Spot prices at a glance (March 14, 1994)
Week’s Price (US) Change Gold* $376.25 $0.20 Silver* $375.26 + $0.02 Platinum* $392.00 + $1.75 Nickel** $372.46 $0.13 Lead** $370.20 $0.00 Copper $370.86 + $0.02 Zinc $370.42 $0.01 Courtesy of Scotiab…
News
Production under way at Lac des Isles project
It has been explored since the early 1970s and suffered several delays at the permitting stage, but Canada’s first platinum group metals (PGM) mine is finally up and running. Situated 60 miles northwe…
Globe-trotting Cominco Res. spending $18 million
Vancouver-based Cominco Resources International (TSE) set out to explore and acquire mineral projects in geologically prospective terranes around the world. This year, it plans to drill at least 35 fo…
Barrick drills Corona porphyry in Peru
Six drills are turning on the Corona gold-copper porphyry property in northern Peru and another two are being moved on site. American Barrick Resources (TSE) is performing delineation drilling to earn…
Toronto Stock Exchange Indices (March 14, 1994)
— 1994 — Mar 8 Mar 7 Mar 4 Mar 3 Mar 2 High Low Composite”300″ 4431.23 4436.65 4398.56 4370.25 4362.21 4601.09 4286.54 Metals&Minerals 3730.18 3786.79 3728.30 3675.76 3654.52 3855.09 3495.59 Integra…
Rea Gold making production plans for Mt. Hamilton
Although a detailed evaluation remains to be done, Rea Gold (TSE) is confident that grades and thicknesses on the N.E. Seligman deposit have been confirmed by drilling. The deposit is part of the Mt. …
Activity increasing in Stewart camp
The historic mining district of Stewart in northwestern British Columbia appears poised for another gold boom. Several juniors have been active in the region since Lac Minerals (TSE) announced positiv…
Wharf has record gold production
Toronto-listed Wharf Resources enjoyed a record level of gold production in 1993. Combined production from the Wharf and Golden Reward mines, both in South Dakota, rose 22% to 123,710 oz. last year fr…
Metal Prices — FREE MARKET (March 14, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Mar. 8 Mar. 7 Mar. 4 Mar. 3 Mar. 2 Coppr1900.50-1901.50 1897-1898 1901-1902 1873-1874 1849-1850 Lead 431-432 442.50-443.00 441.50-442.50…
Cheni options Moose claims
Toronto-listed Cheni Gold Mines can earn a 75% interest in the Moose claims in north-central British Columbia. To do so, it must pay Energex Minerals (TSE) 250,000 treasury shares plus $180,000 in cas…
Espalau to acquire Bachelor Lake shares
Debt-heavy Bachelor Lake Gold Mines (ME) will be taken over by Espalau (ME). Under an agreement, Espalau will acquire all of the issued and outstanding shares of Bachelor Lake, as well as Bachelor’s o…
Rio posts profit for 35th straight year
For the 35th consecutive year, Rio Algom (TSE) has showed its mettle by posting earnings and dividends. Nevertheless, earnings decreased 14%, compared with 1992, while revenues gained 5% for the same …