Metal Prices (May 18, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 12 May 11 May 8 May 7 May 6 Copper 1226-1227 1235-1236 1240-1241 1231-1232 1226-…
News
Curragh shares are battered by Westray coal mine disaster
As rescue workers pulled more bodies from the depths of the Westray coal mine in Nova Scotia today, May 13, Curragh Resources continued its free fall, dropping 5 cents to $3.10. The latest decline fol…
CDDA to mark 50th anniversary in New Orleans
Practically everyone knows everyone in the Canadian drilling industry, and that was clearly evident at the 49th annual convention of the Canadian Diamond Drilling Association (CDDA) staged here recent…
Drilling industry caught up in a changing world
Last year when I took over the presidency of the Canadian Diamond Drilling Association, I mentioned that I was born during worst year of the Depression. It seems ironic that the past year may become k…
Cored slim holes drilled as part of Hawaiian project
No two holes are drilled exactly alike and careful planning is the key to any hole completion, say Noble Larsen and Percy Wicklund in a paper titled “Drilling the Hawaiian scientific observation holes…
Lakewood, Green Valley tumble; market in retreat
Western markets continued a trend of general weakness during the period ended May 12, with the Vancouver composite index sliding by more than five points to finish at 615.71. The resource index sat un…
Weak results from Shining Tree play
A phase-three, 2-hole drilling program on Fort Knox Gold Resources’ (TSE) Fawcett Twp. property near Shining Tree, Ont., has returned weak copper-nickel mineralization from the south grid. Hole SG-12 …
Precious metals in price slump
A slight decline in metal prices in March didn’t prevent Scotiabank’s commodity price index from recording a small gain of 0.8%. Stronger forestry prices and a small gain in energy prices offset decli…
TSE Short Positions (May 18, 1992)
Semi-monthly reports as of April 30, showed 25,039,057 shares of 599 issues compared with 26,377,283 shares of 619 issues on April 15. Larger individual positions included: Amax Gold 18,400, down 103,…
Amax exercises Piedmont option
With the payment of US$1.75 million plus one million common shares of Amax Gold (NYSE), Amax recently exercised its option to earn a 62.5% interest in the Haile property from owner Piedmont Mining (NA…
KWG drilling Horne Fault claims
A $600,000 drill program funded by KWG Resources (ME) began recently on Horne Fault Mines’ (TSE) Lavoie Lake copper property in northwestern Ontario. KWG has the option to earn a 60% stake in a 96-uni…
Workplace health and safety a challenge for the 1990s
Work-related injury and illness not only cause an unacceptable level of pain and suffering, but the compensation costs, on average, amount to 4% of payroll. In 1991, the Ontario Workers Compensation B…