Teck backs Joutel in Cuban exploration
Latin America continues to beckon Toronto-listed Teck. The major is investing $1 million in Joutel Resources (TSE), in return for which it can earn a half interest in three of the former’s Cuban prope…
News
OBITUARIES — Christopher Bavage, Frank van Poppel
Two executives in the Canadian drilling industry, Christopher Bavage and Frank van Poppel, died recently in an automobile accident while on business near Timmins, Ont. Bavage was vice-president and ge…
Municipalities indicate their support for mining
More than 110 municipalities across the country have adopted resolutions in support of the campaign to “Keep Mining in Canada” The Canadian Mineral Industry Federation says 26 resolutions have been pa…
Metals sub-index jumps in December
In December, the metals and minerals sub-index of the Bank of Nova Scotia’s commodity price index rose for the second straight month. Base metal prices continued to edge up in December and January, th…
THE DIAMOND PAGE — Investors await drill results from
Diamond exploration in Saskatchewan is showing no sign of letting up, as results are eagerly awaited from several drill programs. War Eagle Mining (VSE), a player in the Candle Lake joint venture, she…
Spot prices at a glance (February 21, 1994)
Week’s Price (US) Change Gold* $383.60 + $3.35 Silver* $ 5.25 $0.00 Platinum* $400.00 + $10.50 Nickel** $ 2.61 + $0.01 Lead** $ 0.21 – $0.01 Copper $ 0.85 + $0.01 Zinc $ 0.43 – $0.01 Courtesy of Scoti…
METAL PRICES — FREE MARKET (February 21, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Feb. 15 Feb. 14 Feb. 11 Feb. 10 Feb. 9 Copper 1820-1821 1827-1828 1823-1824 1854-1855 1853-1854 Lead 451-452 474-475 480-481 485-486 489…
Lumina in gold, diamond hunt
The search for gold and diamonds is keeping Lumina Investment (VSE) active in the Northwest Territories and Saskatchewan. The Vancouver-based junior, of which Robert Hunter is president, claims varyin…
Starmin set to buy Friedland firms
The paperwork is about to increase at Starmin Mining’s Toronto office as the junior prepares to acquire two private companies and undergo a restructuring. The Toronto-listed company will gain all the …
Taylor Rand plans work on Grant mine
With a comprehensive geological report now in hand, Taylor Rand is getting serious about exploring and developing properties it holds in southwestern Montana. Chief among those is the past-producing U…
METALS COMMENTARY — Prices rise, but metal stocks refuse to
Metals markets continue to confound analysts. Inventories are high and rising, yet, inexplicably, prices have bounced smartly off their recent lows. While the long-term outlook for most metals is good…
Hecla opens Mexican mine
The tequila was flowing as Mexican civil servants joined managers of Hecla Mining (NYSE) to cut the ribbon on La Choya, a new gold mine in Sonora state. Situated 30 miles south of the U.S. border, the…