Crude steel output off slightly in ’94
World crude steel production in 1994 totalled 723.3 million tonnes. The International Iron and Steel Institute of Brussels says preliminary figures place output 0.9% below the 1993 level and 8% below …
News
Commodity index in decline
The commodities index of the Bank of Nova Scotia declined by 1.3% in February after rising for six straight months. A sharp drop in metals and minerals prices and a seasonal fall in agricultural price…
Monarch spreads its wings in Venezuela
Favorable drill results have enabled Monarch Resources (TSE) to increase gold reserves at its Camorra mine and Canaima concession in the Venezuelan district of El Dorado. At La Camorra, results have b…
Fairfield chalks up firm earnings
The Siwash gold mine in southern British Columbia continues to pump out profits for Fairfield Minerals (TSE). In 1994, the open pit yielded 27,000 oz., which was augmented by a further 3,000 oz. from …
Gulf boosts gold reserves
Reserves at the Aprelevka mine in Tajikistan have been revised, paving the way for a proposed expansion. A study by Gulf International Minerals (VSE) indicates the open-pit deposit contains about 2 mi…
Azco beefs ups Piedras resource
A drill program has boosted the estimated resource of the Piedras Verdes project in northwestern Mexico. The figure now stands at almost 1.3 billion lb. of contained copper. Based on a 0.2% copper cut…
El Callao drilling returns more gold at Lo Increible
Drilling on Lo Increible in Venezuela continues to return gold values for El Callao Mining (VSE), which is earning up to a 70% interest in the property. Infill work within the Victoria zone is aimed a…
First Anvil shipments
Lead and zinc shipments from the Faro project in the Yukon are expected to start in early October, shareholders of Anvil Range Mining (TSE) were told recently. The company is preparing the Grum deposi…
Gold Funds (April 03, 1995)
Gold Funds as of Mar. 28 BGR Central Net Value $16.06 $6.55 Price $13.75 $6.50 Discount 14.37% 0.8% Value $125,539,000 $118,526,736…
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…
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…