Correction (April 05, 1993)
A 48% interest in the Petaquilla property in Panama was incorrectly reported (“Panama boasts mining potential,” T.N.M., Mar. 15/93) as belonging to Minnova (TSE). Minnova’s ownership is through a 50/5…
News
LATIN AMERICA ROUNDUP — Minefinders options Mexican
An option agreement has been concluded with a Mexican businessman to explore and develop the Dolores gold property in Chihuahua, Mexico, Minefinders (VSE) reports. Minefinders may assume total ownersh…
LATIN AMERICA ROUNDUP — Pacific Rim acquires gold property
The Diablillos gold project is the second property recently acquired by Pacific Rim Mining (VSE) in Argentina. The first was La Colorada, a Sedex-type, massive sulphide prospect near the Aquilar distr…
Precious metal issues popular
Investors have taken a shine to precious metal stocks, and Canadian gold producers are seizing the opportunity to issue new equity. Since the beginning of the year, the Toronto Stock Exchange’s gold a…
Royalty dropped from Clinton budget
A royalty on hardrock mining on public land in the U.S. will be dropped from the proposed fiscal 1994 budget of the Clinton Administration, the Associated Press reports. However, White House officials…
STOCK MARKETS — Gold issues help fuel a record trading
Diamonds may have been the most talked about investment at the recent convention of the Prospectors and Developers Association of Canada in Toronto, but while miners were busy promoting “bull’s-eye” t…
STOCK MARKETS — Panamanian plans give Adrian share price a
The spot price of gold finally broke out of its narrow trading range around the US$330-per-oz. level, gaining more than US$6 per oz. to finish the week ended March 30 at about US$337. The Vancouver St…
Spot prices at a glance (April 05, 1993)
Week’s Price (US) Change Gold* $336.90 + $5.60 Silver* $ 3.89 + $0.24 Platinum* $361.75 + $4.85 Nickel** $ 2.77 + $0.04 Lead** $ 0.19 + $0.01 Copper $ 0.97 $0.02 Zinc $ 0.45 $0.00 Courtesy of Scotiaba…
FINANCING (April 05, 1993)
Cons. Newgate Res. — 800,000 units @ 86 cents per unit where each unit consists of 1 sh and 2 wts; with a minimum offering of 400,000; two series A wts to purchase 1 sh.
TORONTO STOCK EXCHANGE INDICES (April 05, 1993)
Mar.30 Mar.29 Mar.26 Mar.25 Mar.24 High Low Composite”300″3586.11 3585.25 3599.74 3612.04 3603.70 4009.47 3009.91 Metals&Minerals 2916.94 2911.06 2921.27 2939.99 2950.00 3453.06 2502.63 Integrated Min…
PEOPLE — BRENNA RESOURCES (April 05, 1993)
Rino Manarin appointed director.
PEOPLE — CORNUCOPIA RESOURCES (April 05, 1993)
James Carter appointed director.