Ego commissioning cobalt facility
Loan advances totalling $6 million will contribute to startup of a cobalt recovery plant in Cobalt, Ont. Commissioning is to begin this month on Ego Resources’ (TSE) new facility, which is designed to…
News
Appeal planned — Warren convicted in Giant mine deaths
The defence team of Roger Warren intends to appeal Warren’s conviction on nine counts of second-degree murder in the bombing deaths of nine miners at the Giant gold mine in Yellowknife, N.W.T. “It sta…
Labrador find fails to rouse western markets
The Vancouver Stock Exchange indexes continued on a downward trend over the report period ended Jan. 24, with the exception of the resource index which gained 1.28 points to finish at 1,189.48. As for…
Aussie official stops in Cuba for discussions
Australian Foreign Minister Gareth Evans recently visited Cuba for talks with President Fidel Castro and other government officials on a lucrative nickel-mining deal and on other prospects for investm…
VenCan options Honduran concessions
In a deal reached with a Honduran company, VenCan Gold (ME) can acquire four concessions hosting gold and silver mineralization. The junior can do so by acquiring all the outstanding shares of Compani…
Spot prices at a glance (January 30, 1995)
Week’s Price (US) Change Gold* $381.70 – $0.30 Silver* $4.81 – $0.09 Platinum* $417.90 – $0.35 Nickel** $4.68 + $0.22 Lead** $0.31 + $0.01 Copper $1.39 + $0.01 Zinc $0.54 $0.00 Courtesy of Scotiabank….
PRODUCER PRICES (January 30, 1995)
ALUMINUM: MW U.S. market US97.5 cents-98.5 per lb. (Jan. 13, 1995). 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). …
STOCK MARKETS — TSE market sell-off continues to smart
A host of negative factors — continued downward pressure on the Canadian dollar, threats of inflation, higher interest rates and weaker markets in New York and Tokyo — took its toll on the Toronto S…
METAL PRICES — FREE MARKET (January 30, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 24 Jan. 23 Jan. 20 Jan. 19 Jan. 18 Copper 3044.5-3045.5 3032-3033 3050-3051 3055-3056 2973-2976 Lead 687-688 692-693 689.5-690.5 67…
Ecudor drilling at McWatters property
A 40-hole, 3,000-ft. drilling program at the McWatters gold project near Rouyn-Noranda, Que., is near completion. Societe Miniere Ecudor (ME) says more than 80% of the holes drilled to date intersecte…
NEWS ROUNDUP — Echo Bay buys Etruscan shares
Denver-based Echo Bay Mines (TSE) intends to buy 192,308 common shares of Etruscan Enterprises (VSE) at $2.60 per share. Proceeds of $500,000 will be used by Etruscan to explore the Koma Bangou gold p…
New mining plans for Keely Frontier
Plans to rework the old Keely Frontier mine in northeastern Ontario for its cobalt are in the works. Transway Capital (CDN) has entered into an agreement with Sassoon Metals of Switzerland to raise $5…