1993

Week Aug 3 Aug 2 Ju1 30 Jul 29 Jul 28 High Low Composite”300″ 3976.50 N/A 13967.23 3957.55 3923.10 13979.05 3918.72 Metals&Minerals 3006.45 N/A 12932.49 2916.27 2920.94 13007.28 2916.27 Integrated Min…

French government-controlled Serem has bought an additional 1.4 million shares of Cheni Gold Mines (TSE) in accordance with a 1992 subscription agreement. Serem, which is based in Paris, can buy up to…

Desert Gold Resources (DGR:VSE) has changed its name to Desert Holdings Inc. with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.

Diamonds are still the hardest substance available for cutting, but only in a few cases (for example, wheel dressing) are large stones used on their own. Most diamond tooling is made in a manner simil…

Since production started in 1972, Gibraltar Mines (TSE) has adapted to adversity several times and survived. It hopes to continue that strategy partly by expanding mill capacity at its Gibraltar open-…

Toronto-listed Cominco has laid off 190 union employees at its smelter complex in Trail, B.C., bringing the total number of layoffs this year to 285. The company said the job losses are part of a cont…

ALUMINUM: MW U.S. market US56-57 per lb. (July 29, 1993). ANTIMONY: MW New York dealer US76-80 per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CADMIUM: MW Ne…

Trench results have been received from the Choco-6 gold property in El Callao district in Venezuelas Guyana Shield, reports Gold Vessel Resources (ASE). Three trenches, one of which represents a deepe…

Gold production increased by 29%, to 233,321 oz., during the first half of 1993 compared with the same period last year, Cambior (TSE) reports. The increase is attributed to start-up of production in …

High operating costs resulting from lower-than-expected head grades at the Hayden Hill mine prompted Amax Gold (NYSE) to take a second-quarter writedown of US$69 million. Since June, 1992, when the mi…

Weeks Price (US) Change Gold* $400.65 + $8.85 Silver* $ 5.29 + $0.22 Platinum* $417.75 + $12.15 Nickel** $ 2.22 – $0.02 Lead** $ 0.18 $0.00 Copper $ 0.88 $0.00 Zinc $ 0.42 $0.00 Courtesy of Scotiabank…

Taylor Rand, an affiliate of Madison Grant Resources (CDN), has agreed to amalgamate with Polyore Capital (CDN). Taylor Rand and Polyore shareholders will be able to exchange their shares with the new…