World platinum supplies in surplus
Demand for platinum in 1993 increased 6% to 4 million oz. as automobile and jewelry usage rose to record levels. However, metals dealer Johnson Matthey says supplies of the metal reached a new peak of…
News
STOCK MARKETS — Diamond interest keeps western markets
Investor interest in diamond exploration continued to shore up western markets which began edging downwards toward the close of our report period ending June 8. The Vancouver Stock Exchange’s composit…
Wilderness group sues DIAND, Westmin over Yukon exploration
The Canadian Parks and Wilderness Society (CPAWS), represented by the Sierra Legal Defence Fund, has filed a lawsuit against the federal government and Westmin Resources (TSE) related to the company’s…
Spot prices at a glance (June 13, 1994)
Week’s Price (US) Change Gold* $381.90 – $5.35 Silver* $ 5.33 – $0.21 Platinum* $397.35 – $4.90 Nickel** $ 2.87 + $0.03 Lead** $ 0.23 $0.00 Copper $ 1.06 + $0.04 Zinc $ 0.43 $0.00 Courtesy of Scotiaba…
TSE INDICES (June 13, 1994)
— 1994 — June 7 June 6 June 3 June 2 June 1 High Low Composite”300″ 4326.77 4268.96 4281.02 4280.58 4289.66 4609.93 3518.31 Metals&Minerals 3736.83 3675.06 3701.18 3658.65 3692.59 3879.59 3273.56 In…
FOR THE RECORD — Placer Dome committed to Latin American
Five years ago, Placer Dome (TSE) had no investments in South America. Today, it is managing a successful gold and silver mine in Chile. In addition, the company is constructing Latin America’s larges…
NO HEADLINE (June 13, 1994)
A fine of $470,00 has been levied against Noranda Minerals for safety violations in the death of an Ontario miner. Noranda was convicted April 18 of three counts under the Occupational Health and Safe…
Breakwater expands zones in N.W. Que.
Surface drilling has expanded several gold zones on Breakwater Resources’ (TSE) East Amphi property near Malartic, Que. Previous surface and underground exploration had established a mineral inventory…
LAST BUT NOT LEAST — Nucore, New Aegis plan merger
In July, shareholders of Nucore Resources and New Aegis Resources will be asked to approve an amalgamation of the two Vancouver-listed companies. New Aegis shareholders would receive one share of the …
NEWS ROUNDUP — Columbia examines Chinese projects
China’s mineral potential appears to have captured the interest of Columbia Gold Mines (VSE). The Vancouver-based junior recently visited the country and carried out field examinations and technical r…
Exploration picks up in Utah’s Tintic district
Exploration activity appears to be picking up steam in Utah’s Tintic district. The camp was formerly among the most prolific in the state, having produced nearly 3 million oz. gold, more than 300 mill…
Chesbar, VenCan to join forces
Two Toronto-based juniors — Chesbar Resources (ME) and VenCan Gold (ME) — plan to combine their property interests in Venezuela. Details of the proposed amalgamation will be released shortly. If all…