Metal Prices — FREE MARKET (April 03, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Mar. 28 Mar. 27 Mar. 24 Mar. 23 Mar. 22 Copper 2946-2947 2967-2968 2970-2971 2963-2964 2955-2958 Lead 599-600 603-604 612-614 607-608 60…
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PRODUCER PRICES (April 03, 1995)
ALUMINUM: MW U.S. market US86.5-87.5 cents per lb. (March 24, 1995). ANTIMONY: MW New York dealer US$2.30-2.40 per lb. (Feb. 16, 1995). BISMUTH: MW New York dealer US$3.75-3.90 per lb. (Feb. 24, 1995)…
TSE Short Positions (April 03, 1995)
Semi-monthly reports as of Mar. 15, 1995 showed 228,987,690 shares of 784 issues compared with 235,623,529 shares of 758 issues on Feb. 28, 1995. Larger individual positions included: Aber Res. 59,300…
Dome mine adding new ground
The Canadian unit of Placer Dome (TSE) is expanding the Dome gold mine in Timmins, Ont., by purchasing the adjacent Preston property. The company has reached an agreement with Patrick Sheridan to acqu…
Gwalia to produce lithium carbonate
A lithium carbonate plant in Western Australia is expected to be commissioned in October. Perth-based Gwalia Consolidated reports that the plant will have an annual capacity of 5,000 tonnes, with feed…
Companies pledge emission cutbacks
Thirteen large, Canadian mining companies have reduced emissions of 12 major substances by 43% and have pledged to reduce the discharges by 71% by the end of the decade. The companies, members of the …
St. Genevieve in option deal for Philippine property
A signed agreement could see St. Genevieve Resources (ME) acquire a 60% interest in the Capcapo gold-copper property in the Philippines. Previously, the 1,900-acre property was optioned by a major int…
Guyanor makes public offering
An agreement between Golden Star Resources (TSE) and Guyanor Ressources paved the way for the latter’s first public offering in Canada. The company went public with 6 million Class B common shares on …
Great Lakes, Geomaque pursue merger
Two emerging gold producers, Great Lakes Minerals (TSE) and Geomaque Explorations (TSE), are pursuing a proposed merger. The amalgamation would create an entity which, by year-end, should have interes…
Trillion expands into South Africa
An agreement to acquire a partial interest in a South African company is expected, directly and indirectly, to provide Trillion Resources (TSE) with annual production credits of more than 55,000 oz. g…
STOCK MARKETS — Dow Jones sets record, TSE posts solid gain
Markets in New York City and Toronto posted solid gains this week, resulting from the perception that, at least for the time being, low inflation and steady economic growth are upon us. During the rep…
Breakwater targets Caribou for treatment process testing
It is not uncommon for a mine to be shut down and later reactivated as a result of technological advances. Such may be the case with the Caribou polymetallic mine near Bathurst, N.B. Owned by Breakwat…