-1969 1930-1932 1928-1930 Lead 387-388 384-386 390-391 387-388 38…