Princeton expands Similco reserves
A drilling program has boosted the reserve base of the Similco mine project in southwestern British Columbia. Princeton Mining (TSE) says minable reserves at the Ingerbelle deposit have risen to 56.6 …
News
Tan Range options Nigel gold mine
Alberta-listed Tan Range Exploration (ASE) has an option to buy the Nigel gold mine in South Africa’s Witwatersrand district. Up to its closure in 1991, the mine produced more than 3.3 million oz. gol…
Toronto Stock Exchange Indices (December 19, 1994)
— 1994 — Dec 13 Dec 12 Dec 9 Dec 8 Dec 7 High Low Composite”300″ 4044.41 4045.09 4034.33 4046.57 4079.78 4609.93 3518.31 Metals&Minerals 3894.53 3948.92 3953.73 3960.50 4021.40 4289.04 3273.56 Integ…
GOLD FUNDS (December 19, 1994)
Gold Funds as of Dec 12 BGR Central Net Value $16.81 $6.36 Price $13.38 6.375 Discount 20.44% Premium 0.2% Value $133,778,000 $115,383,038…
NEWS IN BRIEF (December 19, 1994)
Goldpark Mines & Investments (GKT:TSE) has changed its name to Goldpark China on a share-for-share basis.
PRODUCER PRICES (December 19, 1994)
ALUMINUM: MW U.S. market US91.5 cents-93.5 per lb. (Dec. 2, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994). C…
STOCK MARKETS — Trade figures illustrate slump in western
Negative sentiment remains firmly entrenched in western markets, with the Vancouver Stock Exchange resource index posting a 29.21-point decline to 1,161.79 and the composite index falling 10.24 points…
STOCK MARKETS — Jump in bank rate deals a blow to TSE
A surging bank rate helped take the wind out of the TSE’s sails over the 5-day report period ended Dec. 13. The composite 300 index dropped 35.03 points to close at 4,044.41 as higher interest rates m…
Inco plans production push
Strong demand for nickel has Inco (TSE) planning to increase output in 1995 by some 85 million lb. to 430 million lb. Problems in Russia, at the huge Norilsk operation and with declining domestic cons…
Kap reaches deal with Canadian potash producers
A consortium of Canadian potash producers has agreed to participate in the Yolanda Natural Nitrates project in Chile, owned by Kap Resources (VSE). The consortium, which includes Potash Corp. of Saska…
BHP enhancing Tanzanian deposit
A second hole drilled near the Kabanga nickel-cobalt deposit in northwestern Tanzania has confirmed the potential for a significant new zone. BHP Minerals reports that Hole 43 intersected an estimated…
Echo Bay gives nod to Lamefoot deposit
A new gold deposit is set to come on stream for senior gold producer Echo Bay Mines (TSE). The Lamefoot deposit is the latest in a string of five deposits to be put into production at the Kettle River…