METAL PRICES — FREE MARKET (February 27, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Feb. 21 Feb. 20 Feb. 17 Feb. 16 Feb. 15 Copper 2884-2885 2880-2881 2887-2889 2886.5-2887.5 2811-2812 Lead 583-584 581-583 573-574 572-57…
News
STOCK MARKETS — Looming federal budget overhangs jittery
Fears over what the upcoming federal budget holds in store kept investors on the sidelines and led the Toronto Stock Exchange to post a modest loss for the 5-day report period ended Feb. 21. The compo…
METALS COMMENTARY — Bull market for metals takes breather
All is not well in metal markets. Behind the wall of strong worldwide demand, conflicts are developing as physical and financial sectors diverge. After the the latest surge in exchange worries and the…
GOLD FUNDS (February 27, 1995)
BGR Central Net Value $16.10 $6.53 Price $12.75 $6.375 Discount 20.81% 2.4% Value $126,058,000 $115,383,038…
New discovery at Aldebaran
Trenching on the Aldebaran property in Chile has outlined a new zone of gold mineralization for Arizona Star Resource (VSE) and Bema Gold (TSE). The former has a 51% interest in the property while the…
American Gem signs major sapphire sales agreement
Chicago-based jewelry manufacturer IWI Holdings (NASDAQ) intends to purchase, on an annual basis, between 100,000 and 500,000 carats of commercial-grade sapphires from Montana-based American Gem (TSE)…
EDITORIAL PAGE — Telling it like it is
With investment opportunities opening up in almost every country in the world, analysts are taking a much broader look at what constitutes a “favorable” investment climate. In recent months, several i…
Roxmark options Placer property
Junior Roxmark Mines (TSE) can acquire Placer Dome’s (TSE) Key Lake gold property in Ontario’s Lindsey Twp. Previously, in an area referred to as the East pit, Placer drilled two vertical holes, 250 m…
SHORT POSITIONS
Semi-monthly reports as of Jan 31, 1995 showed 239,236,777 shares of 783 issues compared with 244,193,506 shares of 792 issues on Jan 15, 1995. Larger individual positions included: Aber 49,040, down …
San Fernando hits good gold values
Trenching on the San Fernando gold project in Mexico is returning gold values for owner San Fernando Mining (TSE). The trenching returned 0.14 oz. per ton across a continuous exposure of 62.2 ft. in t…
Chile’s El Indio important focus for Barrick Gold
Last year’s takeover of Lac Minerals is expected to boost Barrick Gold’s (TSE) gold production to 3.1 million oz. this year, up from 2.3 million oz. in 1994 and 1.6 million oz. in 1993. This hefty gro…
Cominco Resources options X-Cal’s Eureka gold project
Partners Cominco Resources International (TSE) and X-Cal Resources (VSE) will soon begin drill-testing the Eureka gold project in Nevada. Cominco will earn an initial 60% interest by paying US$130,000…