Kennecott drops Mega-Gold option
Disappointing drill results led to a decision by Kennecott Canada to withdraw its option on the Mega-Gold project held by Valerie Gold (VSE). The property is near Taseko Mines’ Fish Lake copper-gold d…
News
East West to drill at Casa Berardi
East West Resource (VSE) has agreed to pay Cross Lake Minerals (VSE) $15,000 and spend $70,000 to earn a 50% interest in a 55-claim property in Casa Berardi Twp., Que. The claims, which lie next to a …
Madeleine acquires Lac des Iles royalty
Toronto-based junior Madeleine Mines (TSE) has acquired the operating profits interest in three of the four Crown mining leases that comprise the Lac des Iles platinum project near Thunder Bay, Ont. T…
International flavor to Cordilleran Roundup
Delegates to the recent 1993 Cordilleran Roundup heard about exploration activity at home, in particular in British Columbia and the Yukon, and also about opportunities overseas. In British Columbia, …
Curragh reports loss for 1992
After reflecting a $16.6-million extraordinary charge for the loss stemming from the fatal accident at the Westray coal mine last May in Nova Scotia, Curragh (TSE) reported a net loss for 1992 of $54….
STOCK MARKETS — Noranda hammered by selloff of Edper
Shaken by a selloff of the Edper Bronfman stocks, including Noranda, The Toronto Stock Exchange’s 300 composite index managed a gain of only 10 points during the week ended Feb. 2. Even though Noranda…
STOCK MARKETS — Market action focuses on players at
Western markets continued to charge ahead during the period ended Feb. 2, posting a number of successive new highs not seen for more than two and a half years. The Vancouver Stock Exchange composite i…
Gold Funds (February 08, 1993)
BGR Central Net Value $8.11 $5.05 Price $5.75 $4.40 Discount 29.09% 12.9% Value $45,420,000 $74,026,920.
Toronto Stock Exchange Indices (February 08, 1993)
Feb.2 Feb.1 Jan.29 Jan.28 Jan.27 High Low Composite”300″3321.83 3310.92 3305.47 3307.92 3311.64 4009.47 3009.91 Metals&Minerals 2774.96 2765.51 2773.54 2782.42 2806.21 3453.06 2502.63 Integrated Mines…
Spot prices at a glance (February 08, 1993)
Week’s Price (US) Change Gold* $329.60 – $1.00 Silver* $ 3.67 – $0.01 Platinum* $359.60 – $3.90 Nickel** $ 2.62 – $0.01 Lead** $ 0.19 $0.00 Copper $ 1.01 – $0.01 Zinc $ 0.50 + $0.02 Courtesy of Scotia…
METALS MARKETS — High metal inventories a concern
The recession and the subsequent rise in metal inventories continue to generate misery and further announcements of cutbacks in the mining industry. Metal consumption is down almost everywhere to some…
Thermal to test potential of Labrador Trough property
With its Williams Creek copper project entering the feasibility stage, Thermal Exploration (ASE) has turned to the Labrador Trough of northern Quebec for new reserves. This year, the California-based …