St. Genevieve targets metals in mine tailings
Confident that it is on the heels of an environmental breakthrough, St. Genevieve Resources (TSE) has cast its first ingot containing gold and silver ore at its Norebec-Manitou pilot recycling plant. …
1993
Roxmark option
Roxmark Mines (TSE) is negotiating an option agreement for 32 claims in Odlum Twp. in the White River area of northern Ontario. Any agreement is subject to a due diligence review and regulatory approv…
Inco projects flat year for nickel
The world’s largest single producer of nickel, Inco (TSE), expects 1993 to be a flat year. The company also sees future growth occurring outside Canada. First-quarter results for the Toronto-based com…
1993 PDAC convention exceeds expectations
The 61st annual convention of the Prospectors and Developers Association of Canada (PDAC) was “a fantastic success from every point-of-view,” according to Anthony Andrews, PDAC managing director. The …
Flag hits magnetite, extends drill hole
A deep hole drilled by Flag Resources (ASE) on the Wanapitei anomaly near Sudbury, Ont., intersected 814 ft. of magnetite-bearing core from a depth of 1,900 ft. The magnetite (FE3O4) may have been con…
COMMENTARY — Of the gold price, Alaskan permafrost
Analyst Ian Lamont, writing in a recent issue of the Yorkton Natural Resources newsletter: The physical demand for gold bullion is currently extremely strong and, in theory, this should cause the pric…
Futterer award to UBC student
This year’s recipient of the Futterer award is Tina Markovic. The award is given annually to the most outstanding final-year mining student in the Canadian Mineral Industry Education Foundation’s mini…
Coin demand on the rise
Demand for Canadian circulation coins increased 27% to more than one billion pieces in 1992. Most of the increase is due to public interest in the 25-cent and $1 coins of the Canada 125 coin program, …
Blusson to vend interests into a public company
Stewart Blusson recently acquired a controlling interest in Texas Sidewinder Oil (VSE), which will buy all his interests in the BHP Minerals/Dia Met Minerals/Charles Fipke/Blusson joint venture outsid…
Noranda sells Louvem shares to St. Genevieve
Noranda Minerals, a unit of Noranda (TSE), has sold its control block of 11.5 million shares of Louvem Mines (TSE) to Montreal-based junior St. Genevieve Resources (TSE) for $1.7 million (15 cents per…
Producer Prices (May 03, 1993)
ALUMINUM: MW U.S. market US51.25-52.25 cents per lb. (Apr. 22, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 11, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
New financings for MinVen, Euro
A strong performance recently by the yellow metal has prompted at least two gold-producers to announce new financing. Cash-strapped MinVen Gold (TSE), which has been burdened by heavy debt and low gol…