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…
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…
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…
— 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…
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…
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…
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…
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…
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…
A Saudi Arabian industrial company, in conjunction with Tiomin Resources (ME), plans to develop the Natashquan heavy mineral sands project, on the north shore of the Gulf of St. Lawrence. Based on a p…
CDN-listed Metallica Resources has bought into two Colombian mining companies. The Canadian junior will pay US$200,000 and issue 150,000 common shares to purchase all outstanding shares of Guavita and…
Ongoing work by Arauco Resources (VSE) is enhancing the company’s new gold find in southern Chile. Earlier this month, the junior reported encouraging trenching results from the discovery (T.N.M., Mar…
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