METAL PRICES — FREE MARKET (January 24, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 18 Jan. 17 Jan. 14 Jan. 13 Jan. 12 Copper 1829-1830 1830-1831 1806-1807 1700-1761 1778-1779 Lead 496-497 496-497 496-497 483-484 47…
News
Metals sub-index rises as base metals firm up
The metal and mineral sub-index of The Bank of Nova Scotia’s commodity price index rose for the first time since July. Prices for nickel, lead, zinc, potash and precious metals rose in November, more …
PEOPLE — CYPRUS CLIMAX METALS (January 24, 1994)
M. Patrick named director, human resources, for South America.
PEOPLE — GEOMAQUE EXPLORATIONS
Phillip Walford appointed director and vice-president, exploration.
Eagle gold coin sales rise 34%
Sales of the American Eagle gold coins totaled 514,000 oz. in 1993, up 34% from the previous year, the United States Mint reports. The coins were first offered in 1986. Since then, more than 7 million…
PEOPLE — PEGASUS GOLD (January 24, 1994)
Phillips Baker appointed vice-president, finance and chief financial officer.
PEOPLE — ASARCO (January 24, 1994)
John Breen appointed unit manager of the Coeur and Galena silver mines; David Young appointed manager of the Troy silver-copper mine; Sidney Lloyd appointed unit manager of the Leadville silver-lead-z…
Cons. Professor issuing rights
Consolidated Professor (TSE) is issuing rights allowing shareholders to buy more than 3.5 million shares in the company. Shareholders of record on Jan. 26 will be issued one right for each common shar…
Appeal court favors Seabright
The Nova Scotia Court of Appeal has upheld the decision in the lawsuit between Westminer Canada and the former directors of Seabright Resources. The three judges rejected all seven grounds of the West…
USMX releases Dewey reserve
The geologic resource for the Dewey Dome area of the Thunder Mountain property is estimated at 8.4 million tons grading 0.04 oz. gold per ton. USMX (NASDAQ) bases the estimate on 65 reverse circulatio…
Fairfield buys back Siwash North royalty
A 10% net proceeds royalty in the Siwash North gold deposit near Merritt, B.C., has been bought back from Placer Dome (TSE). Fairfield Minerals (TSE) has arranged to buy the interest for $1 million, p…
COMMENTARY — A grassroots perspective
A blaze is threatening all our mines, an inferno advancing toward us at an alarming rate. It is primarily in the form of the preservationist movement and the political ramifications it brings with it….