NEWS ROUNDUP — Japan, Oman strike deal
The countries of Japan and Oman have signed an agreement to search for iron, copper, gold and silver in the oil-producing Gulf sultanate. Prospecting would cover an area of almost 4,000 sq. km north o…
News
EDITORIAL PAGE — Telling it like it is
With investment opportunities opening up in almost every country in the world, analysts are taking a much broader look at what constitutes a “favorable” investment climate. In recent months, several i…
American Gem signs major sapphire sales agreement
Chicago-based jewelry manufacturer IWI Holdings (NASDAQ) intends to purchase, on an annual basis, between 100,000 and 500,000 carats of commercial-grade sapphires from Montana-based American Gem (TSE)…
New discovery at Aldebaran
Trenching on the Aldebaran property in Chile has outlined a new zone of gold mineralization for Arizona Star Resource (VSE) and Bema Gold (TSE). The former has a 51% interest in the property while the…
METALS COMMENTARY — Bull market for metals takes breather
All is not well in metal markets. Behind the wall of strong worldwide demand, conflicts are developing as physical and financial sectors diverge. After the the latest surge in exchange worries and the…
STOCK MARKETS — Looming federal budget overhangs jittery
Fears over what the upcoming federal budget holds in store kept investors on the sidelines and led the Toronto Stock Exchange to post a modest loss for the 5-day report period ended Feb. 21. The compo…
METAL PRICES — FREE MARKET (February 27, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Feb. 21 Feb. 20 Feb. 17 Feb. 16 Feb. 15 Copper 2884-2885 2880-2881 2887-2889 2886.5-2887.5 2811-2812 Lead 583-584 581-583 573-574 572-57…
PRODUCER PRICES (February 27, 1995)
ALUMINUM: MW U.S. market US94.5-96.5 cents per lb. (Feb. 3, 1995). ANTIMONY: MW New York dealer US$2.40-2.50 per lb. (Jan. 27, 1995). BISMUTH: MW New York dealer US$3.80-4.00 per lb. (Jan. 20, 1995). …
STOCK MARKETS — Gold’s stability fails to revive ailing VSE
Western markets remain on the critical list, with the Vancouver Stock Exchange’s composite index limping along at the 700 level, down more than 12 points during the report period ended Feb. 21. Gold’s…
Eastmain plans drill programs
An agreement with its project partner gives Eastmain Resources (CDN) a 100% interest in two exploration permits and 149 claims within the Eastmain River Greenstone Belt in northwestern Quebec. The jun…
War Eagle drills La Fortuna
Reverse-circulation drilling on the Mexican silver-gold project La Fortuna has identified two mineralized zones, the Central and the Northwest. War Eagle Mining (VSE) drilled 29 holes totalling 8,750 …
Aur to drill Lithos prospects
Limited drilling is planned for a pair of Lithos (ME) properties in the Joutel base metal camp of northwestern Quebec. Aur Resources (TSE) has budgeted $150,000 for two holes on the Charbon property a…