Decline under way at Pend Oreille
Junior RFC Resource Finance (TSE) continues to drive a decline at the Pend Oreille base metals deposit north of Spokane, Wash. The decline will provide a drill platform to explore for extensions of th…
News
STOCK MARKETS — Western markets consolidate as indexes drop
Western markets continued to consolidate during the report period ended Nov. 15, with both the Vancouver Stock Exchange resource and composite indexes touching new lows for the year. The composite ind…
Toronto Stock Exchange Indices (November 21, 1994)
— 1994 — Nov 15 Nov 14 Nov 11 Nov 10 Nov 9 High Low Composite”300″ 4168.92 4177.19 4170.68 4179.19 4191.38 4609.93 3518.31 Metals&Minerals 3953.87 3949.45 3906.09 3901.51 3923.05 4289.04 3273.56 Int…
Anvil Range to fight suit
Court action against Anvil Range Mining will be defended, the company says. A merchant banker, Koloshuk Farrugia Corp., launched a $10-million lawsuit against Anvil Range, claiming it had been left ou…
Roaster fire erupts at Newmont mine
A fire has caused the temperary closure of Newmont Gold’s (NYSE) refractory ore treatment plant near Carlin, Nev. The fire erupted in the electrostatic precipitator. A portion of the plant was undergo…
Metal Prices — London Metal Exchange (November 21, 1994)
Spot closing prices in $US per tonne Date Nov 15 Nov 14 Nov 11 Nov 10 Nov 9 Copper 2772-2773 2781-2782 2725-2726 2695-2697 2672-2673 Lead 672-673 666.5-667.5 664-665 667-668 664-665 Zinc 1164-1165 116…
Armada financing Siberian work
Alberta-listed Armada Gold has closed the first of a 2-staged financing, with gross proceeds exceeding $2.1 million. The company issued more than 4.2 million shares priced at 50 cents each in the firs…
Inco to expand Indonesian operation
Responding to the growing demand for nickel in the Far East, Inco (TSE) has decided to expand its production facility in Indonesia. The plan, estimated to cost US$500 million, calls for Inco’s 58%-own…
MAC takes mining woes to Ottawa
Canada’s pioneers would never have believed that an industry that helped build the nation — and which today accounts for 15% of national exports — would one day find its very survival open to questi…
Fleming named TSE president
The Toronto Stock Exchange (TSE) has named Rowland Fleming as its new president and chief executive officer (CEO). Fleming, 51, becomes the exchange’s 60th president in its 133-year history, succeedin…
Correction (November 21, 1994)
The Daisy property is owned 75% by Inter-Rock Gold (ME) and 25% by Rayrock Yellowknife Resources (TSE). Incorrect information appeared in our issue of Nov. 7.
AMC, NCA plan to join forces
A pair of lobbying groups in the U.S. — the American Mining Congress (AMC) and the National Coal Association (NCA) — plan to merge. Named to head the new mining organization is Richard Lawson, who i…