Louvicourt project on time, budget
Production of the Louvicourt project is scheduled to begin in October, 1994, a short five years after discovery of the base metal deposit, northeast of here. “Quebec is still the best place to explore…
News
Deak begins mining operations at Astoria
Production has started at the Astoria gold mine near Rouyn-Noranda, Que., reports operator Deak Resources (TSE). Mining of 12,000 tons per month will be carried out by Val d’Or, Que.-based contractor …
Chase continues Taysan drilling
Drilling on the Taysan project in the Philippines is confirming expectations of Chase Resource (VSE). Chase is working to identify a higher-grade core of copper-gold mineralization within an estimated…
Rayrock financing
Rayrock Yellowknife Resources (TSE) has entered an agreement with First Marathon Securities for a private placement of 500,000 subordinate voting shares at $12.125 per share for gross proceeds of almo…
Spot prices at a glance (May 03, 1993)
Week’s Price (US) Change Gold* $349.70 + $10.55 Silver* $ 4.05 + $0.14 Platinum* $374.75 + $5.00 Nickel** $ 2.68 $0.02 Lead** $ 0.19 $0.00 Copper $ 0.85 + $0.01 Zinc $ 0.46 $0.00 Courtesy of Scotiaban…
LATIN AMERICA ROUNDUP — Minera raises $25 million
Toronto-based Minera Rayrock (TSE) will raise $25 million to explore and develop its Chilean properties by selling 12.5 million special warrants at $2 per warrant. The company is also planning to reor…
Gold Funds (May 03, 1993)
Gold Funds as of Apr. 27 BGR Central Net Value $9.96 $5.20 Price $9.00 $4.95 Discount 9.65% 4.8% Value $55,798,000 $83,280,285…
Producer Prices (May 03, 1993)
ALUMINUM: MW U.S. market US51.25-52.25 cents per lb. (Apr. 22, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 11, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
New financings for MinVen, Euro
A strong performance recently by the yellow metal has prompted at least two gold-producers to announce new financing. Cash-strapped MinVen Gold (TSE), which has been burdened by heavy debt and low gol…
Conwest shares
Conwest Exploration (TSE) has entered into a “bought deal” agreement worth almost $55 million. Underwriters, led by First Marathon Securities, will buy three million B subordinate-voting shares of the…
HOPE BROOK REVIVAL
Royal Oak Mines acquired the Hope Brook mine in southwestern Newfoundland last year and by July 1, 1992, had begun commerical production. Total output for the year was 50,693 oz. The mine is running n…
PAMOUR: Beats the odds
Take a single paper match and cut a piece from the end just a little shorter in length than the match is wide. This fragment then represents the amount of gold the Pamour mine has in one ton of ore. A…