Nahanni share exchange cancelled
A deal whereby three major shareholders in Nahanni Mines (TSE) had agreed to sell W.F. Christensen, president of Lytton Minerals (TSE), 1.5 million Nahanni shares has been cancelled. Under the agreeme…
1992
Coleraine negotiates ferrochrome deal
An agreement to produce ferrochrome in Quebec is being negotiated with Ege Metal Endustrie A.S. of Turkey, Ressources Minieres Coleraine (ME) reports. A large producer of chromite, Ege is a consortium…
Uranium output in Western World declines
If the conclusions of a report by the Uranium Institute of London are anything to go by, Canada’s uranium miners will see a vibrant future unfolding in the years ahead. The report is a store of statis…
More about diamonds (December 28, 1992)
Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. and Alberta After five months of negotiations, DHK Resources — owned equally by Dentonia Resources (V…
STOCK MARKETS — South American gold projects spark
Bullish reports emerging from Canadian projects in South America, specifically from Venezuela and its neighbor Guyana, sparked investor interest on The Toronto Stock Exchange during the week ended Dec…
Gold Funds (December 28, 1992)
Gold Funds as of Dec. 22 BGR Central Net Value $8.12 $5.18 Price $6.25 $4.60 Discount 23.01% 11.2% Value $46,266,000 $77,391,780…
Dundee offer (December 28, 1992)
An offer for each of the outstanding common shares of Dundee Capital it does not already own will be made by Dundee Bancorp (TSE). Dundee Bancorp, which will offer $7.45 per share, currently has an ap…
Spot prices at a glance (December 28, 1992)
Week’s Price (US) Change Gold* $332.50 – $2.40 Silver* $ 3.70 – $0.01 Platinum* $359.50 – $3.25 Nickel** $ 2.64 + $0.04 Lead** $ 0.21 $0.00 Copper $ 1.02 + $0.02 Zinc $ 0.48 $0.00 Courtesy of Scotiaba…
Metal prices in sharp decline
The metal and mineral sub-index of Scotiabank’s commodity price index suffered another sharp decline in November. After improving earlier in the year, the sub-index has fallen below the previous low i…
METALS MARKETS — Metals markets in unsettled state
World trade in metals continues to be disorderly. Potential mining properties are being placed on hold because of declining markets and onerous government approval regulations. Returns on existing pro…
PRODUCER PRICES (December 28, 1992)
ALUMINUM: MW U.S. market US54-55 cents per lb. (Dec. 11, 1992). 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. (Jun. 11, 1992). CA…
School of Mines in Haileybury marks 80th year
A dinner was held recently to commemorate the 80th anniversary of the Haileybury School of Mines in Haileybury, Ont. Among the 90 participants was guest speaker John Gammon, assistant deputy minister …