Andacollo ahead of schedule
Construction at the Andacollo gold mine in central Chile is proceeding ahead of schedule, according to owner Dayton Mining (TSE). President Wayne McClay reports that construction of the process plant …
News
Companies must disclose corporate governance system
Listed Canadian incorporated companies will be required to disclose their approach to corporate governance in their annual reports or information circulars, says the Toronto Stock Exchange’s board of …
Idziszek, Placer Dome take top awards at convention
Among the highlights of the 63rd annual convention of the Prospectors and Developers Association of Canada (PDAC), held recently in Toronto, was the presenting of awards to individuals and companies f…
Eldorado updates Colorada reserves
Bermuda-based Eldorado (TSE) has calculated a new estimate for reserves at La Colorada, an open-pit, heap-leach gold mine in Mexico’s Sonora state. The proven and probable figure for two deposits — E…
Commodity index on rise
A large jump in metals and forest product prices resulted in a 2.2% increase in the Bank of Nova Scotia’s commodity price index in January, the sixth consecutive monthly gain. The bank’s all-items ind…
ODDS’N’SODS — Assembling the right team
They had been commissioned by the syndicate formed by Karl Springer and “Doc” Kidd to prospect and explore for gold and silver in the Coast Range Mountains, north of Stewart, B.C., during the summer o…
COMMENTARY — Optimistic note for Venezuela
For investors in Venezuela, 1994 was a year most would prefer to forget. However, there are good reasons for looking forward to the remainder of 1995 with some optimism. It seems as though the politic…
PRODUCER PRICES (March 13, 1995)
ALUMINUM: MW U.S. market US91.75-92.75 per lb. (Feb. 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). CAD…
TVI, Echo Bay in Philippine venture
Junior TVI Pacific (ASE), in conjunction with Echo Bay Mines (TSE), intends to form a joint venture in order to bid on acquiring an interest in the Kingking Lumanggang-Casagumayan-Tiogdan porphyry gol…
STOCK MARKETS — Currency crisis adds a chill to the TSE
A lack of investor confidence in the U.S. dollar rattled Canadian currency markets, which led the Toronto Stock Exchange to post a small loss during the 5-day report period ended March 7. The composit…
STOCK MARKETS — Murgor still adding shine to dull western
Trading activity on the Vancouver Stock Exchange in February was down considerably from the same time a year ago. At 331 million shares, volume was off by 35%, while the value of the shares at $290 mi…
METALS COMMENTARY — Metals markets in correction mode
A correction phase seems to be taking hold in most metals markets, no doubt a result of last year’s bull market and the accompanying speculative excesses that quickly pushed some prices to levels not …