Toronto Stock Exchange Indices (January 16, 1995)
— 1994 — Jan 10 Jan 9 Jan 6 Jan 5 Jan 4 High Low Composite”300″ 4191.86 4160.52 4151.65 4160.43 4154.53 4609.93 3518.31 Metals&Minerals 4237.82 4185.09 4146.01 4093.73 4094.60 4289.04 3273.56 Integr…
News
STOCK MARKETS — 1994 trading helps VSE approach near
Trading and financing approached near records for the Vancouver Stock Exchange in 1994. Financing raised through the exchange totalled $1.27 billion, which, in the exchange’s 87-year history, ranks se…
STOCK MARKETS — Flat gold price, weak dollar limit TSE
A stagnant gold price, coupled with continuing weakness in the price of the Canadian dollar, limited the Toronto Stock Exchange to a small gain over the 5-day report period ended Jan. 10. The composit…
Faster trade settlements
Beginning in June, financial markets in Canada will adopt a faster system for settling securities trades. The change, which will see most equity and bond trades settled in three days instead of five, …
ODDS’N’SODS — Old camp still sparkles
Several years ago, my wife and I had the unusual pleasure of visiting the Atlin district in the northwestern corner of British Columbia. We travelled by vehicle down a dusty country road along the sho…
METALS COMMENTARY — Base metals continue to advance
Markets opened the year in good shape, with base metal prices, in particular, continuing to inch upwards. The metal price upsurge reflects burgeoning demand by consumers in most markets. Europe and Ja…
PRODUCER PRICES (January 16, 1995)
ALUMINUM: MW U.S. market US93.5 cents-94.5 per lb. (Dec. 30, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.10 per lb. (Dec. 23, 1994). …
El Bravo acquiring Chilean project
Junior El Bravo Gold Mining (VSE) has agreed to acquire the Chanaral copper concession in northern Chile through the reverse-takeover of the Chilean company Southern Cross S.A. The number of shares to…
Cdn. Mining options Lynx Lake
An option agreement enables Canadian Mining Resources (ASE) to gain a stake in the Lynx Lake gold property held by Leeward Capital (VSE). Canadian can earn a 40% working interest by issuing 50,000 sha…
Aronos options old Mexican mine
A deal has been signed enabling Aronos Multinational (CDN) to acquire three claims in Mexico’s Sonora state. The vendor will retain a 2% net smelter return royalty. The 448-hectare property, known as …
Mine accidents claim two workers
Accidents at two gold mines, the Giant in the Northwest Territories and the Casa Berardi in Quebec, claimed the lives of two miners early in the new year. At the Giant mine of Royal Oak Mines (TSE) in…
Encouraging values at La Victoria
Drilling on the Victoria zone of the Venezuelan property known as Lo Increible is returning values for El Callao Mining (VSE). Highlights include a 51.5-ft. interval grading 0.13 oz. gold per ton in o…