More gold found at La Colorada
Development drilling on the Mexican operation known as La Colorada is continuing to intercept thick zones of oxide gold mineralization. Eldorado (TSE) is carrying out 100,000 ft. of reverse-circulatio…
News
Peruvian expands ground position
If applications for an additional 21 mining claims in Peru are accepted, Peruvian Gold (VSE) will increase its land holdings in the country substantially. The junior would see its holdings expanded by…
EDITORIAL PAGE — Mineral projects held hostage
“If the save-it-all green groups don’t get you, the native land claims will.” A cynical attitude, perhaps, but one that is becoming all too common among resource companies. Many are starting to worry …
CIM makes commitment to fund U of T program
A 5-year, $100,000 commitment by the Toronto chapters of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) will provide funds for a pair of adjunct professorships for the Geological and…
Arizona Star teams with Bema
Associated companies Arizona Star Resource (VSE) and Bema Gold (TSE) are teaming up on the Aldebaran gold project in Chile. Bema plans to acquire the 49% interest in the project held by Minera Anglo A…
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…
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). …