METAL PRICES — FREE MARKET (January 09, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 3 Jan. 2 Dec. 30 Dec. 29 Dec. 28 Copper 3039-3040 N/A 3039-3040 3016-3017 3014-3015 Lead 650-651 N/A 650-651 649-650 643.5-644.5 Zi…
News
Noranda, Corner Bay Minerals pool Mexican exploration
The wholly owned Mexican subsidiary of Corner Bay Minerals (TSE) has concluded an agreement with a unit of Noranda (TSE) whereby the companies will pool their current land holdings in the Roncesvalles…
Scintilore seeks to raise $640,000
Two arm’s-length private placements are intended to raise $640,000 for Scintilore Explorations (TSE). The placements consist of 1.6 million shares priced at 40 cents each, with warrants entitling the …
Adrian Resources to buy own shares
Convinced its share price is undervalued, Adrian Resources (TSE) plans to acquire up to 1 million shares of its capital stock through a normal course issuer bid. Adrian’s major asset is its interest i…
Gulf confirms Tajikistan venture
Following a recent change of government in the former Soviet republic of Tajikistan, Gulf International Minerals (VSE) has confirmed its joint-venture agreements on several properties. Gulf can earn a…
Bru-Lovie returns values for Ramrod
Additional drilling is planned on the Bru-Lovie gold project in Crescent Valley, Nevada. Consolidated Ramrod Gold (TSE) has drilled eight offset holes to test mineralization around hole CB94-2, which …
Merger gets shareholder approval
Shareholders of Minorca Resources Ltd. (VSE), Orco Resources (ME) and Denyvan Resources (ME) have approved a reorganization plan enabling the companies to merge. The merger was effected Jan. 1 through…
Francisco plans drilling at Dura
Geophysical work at La Dura, a gold property in Mexico’s Sonora state, has set the stage for reverse-circulation drilling. Francisco Gold (VSE) says an induced-polarization survey identified an area t…
Cyprus makes drilling plans for Amalgamated Kirkland bet
Project operator Cyprus Canada is expected to begin a 5,000-metre drill program on Queenston Resources’ (TSE) Amalgamated Kirkland gold property, near Kirkland Lake, Ont. In 1994, Cyprus drilled 13 ho…
Equity Silver payout far from a sure thing
Potential changes to tax rules decrease the likelihood of an eventual cash payout to shareholders of Equity Silver Mines (TSE). The company shipped the last load of concentrate from its silver mine ne…
Spot prices at a glance (January 09, 1995)
Week’s Price (US) Change Gold* $378.25 – $3.55 Silver* $4.72 – $0.09 Platinum* $410.50 – $5.50 Nickel** $3.99 + $0.10 Lead** $0.29 $0.00 Copper $1.33 – $0.03 Zinc $0.51 $0.00 Courtesy of Scotiabank. I…
INVESTMENT COMMENTARY — Sulphide potential makes Eden Roc a
Based on gold production from oxide reserves and potential production from new sulphide sources, Canadian investment firm ScotiaMcLeod recommends Eden Roc Minerals (TSE) as a speculative buy. The anal…