Correction (March 27, 1995)
The Logjam Creek property of Regional Resources (TSE), situated along the British Columbia-Yukon border, contains reserves of 330 million tonnes grading 0.095% tungsten and 0.045% molybdenite, not 0.4…
News
PEOPLE — ROYCEFIELD — John Harvey, Paul Legere and Wayne
Russell Meares appointed manager of exploration for Australia.
PRODUCER PRICES (March 27, 1995)
ALUMINUM: MW U.S. market US89.5-90.5 cents per lb. (March 10, 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)…
DIAMOND NEWS ROUNDUP — De Beers and Russians negotiating to
Retail sales of diamond jewelry continued to improve in 1994. But despite this upward trend, De Beers Consolidated Mines reported earnings of US$555 million for the year, representing a 7% decrease fr…
Spot prices at a glance (March 27, 1995)
Week’s Price (US) Change Gold* $381.40 – $5.20 Silver* $4.58 – $0.15 Platinum* $412.25 – $10.50 Nickel** $3.36 – $0.05 Lead** $0.27 + $0.01 Copper $1.34 + $0.02 Zinc $0.47 + $0.01 Courtesy of Scotiaba…
STOCK MARKETS — Bond selloff results in modest TSE gain
A bond selloff late in the week held the Toronto Stock Exchange to a modest gain during the 5-day report period ended March 21. The composite 300 index rose 55.65 points to close at 4,246.19. The sell…
TORONTO STOCK EXCHANGE INDICES (March 27, 1995)
— 1995 — Mar 21 Mar 20 Mar 17 Mar 16 Mar 15 High Low Composite”300″ 4246.19 4249.78 4228.00 4225.62 4218.84 4257.81 3983.34 Metals&Minerals 3955.58 3954.34 3951.72 3951.56 3926.66 4337.89 3273.56 In…
LATIN AMERICA SPECIAL — Bema/Amax Gold venture —
More than six years ago, junior company Bema Gold (TSE) headed off to Chile to take on a gold project which would enable it to make the transition from a small, 20,000-oz.-per-year producer to one tha…
Metal Prices — FREE MARKET (March 27, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date March 21 March 20 March 17 March 16 March 15 Copper 2923-2924 2898-2900 2898-2899 2897-2898 2896-2897 Lead 580-581 574-575 578-579 576-5…
LATIN AMERICA SPECIAL — Central America sees return of
In 1979, Nicaragua’s triumphant Sandinista revolutionary government nationalized all foreign mining operations in the country. Once again, foreign mining interests had been swept away by the turbulenc…
LATIN AMERICA SPECIAL — Canadian-led exploration boom under
Long known for its vast reserves of nickel laterite ore, Cuba is now undergoing an exploration boom for precious and base metals. Although several multinational firms are involved in the hunt (includi…
STOCK MARKETS — Mountain Province rises on diamond
Aside from selective hot spots, western markets continued to track sideways during our report period ended March 21, while gold slipped US$4 to the US$382-per-oz. level. The Vancouver Stock Exchange r…