METALS PRICES (March 21, 1994)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne Date Mar. 15 Mar. 14 Mar. 11 Mar. 10 Mar. 9 Lead 453-454 449.00-450.00 462.50-463.50 442.50-443.50 439-440 Zinc 929-930 930.50-93…
Articles by Northern Miner Staff
Economic unease affecting metals
Several events affecting investment and metals markets appear to have entered a new phase of intensity. Uneasiness in world financial markets is being felt in the metals sector, as investors begin to …
Uranium pact hurts Canadian producers
A recently approved agreement that will allow Russian uranium to enter the American marketplace could cost Canadian producers hundreds of millions of dollars in lost exports. However, Rita Mirwald, di…
STOCK MARKETS — Gold equities feed off bullion’s new
Gold bullion prices finally posted a strong gain after several weeks of sluggish movement. Prices rose US$9.05 per oz. to close our report week at US$385.30. The Toronto Stock Exchange gold and silver…
LETTERS TO THE EDITOR — Amended securities procedures
Some of us can recall the pre-Commonwealth boast: “The sun never sets on the British Empire.” This country’s miners and prospectors are justified in boasting as well. Canadian geologists, engineers, p…
NEWS ROUNDUP — MSV finishes winter road
MSV Resources (ME) has finished constructing the 175-km winter road that connects the Eastmain deposit to Temiscamie, north of Chibougamau, Que. The completion marks an important step in the developme…
THE STOCK MARKETS — Resource index edges up despite jump in
Western markets traded sideways during the week ended March 16 despite a jump in the price of gold to US$385 per oz. The Vancouver Stock Exchange resource index edged up 3.41 points to 1,751.03 while …
Spot prices at a glance (March 21, 1994)
Price (US) Week’s Change Gold* $385.30 + $9.05 Silver* $385.42 + $0.16 Platinum* $401.75 + $9.75 Nickel** $382.52 + $0.06 Lead** $380.21 + $0.01 Copper $380.89 + $0.03 Zinc $380.42 $0.00 Courtesy of S…
GOLD FUNDS (March 21, 1994)
BGR Central Net Value $17.03 $6.68 Price $15.75 $7.250 Premium 8.5% Discount 7.54% Value $138,401,000 $131,219,925…
TORONTO STOCK EXCHANGE INDICES (March 21, 1994)
— 1994 — Mar 15 Mar 14 Mar 11 Mar 10 Mar 9 High Low Composite “300” 4500.58 4470.36 4446.86 4443.18 4444.78 4601.09 3518.31 Metals & Minrls 3702.40 3686.60 3655.00 3666.19 3681.07 3855.09 3495.59 In…
Cambior to develop Peruvian copper project
Growing gold producer Cambior (TSE) plans to develop Peru’s La Granja copper project. The Val d’Or, Que.-based company, which operates the Omai gold mine in Guyana, can acquire La Granja outright by i…
Teck outlines two possible oreshoots
A first phase of drilling has wound down on Teck’s (TSE) Thunder Lake West gold project in northwestern Ontario. In total, 34 holes were drilled in a 15,894-ft. program funded by Continental Cartech (…