Comex trading 5-day options
The Commodity Exchange of New York (Comex) began trading 5-day copper options earlier this month. The short-dated option contract, a means for investors to manage short-term price risk, complements Co…
News
Flat outlook for gold output
Gold miners around the world project flat production through to 1996, The Gold Institute of Washington, D.C., reports in an annual survey. The survey, in which more than 200 producers were assessed, s…
THE DIAMOND PAGE — Northern drill programs continue at Lac
Results are awaited from several summer drilling programs in the Lac de Gras region of the Northwest Territories. But considering the turnaround time for processing core samples, it is likely the bulk…
STOCK MARKETS — Summer slowdown given boost from private
Trading activity on the Vancouver Stock Exchange has entered the summer slowdown, though a surge in private placement financings is providing a boost. More than $551 million has been raised through th…
Toronto Stock Exchange Indices (August 23, 1993)
— Week — Aug 17 Aug 16 Aug 13 Aug 12 Aug 11 High Low Composite”300″ 4032.51 4020.20 4014.62 4008.97 4015.89 4033.22 3999.05 Metals&Minerals 3119.31 3140.94 3123.16 3126.24 3123.66 3158.23 3101.31 In…
LATIN AMERICA ROUNDUP — Bajo recoveries tested by lab
A study of samples from the Bajo de la Alumbrera project in Argentina indicates copper and gold recoveries of 91% and 70%, respectively, at average feed grade. Lakefield Research, near Peterborough, O…
LATIN AMERICA ROUNDUP — Moris gold project at feasibility
By late October, Manhattan Minerals (VSE) expects to have the results of a final feasibility study for its Moris heap-leach gold project in Chihuahua state, Mexico. Based on a pre-feasibility report e…
Lac continues bid for Lisheen
Toronto-based Lac Minerals (TSE) may continue its legal action to block the sale of a majority interest in the Lisheen lead-zinc deposit in Ireland, that country’s High Court has ruled. Lac offered US…
Rio Algom cuts sulphides in fertile Bathurst camp
A new zone of massive sulphide mineralization has been intersected by Rio Algom (TSE) on Key Anacon Mines’ (TSE) property in the Bathurst camp of New Brunswick. Significant results include: 18.62 metr…
COMMENTARY — Early mining in New Brunswick
Mining in New Brunswick started in 1839. In that year, French sailors removed several chaldrons of coal from the Grand Lake area and sent them to Boston. The shipment represented New Brunswick’s first…
GOLD FUNDS (August 16, 1993)
BGR Central Net Value $13.81 $6.41 Price $12.00 $6.625 Discount 13.12% 3.4% Value $77,366,000 $119,907,863…
U.S. REPORT — Southern Copper shuts Oracle
Continuing losses have prompted Southern Copper (VSE) to close its 70%-owned Oracle Ridge copper mine in Arizona until mid-October. The company plans to review all aspects of the mill to consider poss…