METAL PRICES — FREE MARKET (August 22, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date August 16 August 15 August 12 August 11 August 10 Copper 2394.5-2395.5 2400-2402 2400-2401 2413.5-2414.5 2402.5-2403.5 Lead 551.5-552.5 …
News
Roxmark acquiring Geraldton property
Under a preliminary agreement, Roxmark Mines (TSE) will gain control of the Little Long Lac gold mine property from Algoma Steel. Situated in Geraldton, Ont., the former producing property comprises 7…
Kennecott withdraws from Tintic venture
After spending US$1.5 million on the Tintic project in Utah, Kennecott opted to withdraw from its joint venture with Centurion Mines (NASDAQ). The project in the historic Tintic mining district was re…
High River closes $12 m placement
Junior gold explorer High River Gold Mines (TSE) has raised $12.1 million by selling 5 million special warrants. Each special warrant is exchangeable for one share, or 1.1 share if a final receipt is …
Monarch enters into agreements
Two separate agreements have been reached by Monarch Resources (TSE) which allow the company to acquire interests in a Venezuelan property and Argentine properties. Monarch signed a letter of intent w…
INSIDER TRADING — Cons. Ramrod officers buy and sell shares
Three senior officers and one director of Consolidated Ramrod Gold (TSE) bought and sold shares in June. According to the Ontario Securities Commission’s OSC Bulletin, director Allan Frame bought 2,00…
Drilling ups reserves at Hislop-Beatty
Results from the first five holes of a 37-hole program have increased reserves at the Hislop-Beatty project in northeastern Ontario. Operator Hemlo Gold Mines (TSE) reports that the best intersection …
Greenstone raises project funding
Investors have exercised a series of warrants enabling Greenstone Resources (TSE) to raise $2.2 million. The warrants were issued in conjunction with two rounds of financing completed in mid-1992. The…
New legal action against Westminer
A group of Nova Scotian investors representing Cavalier Capital Corp. has initiated legal action against Westminer Canada and six other defendants. The investors claim to have suffered an $8-million l…
Summo makes plans for copper prospects
With an initial public offering in the works, Summo Minerals plans to begin drilling its Lisbon Valley property in San Juan Cty., Utah, about 45 miles southeast of here. The company was formed to purs…
Toronto Stock Exchange Indices (August 22, 1994)
— 1994 — Aug 16 Aug 15 Aug 12 Aug 11 Aug 10 High Low Composite “300” 4202.79 4169.73 4175.14 4174.68 4205.08 4609.93 3518.31 Metals&Minerals 3825.26 3800.52 3832.66 3845.35 3907.92 3996.08 3273.56 I…
NEWS ROUNDUP — Strike ends at Santa Gertrudis
An initial collective bargaining agreement has been ratified between Campbell Resources (TSE) and workers at the company’s Santa Gertrudis gold mine in northwestern Mexico. Operations were suspended o…