Uranium pact hurts Canadian producers
A recently approved agreement that will allow Russian uranium to enter the American marketplace could cost Canadian producers hundreds of millions of dollars in lost exports. However, Rita Mirwald, di…
News
STOCK MARKETS — Gold equities feed off bullion’s new
Gold bullion prices finally posted a strong gain after several weeks of sluggish movement. Prices rose US$9.05 per oz. to close our report week at US$385.30. The Toronto Stock Exchange gold and silver…
LETTERS TO THE EDITOR — Amended securities procedures
Some of us can recall the pre-Commonwealth boast: “The sun never sets on the British Empire.” This country’s miners and prospectors are justified in boasting as well. Canadian geologists, engineers, p…
NEWS ROUNDUP — MSV finishes winter road
MSV Resources (ME) has finished constructing the 175-km winter road that connects the Eastmain deposit to Temiscamie, north of Chibougamau, Que. The completion marks an important step in the developme…
Spot prices at a glance (March 21, 1994)
Price (US) Week’s Change Gold* $385.30 + $9.05 Silver* $385.42 + $0.16 Platinum* $401.75 + $9.75 Nickel** $382.52 + $0.06 Lead** $380.21 + $0.01 Copper $380.89 + $0.03 Zinc $380.42 $0.00 Courtesy of S…
TORONTO STOCK EXCHANGE INDICES (March 21, 1994)
— 1994 — Mar 15 Mar 14 Mar 11 Mar 10 Mar 9 High Low Composite “300” 4500.58 4470.36 4446.86 4443.18 4444.78 4601.09 3518.31 Metals & Minrls 3702.40 3686.60 3655.00 3666.19 3681.07 3855.09 3495.59 In…
THE STOCK MARKETS — Resource index edges up despite jump in
Western markets traded sideways during the week ended March 16 despite a jump in the price of gold to US$385 per oz. The Vancouver Stock Exchange resource index edged up 3.41 points to 1,751.03 while …
Cambior to develop Peruvian copper project
Growing gold producer Cambior (TSE) plans to develop Peru’s La Granja copper project. The Val d’Or, Que.-based company, which operates the Omai gold mine in Guyana, can acquire La Granja outright by i…
Teck outlines two possible oreshoots
A first phase of drilling has wound down on Teck’s (TSE) Thunder Lake West gold project in northwestern Ontario. In total, 34 holes were drilled in a 15,894-ft. program funded by Continental Cartech (…
USMX hits gold in Mexican play
Drilling at the Noche Buena project in northern Mexico is confirming the existence of a large, disseminated gold system for USMX (NASDAQ). Exposed gold has been identified as a result of surface and s…
Keevil tightens grip on Teck
An agreement with Metall Mining (TSE) provides Norman Keevil and his family with a strategy to prevent voting shares of Teck (TSE), of which he is president, from being acquired by any unfriendly shar…
NEWS ROUNDUP — Reserves double at Beaufor project
Toronto-listed partners Aurizon Mines and Louvem Mines have almost doubled the diluted geological reserves at their Beaufor project near Val d’Or, Que. The figure has increased to 626,700 tonnes avera…