PRODUCER PRICES (March 22, 1993)
ALUMINUM: MW U.S. market US54-55 cents per lb. (Mar. 4, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CAD…
News
Toronto Stock Exchange Indices (March 22, 1993)
Mar.16 Mar.15 Mar.12 Mar.11 Mar.10 High Low Composite”300″3556.77 3562.05 3548.06 3552.42 3551.99 4009.47 3009.91 Metals&Minerals 2885.30 2888.00 2902.97 2806.14 2931.29 3453.06 2502.63 Integrated Min…
Canmine drilling continues on Fer
Canmine Resources (CDN) has completed 11 holes on its Fer property in northern Manitoba. Each hole contains two or three gently dipping massive sulphide layers, each of which averages five feet in thi…
EDITORIAL PAGE — A taxing effort
For those who want more money spent on exploration in Canada, a ray of hope shone from an unexpected quarter recently. To wit, the U.S. House of Representatives, where Secretary of the Interior Bruce …
Golden Star raises financing
Net proceeds of about $10.6 million (including agents’ commissions) were raised from a private placement involving the sale of 1.2 million special warrants (common shares and warrants) at $9.25 each, …
NEWS ROUNDUP — Minerex transaction is cancelled
A deal to purchase all the issued shares of Minerex Resources was recently cancelled. Cornucopia Resources (TSE) reached an agreement to purchase the shares from owner Canada Tungsten Mining (TSE) in …
Placer acquires additional interest in Musselwhite
Gold producer Placer Dome (TSE) is paying $5 million cash for Homestake Canada’s 25% interest in the Musselwhite gold property, 80 miles north of Pickle Lake, Ont. Homestake will retain a 5% net proce…
Pezim case to highest court
Mining promoter Murray Pezim isn’t off the hook yet. The Supreme Court of Canada will hear an appeal in which the British Columbia Securities Commission will try to overturn a lower court ruling which…
Exploration workshop at Queen’s
A course on the exploration of convergent plate margins (CPMs) is to be held at Queen’s University on June 2-4. The course, a follow-up to last year’s workshop on giant ore deposits, is being held on …
CIM meeting on environmental education
A Chair in Mining Environment has been created at the University of British Columbia (UBC) to address the widespread problem of acid rock drainage (ARD). Dr. Richard Lawrence will discuss ARD at a Mar…
Juniors active in Honduran mineral search
The exploration activities of three North American companies in Honduras are a sign that that country’s mining potential remains solid. In 1990, Breakwater Resources (TSE) acquired the El Mochito zinc…
Giant workers await ruling
The Canada Labour Relations Board says it may take some time to rule on issues related to a prolonged dispute at the Giant gold mine, on the northern shore of Great Slave Lake. The mine is owned by Ro…