Judge finds in Seabright’s favor
A Nova Scotian court has strongly rejected the $65-million claim of Westminer Canada Holdings and Westminer Canada against Seabright Resources. Instead, the former Seabright directors were awarded $10…
News
METAL PRICES — FREE MARKET (April 05, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 30 Mar. 29 Mar. 26 Mar. 25 Mar. 24 Copper 1434-1435 1434-1436 1441-1443 1474-14…
Reading our stock trading tables (April 05, 1993)
A comprehensive listing of weekly stock quotations for mining securities is provided by The Northern Miner. To assist readers who often know the name of the stock but not the exchange on which it trad…
St Andrew posts record production
Revenues and gold production for St Andrew Goldfields (TSE) reached record levels in 1992. The Stock Twp. mine, east of Timmins, Ont., produced 36,301 oz. from 191,152 tons grading 0.198 oz. gold per …
Drilling planned for Beatty-Hislop
Noranda Exploration has recommended further drilling at a property near Matheson, Ont., reports Glimmer Resources (VSE). Norex is exploring the property, in Beatty and Hislop Twps., on behalf of Hemlo…
LATIN AMERICA ROUNDUP — Aronos acquires Sonora ground
Having staked 200 hectares near Rayon, Sonora (135 km northeast of Hermosillo, Mexico), Aronos Multinational (CDN) will stake an additional 300 hectares to expand its placer gold area. The property ha…
Geomaque, Noranda in property deal
A letter of intent has been signed, allowing Noranda Exploration to earn half of a gold/base-metal property in Bourlamaque Twp. east of Val d’Or, Que., Geomaque Explorations (CDN) reports. Noranda mus…
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…
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…