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…
News
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…
Tiomin, partner to work Natashquan
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…
Metallica buys Colombian companies
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…
LATIN AMERICA SPECIAL — Work enhancing Arauco discovery
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…
Goldbelt to JV Kazgold with Pegasus
Spokane-based Pegasus Gold (TSE) has agreed to a 50-50 joint venture arrangement with Goldbelt Resources (VSE) on the Kazgold tailings project in Kazakhstan. Formerly known as the Leninogorsk project,…
LATIN AMERICA SPECIAL — Venezuela may rebound as regional
Investor interest in juniors exploring in Venezuela has, of late, taken a 180-degree turn for the worse. Gone is the euphoria that surrounded the exploration initiative there a year ago. The cause of …
LATIN AMERICA SPECIAL — Triton breathes new life into Limon
Founded in 1991, Vancouver-based Triton Mining (TSE) is an emerging gold producer in Central America, and also holds several joint-venture exploration projects in South America. Last year in Nicaragua…
Echo Bay working Mexican project
Exploration work at the Paredones Amarillos gold project in Baja California Sur, Mexico, is proceeding at full speed. As of the end of 1994, Echo Bay Mines (TSE) had spent US$3.3 million on the proper…
Echo Bay tightens grip on Etruscan
Denver-based Echo Bay Mines (TSE) will buy more than 1.5 million shares of Etruscan Enterprises (VSE). The major will pay $4 million for the certificates, priced at $2.60 each, thereby increasing its …