PEOPLE — TEXAS STAR RESOURCES
Robert Allen appointed vice-president, exploration.
News
PEOPLE — INT’L LARDER MINERALS (February 14, 1994)
John Cowans and Donald McKinlay appointed directors.
PEOPLE — NEWMONT GOLD (February 14, 1994)
Michael Moran elected vice-president, engineering services.
Gold Funds (February 14, 1994)
Gold Funds as of Feb. 9 BGR Central Net Value $16.95 $6.59 Price $14.75 $7.50 Premium 13.8% Discount 12.97% Value $94,938,000 $135,744,750…
Newmont Gold
Gold producer Newmont Gold (NYSE) sold 1.7 million oz. in 1993, up from 1.6 million oz. the previous year. The Denver, Colo.-based company received an average price of U$361 per oz. last year, compare…
PRODUCER PRICES (February 14, 1994)
ALUMINUM: MW U.S. market US57.50-59.50 cents per lb. (Jan. 27, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…
HudBay options B.C. properties
The exploration division of Hudson Bay Mining & Smelting (TSE) is set to begin work on two newly optioned properties in southeastern British Columbia. The main target is stratabound, copper-silver min…
Rio Algom raises $180 million
After announcing it would sell 7 million units at $22.50 each, Rio Algom (TSE) added another million shares at the same price. Gross proceeds are expected to be $180 million. Each unit will consist of…
Spot prices at a glance (February 14, 1994)
Week’s Price (US) Change Gold* $380.25 – $4.70 Silver* $ 5.25 – $0.03 Platinum* $389.50 – $2.50 Nickel** $ 2.60 – $0.08 Lead** $ 0.22 – $0.01 Copper $ 0.84 – $0.02 Zinc $ 0.44 – $0.02 Courtesy of Scot…
Toronto Stock Exchange Indices (February 14, 1994)
— 1994 — Feb 8 Feb 7 Feb 4 Feb 3 Feb 2 High Low Composite”300″ 4452.18 4448.71 4447.19 4560.28 4573.43 4601.09 4286.54 Metals&Minerals 3805.59 3760.44 3703.35 3795.05 3820.54 3855.09 3495.59 Integra…
STOCK MARKETS — Interest-rate hike hits market; gold in
The Toronto Stock Exchange surpassed another record during our report week when 106 million shares worth $1.27 billion changed hands on Feb. 2. Such enormous volumes, however, were overshadowed by a m…
Dome, Detour expansions approved
Expansion plans have been approved for the Dome and Detour Lake gold mines in northern Ontario. The Canadian unit of Placer Dome (TSE) plans to spend $150 million to increase production and lower cost…