LAST BUT NOT LEAST — Barrick leaps’ on to TSE
Responding to investor demand, The Toronto Stock Exchange has added Long-Term Equity Anticipation Securities (LEAPS) for American Barrick Resources. Placer Dome LEAPS also trade on the Exchange. LEAPS…
News
Adds fuel to assaying controversy — Gold values elusive at
A resource equivalent to 11 million oz. gold is bound to attract attention. And when word began circulating here that Mindoro Mining had a deposit estimated to be of this magnitude on its property in …
NEWS ROUNDUP — Cathedral lowers operating costs
Operating costs of US$216 per oz. were reported by Cathedral Gold (TSE) for the first quarter, compared with US$268 per oz. for the same period last year. The decrease was due to slightly-higher-than-…
Dickenson’s first quarter encouraging
Higher gold production and lower costs at its Arthur White mine, near Red Lake, Ont., have enabled Dickenson Mines (TSE) to post higher revenues and earnings during the first quarter. Earnings for the…
Miramar readies for production
A feasibility has prompted Miramar Mining (VSE) to proceed with plans to mine the Bonanza zone at its Golden Eagle mine near Virginia City, Nev. Miramar owns a 60% interest in the property while its 1…
PRODUCER PRICES (June 14, 1993)
ALUMINUM: MW U.S. market US52.00-53.00 cents per lb. (May 27, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 26, 1993). BISMUTH: MW New York dealer US$2.50-2.70 per lb. (Mar. 26, 1993…
TORONTO STOCK EXCHANGE INDICES (June 14, 1993)
— Week — Jun 8 Jun 7 Jun 4 Jun 3 Jun 2 High Low Composite”300″ 3862.72 3892.18 3894.63 3875.01 3859.82 3894.74 3848.86 Metals&Minerals 2926.39 2927.52 2919.30 2899.01 2902.72 2934.94 2896.47 Integra…
GOLD FUNDS (June 14, 1993)
Gold Funds as of Jun 8 BGR Central Net Value $12.40 $5.83 Price $11.25 $6.375 Discount 9.27% 9.3% Value $69,461,000 $115,383,038…
Canarc lands Suriname ground
A recently signed agreement gives Canarc Resource (VSE) an option to earn an 80% interest in the Sara Creek concession in east-central Suriname. To earn the interest, Canarc must spend US$2.3 million …
Deep hole boosts Lewis Ponds potential
Recent drilling at the Lewis Ponds polymetallic project in southeastern Australia has extended the mineralized zone downdip and tripled the reserve potential, reports 100%-owner Tri Origin Exploration…
OBITUARY — G.R. Cunningham-Dunlop
Well-known mining engineer Gordon Richard (Dick) Cunningham-Dunlop died recently in Oakville, Ont. He had just turned 61. Mr. Cunningham-Dunlop was born in Haileybury, Ont., a son of the late John (Ja…
NEWS ROUNDUP — Registry drilling returns good values
Drilling on the Wellmet Lake property, near Lynn Lake, Man., has intersected encouraging base metal values, Registry Resources (ME) reports. A deep hole on the main copper-zinc deposit contained sever…