EDITORIAL PAGE — Base metals await recovery
It’s nail-biting time for the base metal miners of this country. The big three metals — copper, nickel and zinc — are in deep troughs. Copper, for example, is bumping what miners pray is bottom at U…
News
NEWS ROUNDUP — Labs test sample from Tiomin property
A sample of heavy mineral concentrate from the Natashquan, Que., property is being tested at five laboratories in the U.S., Australia and Canada, reports Tiomin Resources (ME). The tests, to be comple…
PEOPLE — UNIVERSAL TRIDENT
John Pallot appointed director.
NEWS ROUNDUP — Lac income falls with gold price
Lower gold prices reduced first-quarter earnings to $600,000 from $3.7 million last year, reports Lac Minerals (TSE). Although the gold-producer slashed cash production costs to US$200 per oz. from US…
Carson mobilizes exploration team
Armed with net proceeds of $5.9 million from a recent private placement, Carson Gold (VSE) is mobilizing a geologic exploration crew to begin work on a gold concession in the Kilometer 88 district of …
LATIN AMERICA ROUNDUP — Leach test for La Colorada
Eldorado (VSE) has recovered 1,300 oz. gold from a recent bulk leach test on the La Colorada property near Hermosillo in northwestern Mexico. Information gathered from the 33,000-ton test will be used…
METAL PRICES — FREE MARKET (May 10, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 4 May 3 Apr. 30 Apr. 29 Apr. 28 Copper 1164-1165 N/A 1189-1190 1176-1177 1188-11…
NEWS ROUNDUP — Prairie Creek drilling
Step-out drilling at the Prairie Creek project in the Northwest Territories continues to return massive sulphide zinc-lead-silver mineralization. San Andreas Resources (VSE), currently earning a 60% i…
PRODUCER PRICES (May 10, 1993)
ALUMINUM: MW U.S. market US51.50-52.50 cents per lb. (Apr. 29, 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…
Plexus wins environmental approval for Bornite
After two years of waiting, Plexus Resources (TSE) has received approval from environmental regulators to develop its Bornite project near Salem, Ore. A Record of Decision and approval of the Final En…
EDITORIAL PAGE –Industry should address communication
It seems every developing country in the world is laying out the red carpet for Canadian mining companies. At home in Canada, the carpet has been rolled up and packed away. Part of the blame rests wit…
TSE Short Positions (May 03, 1993)
Semi-monthly reports as of Apr. 15, showed 66,505,462 shares of 661 issues compared with 61,066,784 shares of 662 issues on Mar. 31. Larger individual positions included: Aber 112,290, up 52,190; Adex…