OPINION — Investing in Russian projects
The mining industry in Russia has benefited from a recent increase in investments. The Australian company Star Technology Systems plans to spend US$250 million by 1999 on the Sukhoy Log project, which…
News
Spot prices at a glance (November 28, 1994)
Week’s Price (US) Change Gold* $384.50 – $1.00 Silver* $5.17 – $0.02 Platinum* $410.50 – $3.90 Nickel** $3.44 – $0.06 Lead** $0.30 – $0.01 Copper $1.26 – $0.04 Zinc $0.52 – $0.02 Courtesy of Scotiaban…
STOCK MARKETS — Higher bond yields attract investors
The Toronto Stock Exchange (TSE) took another beating this week, as nervous investors dumped their shares in favor of higher interest-bearing investments, such as bonds. This exit from the equity mark…
STOCK MARKETS — Cinola JV was bright spot in lacklustre
The Vancouver Stock Exchange composite and resource indexes continue to reach new lows for the year. For the report period ended Nov. 22, the composite index dropped 32.22 points to close at 762.98. T…
EXPLORATION ’94 — NAM bullish on Great Bear potential
An aggressive $5.5-million program has resulted in the discovery of new zones of gold mineralization at the Golden Bear mine property in northwestern British Columbia. The 35,200-hectare property, own…
EDITORIAL PAGE — The entrepreneurial ethic
In early 1995, eight individuals will be officially inducted into the Canadian Mining Hall of Fame. They will join the group of 54 who have been honored since the Hall was established seven years ago….
TSE SHORT POSITIONS (November 28, 1994)
Semi-monthly reports as of Oct 31, 1994 showed 241,967,036 shares of 832 issues compared with 257,344,810 shares of 878 issues on Oct 15, 1994. Larger individual positions included: Aber 131,140; Agni…
EXPLORATION ’94 — Financing for Kumtor proceeding
Toronto-listed Cameco says negotiations are proceeding for the financing of the Kumtor gold deposit in Kyrgyzstan. The company holds a one-third interest and is project operator; the remainder is held…
EXPLORATION ’94 — Freeport’s Grasberg copper-gold project in
Tucked away in the western part of the island of New Guinea is one of the world’s three largest open-pit copper reserves and perhaps the single largest gold reserve to be found anywhere. That, at leas…
Caledonia to expand Spanish mine
Toronto-based Kilborn Ltd. has been hired to engineer the expansion of the Filon Sur heap-leach gold mine in Spain. Under the proposed plan, annual capacity will be expanded to 1 million from 360,000 …
EXPLORATION ’94 — Drill Program at Whistle Lake
Drilling by Noranda Exploration, a subsidiary of Noranda (TSE), is under way at the Whistle Lake property, about 80 miles north of Thunder Bay, Ont. The property, which is held equally by Internationa…
Rayrock posts modest loss
Despite higher revenues and production, Rayrock Yellowknife Resources (TSE) posted a loss for the third quarter. The company lost $863,000 on revenues of $20.5 million, compared with earnings of $1.5 …