Spot prices at a glance (January 17, 1994)
Week’s Price (US) Change Gold* $394.00 – $7.20 Silver* $ 5.11 – $0.12 Platinum* $387.25 – $9.75 Nickel** $ 2.59 + $0.20 Lead** $ 0.22 + $0.01 Copper $ 0.80 + $0.01 Zinc $ 0.45 $0.00 Courtesy of Scotia…
News
NEWS ROUNDUP — Naneco loses permit bid
The Lawrence County Board of Commissioners has refused to issue a land use permit to Minerva Explorations for a gold property in South Dakota. The Johnson Gulch property, 5 miles west of Lead, contain…
STOCK MARKETS — VSE trading in ’93 soared to all-time high
The Vancouver Stock Exchange’s record year is now official. The VSE reports trading activity reached the highest volume and value in its 86-year history. Volume in 1993 totaled 5.7 billion shares, a 4…
Metal Prices (January 17, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 11 Jan. 10 Jan. 7 Jan. 6 Jan. 5 Copper 1751-1752 1740-1741 1731-1732 1735-1736 1749-1750 Lead N/A 473-474 460-461 458-459 463-464 Z…
TSE Rights & Warrants
Amax Gold – Wt buys sh @ $21.00(US) to Jan 8/96. Ashton Mining of Canada – Wt buys sh @ $3.50 to Oct 27/95. Cambior – Wt buys sh @ $15.50 to Jun 30/95. Cameco – Wt buys sh @ $14.75 to Oct 1/94. Cominc…
Echo Bay takes up Baja option
The Mexican subsidiary of Echo Bay Mines (TSE) has reached an agreement to earn up to a 60% interest in the Paredones Amarillos gold project in Baja California Sur territory. Baja Gold (TSE) owns the …
Recovery workers continue tough job clearing rock and debris
Having completed a crosscut to reach the 6723 stope at the Macassa gold mine of Lac Minerals (TSE) west of Kirkland Lake, Ont., recovery workers are clearing the loose material that resulted from rock…
Winslow drilling yields gold values
Project partners Winslow Gold (VSE) and Northwind Ventures (VSE) have intersected an auriferous skarn zone at the Rock Creek-Dayton Camp property in southeastern British Columbia. Hole 93-DC2-8 inters…
Fort Knox acquires Chibougamau properties
Two base metal properties north of Chibougamau, Que., have been acquired by Fort Knox Gold Resources (TSE). The De Maures and Regnault properties are within the Frotet-Evans greenstone belt which is a…
Damoti Lake results prove deflating for venture partners
Results from the first seven holes of winter drilling at the Damoti Lake joint venture in the Northwest Territories fell short of expectations for the three owners. Partners Athabaska Gold Resources (…
Trader eyes industrial minerals
By April, Trader Resource (TSE) expects to have acquired Mountain Minerals, a diversified producer and marketer of industrial minerals. The $8-million transaction is still subject to financing, more d…
TVX issues 23m new shares
A group of Canadian underwriters has bought 23 million new shares of TVX Gold (TSE) at $8.75 each. The sale will net TVX $201.2 million before commissions. The group — led by Burns Fry and including …