BGR increases net asset value
Year-end results for 1993 were reported by BGR Precious Metals (TSE), a closed-end investment firm specializing in precious metals investments. BGR had an increase in net assets to $93.5 million for t…
News
STOCK MARKETS — Market uncertainty shaves 20 points off
Continuing uncertainty on major markets combined with a US$6-per-oz. drop in the price of gold to the US$378 level left the Vancouver Stock Exchange resource index down over 20 points at 1,793.13. The…
NEWS ROUNDUP — FMC investing in lithium play
A lithium carbonate project in Argentina will benefit from an investment worth US$45-$100 million. FMC Lithium, formerly Lithco, recently announced its investment decision after signing a revised cont…
NEWS ROUNDUP — GeoNova options Serem ground
An agreement has been reached between GeoNova Explorations (VSE) and Serem Quebec that will enable GeoNova to acquire a 60% undivided interest in 59 claims held by Serem in northwestern Quebec. The pr…
Spot prices at a glance (April 18, 1994)
Week’s Price (US) Change Gold* $379.20 – $5.90 Silver* $ 5.34 – $0.19 Platinum* $398.75 – $9.00 Nickel** $ 2.52 + $0.03 Lead** $ 0.21 + $0.01 Copper $ 0.85 $0.00 Zinc $ 0.43 + $0.01 Courtesy of Scotia…
Mapping school for Laurentian
The geology department of Laurentian University in Sudbury, Ont., and the Ontario Geological Society (OGS) will establish a co-operative graduate Mapping School program. The program is intended to tra…
STOCK MARKETS — Money markets improve, but gold and metals
Money markets continued to improve during the week, but declines in the metals and minerals and gold subgroups lead to a drop in the composite index. On April 12, the central bank rate tumbled 37 basi…
NEWS ROUNDUP — Belore acquires Nova Scotia gold play
Alberta-listed Belore Mines is acquiring a numbered Nova Scotian company which owns 149 claims in the South Brookfield gold district of the maritime province. Belore will issue 400,000 shares and 200,…
Spot prices at a glance (April 11, 1994)
Week’s Price (US) Change Gold* $385.10 – $1.65 Silver* $ 5.53 – $0.08 Platinum* $407.75 – $0.25 Nickel** $ 2.49 – $0.05 Lead** $ 0.20 – $0.01 Copper $ 0.85 – $0.02 Zinc $ 0.42 – $0.01 Courtesy of Scot…
LATIN AMERICAN SPECIAL — Peru privatizing its mineral
The largest mining company in Peru, Centromin, is up for sale. The sale of Centromin is a large step in the aggressive privatization program started by President Alberto Fujimori in 1992. It will mean…
Getty develops oxide copper
Leach tests on core from last year’s diamond drilling program on the Getty North property has returned positive results. The property, owned by Getty Copper (VSE) and situated in the Highland Valley o…
Martin speaking at Toronto ’94
Federal Finance Minister Paul Martin will address a May 4 joint luncheon during the Toronto ’94 mining show. The luncheon will be part of the Minerals Outlook Conference, a 1-day event sponsored by th…