Spot prices at a glance (June 14, 1993)
Week’s Price (US) Change Gold* $370.65 + $2.40 Silver* $ 4.37 $0.00 Platinum* $383.40 $5.85 Nickel** $ 2.52 $0.03 Lead** $ 0.18 $0.00 Copper $ 0.83 + $0.01 Zinc $ 0.42 $0.00 Courtesy of Scotiabank. In…
News
Pezim buys Prime
A recent agreement provides for Murray Pezim to buy 1.9 million shares of Prime Equities International (VSE) from Prime Resources Group (VSE) and Homestake Canada. Pezim will pay $3.64 million. The ac…
TSE SHORT POSITIONS (June 14, 1993)
Semi-monthly reports as of May 31, showed 74,893,719 shares of 702 issues compared with 72,998,779 shares of 684 issues on May 15. Larger individual positions included: Aber 103,800; Agnico-Eagle 38,6…
Suit drains Metalore coffers but court rules in its favor
The Ontario Court of Appeal has ruled that Metalore Resources (TSE) has regained the right to earn a 100% interest in the Brookbank gold property from Ontex Resources (ASE). The 18-claim property is n…
Suppliers get serious about export market
Canadian producers of mining equipment and services are getting serious about marketing their know-how beyond their borders. And they are beginning to see the advantages of a co-operative, joint marke…
LETTERS TO THE EDITOR — B.C. ministry weak, unsupportive
Having read the British Columbia government’s A Mineral Strategy for B.C. — Discussion Paper, March, 1993, I can only conclude that the first half of the paper is a realistic appraisal of the problem…
NEWS IN BRIEF (June 14, 1993)
Ilm Resources Ltd. (ILM:VSE) has changed its transfer agent to Pacific Corporate Trust.
Black Hawk buying Keystone
Toronto-listed Black Hawk Mining plans to acquire an interest in the Keystone project near Lynn Lake, Man., from DCC Equities. The purchase price consists of five separate considerations including: 10…
LAST BUT NOT LEAST — Canmine begins program on Fer bet
A summer exploration program has begun on the Fer polymetallic property near Flin Flon, Man., belonging to Canmine Resources (CDN). The $200,000 program will include line-cutting, surface transient el…
LAST BUT NOT LEAST — Goldcorp to buy back shares (June 14, 1993)
An issuer bid has been made through the Toronto Stock Exchange by Goldcorp (TSE) to buy back up to 1.4 million class A participating partially voting shares of the company. The shares will be acquired…
Mine developers to cover opponents’ costs — New British
In a sweeping series of proposed changes, the British Columbia government is considering collecting fees from mining companies for project reviews. Not only that, companies may be required to pay all …
Premier urges mining companies to market abroad
Ontario Premier Bob Rae urged Canadian mining companies to increase their foreign exposure, at a recent “Meet the Miners” reception at the Royal Ontario Museum in Toronto. Rae said that while his gove…