Metal Prices — FREE MARKET (May 03, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 27 Apr. 26 Apr. 23 Apr. 22 Apr. 21 Copper 1198-1199 1192-1193 1191-1192 1205-12…
News
Deak reports loss in 1992
Citing low gold prices and a decrease in gold production and grade at its Kerr mine near Virginiatown, Ont., Deak Resources reported a net loss of nearly $8 million in 1992. That compares to a profit …
Ramrod to buy FORS interest
Consolidated Ramrod Gold (TSE) intends to buy Chapleau Resources’ (VSE) interest in the FORS and Jor properties in southeastern British Columbia. The purchase price is $1.5 million. Meanwhile, Chaplea…
Inco projects flat year for nickel
The world’s largest single producer of nickel, Inco (TSE), expects 1993 to be a flat year. The company also sees future growth occurring outside Canada. First-quarter results for the Toronto-based com…
Oracle Ridge improves overall
The Oracle Ridge underground copper mine in southwestern Arizona should make money in April, reports 70%-owner South Atlantic Ventures (VSE). The mine is producing about 1,000 tons per day while mill …
1993 PDAC convention exceeds expectations
The 61st annual convention of the Prospectors and Developers Association of Canada (PDAC) was “a fantastic success from every point-of-view,” according to Anthony Andrews, PDAC managing director. The …
PEOPLE — WEDGEWOOD RESOURCES (May 03, 1993)
James Lenec appointed director.
PEOPLE — ANNAX VENTURES (May 03, 1993)
Michael Ross appointed director.
PEOPLE — CARSON GOLD (May 03, 1993)
Eric Friedland appointed chairman and chief executive officer.
Mining an issue in Bolivian election
Foreign businesses are looking forward to June’s Bolivian presidential elections and the victory of candidate Gonzalo Sanchez de Lozada, now chief executive of Comsur, the largest private sector minin…
Pure Gold to raise $3.3 million
Credit Lyonnais Laing, the London-based bank that has financed Lytton Minerals (TSE), Mill City Gold Mining (ASE) and Texas Star Resources (VSE) in their quest for diamonds, has agreed to provide Pure…
Minnova options northern properties
Minnova (TSE) can earn a 60% interest in two base metal properties of Continental Pacific Resources (VSE), near Coronation Gulf, N.W.T. The properties, in the Anialik-High Lake greenstone belts, surro…