NO HEADLINE (March 21, 1994)
A recent preliminary agreement among the world’s leading aluminum-producing nations could mark a watershed in the management of commodity markets. The purpose of the agreement, reached in Brussels, wa…
News
New zone found at Grouse Creek
A high-grade gold occurrence has been discovered at the Grouse Creek project in south-central Idaho. Operator Hecla Mining (NYSE), whose partner in the venture is Great Lakes Minerals (TSE), reports t…
PRODUCER PRICES (March 21, 1994)
ALUMINUM: MW U.S. market US60.75-62.25cents per lb. (Mar. 3, 1994). ANTIMONY: MW New York dealer US76-80cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993)…
Joe Mann mine poses challenge to cost-conscious Campbell
Having been cut loose by Northgate Exploration, Campbell Resources (TSE) is confidently striking out on its own. President John Kachmar says the company hopes to produce 55,000 oz. gold in the current…
LETTERS TO THE EDITOR — Ceremonies are simple affairs
Regarding the editorial “Engineering some respect” (T.N.M., Jan. 17/94) and the reference to the Ritual of the Calling of the Engineer, the described conditions do not apply to Section No. 10 Quebec o…
Survey work set for southern Yukon
The Yukon Prospectors Association (YPA) and the Canada-Yukon Geoscience Office hope to spur exploration in the southern part of the territory with an airborne electromagnetic survey. Craig Hart, proje…
The Diamond Page — SouthernEra increases exposure in Quebec
Junior SouthernEra Resources (TSE) has been busy completing deals to broaden its exposure to diamond plays in both northwestern Quebec and the Northwest Territories. In Quebec’s Le Tac Twp., Ojibway R…
STOCK MARKETS — Bullion holds steady as gold equities slip
Gold bullion prices changed little over the week, slipping a meagre US20 cents to US$376.25 per oz. However, investors caught a case of the jitters as gold continued trading in a narrow range. Most of…
INSIDER TRADING — Officers of Aur Resources sell shares
Three officers of Aur Resources (TSE) sold shares in January and February. According to the Ontario Securities Commission’s OSC Bulletin, director Howard Stockford exercised 100,000 options at $2.90 a…
TSE Short Positions (March 14, 1994)
Semi-monthly reports as of Feb 15, 1994 showed 68,492,494 shares of 808 issues compared with 89,182,749 shares of 825 issues on Jan 31, 1994. Larger individual positions included: Aber 202,000, up 52,…
Gold Funds (March 14, 1994)
Gold Funds as of Mar. 9 BGR Central Net Value $16.77 $6.63 Price $13.75 $7.250 Premium 9.4% Discount 17.98% Value $136,159,000 $131,219,925…
Kingston Resources
Under an agreement with the Slovakian government, Kingston Resources (VSE) can earn a minimum 50% interest in the Banska Stiavnica mine by spending $2 million over three years. The mine includes a 500…