11 (April 10, 1995)
Explorer Mongolia Gold Resources (VSE) is negotiating to acquire a second property in the central Asian country. Previous work outlined a potentially open-pit resource of 27.5 million tons grading 0.0…
News
Lighter coins in the works as metals makeup to change
A change in the metals composition of coins in circulation in Canada, with the exception of the $1 loonie, is in the works. The Royal Canadian Mint plans to use nickel-plated steel for the 50-cent, 25…
Delaney addressing CIM luncheon
The chairman of Sherritt will talk about his company’s activities at the April 20 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum. Ian Delaney has been run…
Minieres du Nord outlines anomalies
Amos, Que.-based Explorations Minieres du Nord (ME) has outlined five induced-polarization anomalies on its Barry Twp. property. The property, situated in northwestern Quebec, is contiguous with, and …
Metal Prices — FREE MARKET (April 03, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Mar. 28 Mar. 27 Mar. 24 Mar. 23 Mar. 22 Copper 2946-2947 2967-2968 2970-2971 2963-2964 2955-2958 Lead 599-600 603-604 612-614 607-608 60…
PRODUCER PRICES (April 03, 1995)
ALUMINUM: MW U.S. market US86.5-87.5 cents per lb. (March 24, 1995). ANTIMONY: MW New York dealer US$2.30-2.40 per lb. (Feb. 16, 1995). BISMUTH: MW New York dealer US$3.75-3.90 per lb. (Feb. 24, 1995)…
Insider Trading — Trillion officers active
Two senior officers of Trillion Resources (TSE) completed share transactions in January. According to the Ontario Securities Commission’s OSC Bulletin, senior officer John Barclay was granted 30,000 o…
Princeton expands Elenita deposit
A drill program in northern Chile continues to expand the potential size of the Elenita oxide copper deposit. Owner Princeton Mining (TSE), which hopes to develop Elenita as an open-pit, solvent-extra…
LETTERS TO THE EDITOR — Diamond exploration scene could use
The recent convention, in Toronto, of the Prospectors and Developers Association of Canada was an example of what these gatherings are all about: exchanging ideas, dealing on properties and renewing o…
First Anvil shipments
Lead and zinc shipments from the Faro project in the Yukon are expected to start in early October, shareholders of Anvil Range Mining (TSE) were told recently. The company is preparing the Grum deposi…
Spot prices at a glance (April 03, 1995)
Week’s Price (US) Change Gold* $383.00 + $1.60 Silver* $4.73 + $0.15 Platinum* $420.90 + $8.65 Nickel** $3.41 + $0.05 Lead** $0.27 $0.00 Copper $1.33 – $0.01 Zinc $0.45 – $0.02 Courtesy of Scotiabank….
Investment Commentary — Falco’s earnings potential makes it
With development plans proceeding at two projects and growth in earnings expected for 1995, Falconbridge (TSE) should have an excellent year, says First Marathon Securities. Mining analyst John Lydall…