NEWS ROUNDUP — Dynacor plans drilling program
A private placement of shares has allowed Mines Dynacor (ME) to raise $50,000 to undertake a small surface drilling program at its Siscoe gold project near Val d’Or, Que. The company, which changed it…
News
NEWS ROUNDUP — Repadre funds Fairmile play
Additional exploration of the Buffalo Valley gold property in Nevada will be funded through a royalty and financing agreement with Repadre Capital (TSE). Fairmile Acquisitions (ASE), which can acquire…
NEWS ROUNDUP — Caretech drilling Thunder Lake W.
Results from five holes drilled at the Thunder Lake West project near Dryden, Ont., continue to provide encouragement for Continental Caretech (CDN). Holes TL-88 and TL-89 intersected the down-plunge …
Stronger gold price recorded in first half
The first half of 1994 was a period of consolidation in the international gold market, in which players adjusted to a higher price range, according to Gold 1994 — Update I, compiled by Gold Fields Mi…
Bonus plans favored by U.S. metal mines
Metal mines in the U.S. outpaced coal mines in 1993 in incentive bonus plan implementation, according to a compensation survey by Mining Cost Service of Spokane, Wash. Incentive bonus plan utilization…
Cameco plant sets safety record
The Port Hope, Ont., conversion operation belonging to uranium producer Cameco reached a safety milestone on Sept. 2 by recording one year without a lost-time accident. A lost-time injury is one in wh…
Willoughby results shine for Gold Giant, Camnor
Drilling on the Willoughby property east of Stewart, B.C., is returning gold values for Gold Giant Minerals (VSE) and Camnor Resources (VSE) Camnor is earning a half interest from Gold Giant by spendi…
STOCK MARKETS — Surging gold sector fails to ignite TSE
Despite a strong performance in the gold sector, the Toronto Stock Exchange could manage only a meagre gain during the report period ended Sept. 6. The composite 300 index edged upwards by 13.46 point…
Spot prices at a glance (September 12, 1994)
Week’s Price (US) Change Gold* $388.40 + $2.15 Silver* $ 5.51 + $0.15 Platinum* $419.75 + $7.75 Nickel** $ 2.79 $0.00 Lead** $ 0.27 $0.00 Copper $ 1.12 – $0.01 Zinc $ 0.44 $0.00 Courtesy of Scotiabank…
Nelson earning interest in Tajikistan gold venture
Bermuda-based Nelson Trade & Finance (TSE) will acquire Commonwealth & British Minerals, which is involved in a gold-mining joint venture with the Tajikistan government. Nelson already has a 20% stake…
STOCK MARKETS — Western markets show signs of renewed life
With summer nearly over, expectations are that trading activity may pick up a little steam on western markets. The slump of recent months is a reflection of diminishing investor interest in diamond-re…
METAL PRICES — FREE MARKET (September 12, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Sept.6 Sept.5 Sept.2 Sept.1 Aug.31 Copper 2482-2483 N/A 2490-2491 2498-2499 2499-2500 Lead 604.5-604.5 N/A 604.5-605.5 601.5-602.5 589.5…