Metal Prices — FREE MARKET (August 23, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 17 Aug. 16 Aug. 13 Aug. 12 Aug. 11 Copper 1938-1939 1935-1937 1968-1969 1941-1943 1924-1925 Lead 387-388 384-385 385-386 387-388 39…
News
Small gain in metals sub-index
The metal and mineral sub-index of The Bank of Nova Scotia’s commodity price index edged up slightly in June, putting a halt to a 4-month decline. Economist Patricia Mohr reports that base metal price…
ODDS’N’SODS — Avalanche! (2)
(The following is the conclusion of a 2-part article in which the author describes a series of avalanches he experienced first-hand while working near Rogers Pass, B.C., in 1974.) The two events last …
PEOPLE — LEVELLAND ENERGY & RESOURCES
Larry Reaugh appointed director. KENDRA GOLD Scott Emerson and Stephen Chen appointed directors.
PEOPLE — SAN ANDREAS (August 23, 1993)
Peter Taggart appointed director.
Inter-Rock closes rights offering
A rights offering of common shares and warrants has been completed by Inter-Rock Gold (ME). The company received proceeds of about $725,000 after related expenses and fees. Under the offering, each sh…
Dome mine output on the increase
Gold production at the Dome mine in South Porcupine, Ont., has reached levels not seen since the 1940s. The rise is attributed to the addition of an “expert” to the staff of the Placer Dome (TSE) proj…
Southwestern to drill at Jessup
A 5,000-ft. program is about to begin at the Jessup property of Southwestern Gold (VSE). The property, 75 miles northeast of Reno, Nev., contains seven separate gold zones and numerous gold occurrence…
Amalgamation proposed for Dickenson, Goldcorp
An amalgamation of gold producer Dickenson Mines (TSE) and its parent Goldcorp (TSE) has been proposed by the owner of Goldcorp, CSA Management. Goldcorp has a 69.3% equity interest in Dickenson, whic…
Placer Dome plans creation of separate Canadian unit
Toronto-listed Placer Dome is forming a separate unit to provide better management of its Canadian operations, which turned out 862,000 oz. gold in 1992. Douglas Fraser, former manager of the Porgera …
Cumberland and Comaplex drill at Meliadine River
Drills are turning on the Meliadine River project on the west coast of Hudson Bay, about 12 miles northeast of Rankin Inlet, N.W.T. Between 12 and 15 widely spaced reconnaissance holes are being drill…
Mexican output keeps pace
The value of Mexico’s mining output (at current prices) was slightly higher in 1992 than in 1991. Mexico continues to produce more silver than any other country and last year ranked among the top 10 p…