GOLD FUNDS (October 04, 1993)
BGR Central Net Value $13.13 $5.69 Price $11.88 $6.250 Discount 9.55% 9.8% Value $73,540,000 $113,120,625…
News
Spot prices at a glance (October 04, 1993)
Week’s Price (US) Change Gold* $354.55 $0.45 Silver* $ 4.06 $0.01 Platinum* $361.00 $1.75 Nickel** $ 1.86 $0.04 Lead** $ 0.17 $0.00 Copper $ 0.77 $0.03 Zinc $ 0.39 $0.01 Courtesy of Scotiabank. Inform…
Asia Minerals signs up Chinese deposit
Asia Mine (ASE) has added to its existing intrests in China by signing an option to evaluate and develop the Ashele volcanogenic massive sulphide copper-zinc deposit in northwest China. Asia Minerals …
COMMENTARY — SX-EW development continues
The extraordinary activity of the past decade in solvent extraction-electrowinning (SX-EW) development continues. In early 1993, at least 10 projects were under development, and another 12 had advance…
Environmentalists take Crown Butte to court
Further complicating what has proved to be a lengthy permitting process at the New World project, nine conservation groups have filed alawsuit against Crown Butte Resources (TSE), alleging water quali…
Corrections (October 04, 1993)
The Great Diamond Debate, reported on in a story last week, failed to mention that the conference was the Las Vegas “Investment in Mining Conference” held in Las Vegas, Sept. 15-18.
Silver Ridge plans 5,000-ton sample
International Silver Ridge Resources (VSE) is proposing to bulk-sample 5,000 tons from the Iron Colt project in the historic Rossland camp of southern B.C. The company has acquired a half interest in …
Metals sub-index moves up in July
The metal and mineral sub-index of The Bank of Nova Scotia’s commodity price index edged up in July alongside somewhat stronger prices for copper, aluminum, gold and silver. However, economist Patrici…
NEWS IN BRIEF (October 04, 1993)
Weaco Resources (WEO:VSE) has changed its name to Hayden Resources (HRL:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Pacific Corporate Trust.
PRODUCER PRICES (September 27, 1993)
ALUMINUM: MW U.S. market US53.50-54.25 cents per lb. (Sept. 9, 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, 199…
Lac among several bidding on Chile project
In the first of what may be several bidding wars on separate Chilean mining projects, Codelco is reviewing nine submissions on the giant El Abra project. The first to be made public was the bid by Lac…
GSC releases kimberlite data for prairie region
The Geological Survey of Canada (GSC) has released kimberlite indicator mineral data for the Canadian prairie region. According to R.G. Garrett, co-ordinator of the survey, the results confirm that lo…