TSE INDICES (August 15, 1994)
— 1994 — Aug 9 Aug 8 Aug 5 Aug 4 Aug 3 High Low Composite”300″ 4186.82 4175.36 4168.54 4202.09 4206.05 4609.93 3518.31 Metals&Minerals 3902.51 3892.36 3922.46 3982.58 3985.31 3996.08 3273.56 Integra…
News
New Newmont mine set for Indonesia
Construction of a new gold mine on the Indonesian island of Sulawesi has been approved by joint-venture partners Newmont Gold (NYSE) and P.T. Tanjung Searpung of Jakarta. The US$131-million project wi…
Two Yukon mining groups back Bonnet Plume work
Two territorial mining organizations hope to intervene in a court challenge to existing federal mining regulations. The Canadian Parks and Wilderness Society (CPAWS) is challenging the legality of the…
Camnor drilling provides encouragement at Willoughby
Drilling by Camnor Resources (VSE) is off to a promising start at the Willoughby gold property 26 km east of Stewart, in northwestern British Columbia. The first hole of this year’s program intersecte…
Placer Dome earnings rise
A higher gold price and increased investment income helped to boost net earnings in the first half of 1994, Placer Dome (TSE) says. Earnings of US$61 million were recorded for the 6-month period, a si…
METAL PRICES — London Metal Exchange
Spot closing prices in $US per tonne Date August 9 August 8 August 5 August 4 August 3 Copper 2392-2393 2396-2397 2400-2401 2405-2407 2404-2405 Lead 565-566 573.5-574.5 579-580 578.5-579.5 576-577 Zin…
STOCK MARKETS — Rising dollar, bank rate help to bolster
A healthy rise in the Canadian dollar and a stable bank rate helped shore up the TSE over the 5-day report period ended Aug. 9. The composite 300 index closed down 7.46 points to end the period at 4,1…
Pangea to drill Tanzanian properties
CDN-listed Pangea Goldfields has received conditional approval to begin trading on the Toronto Stock Exchange, with final approval expected within the next four weeks. Also, the company has acquired m…
Flag drilling near Sudbury
Work is continuing on the 10,400-hectare property held by Flag Resources near Sudbury, Ont. A large magnetic body, thought to represent the western sector of the Wanapitei anomaly, was found near the …
GOLD FUNDS (August 15, 1994)
BGR Central Net Value $17.36 $6.68 Price $15.75 $7.250 Premium 8.5% Discount 9.28 Value $141,055,000 $131,219,925 \…
METALS PRICES — Spot prices at a glance
Week’s Price (US) Change Gold* $378.30 – $0.30 Silver* $ 5.16 – $0.05 Platinum* $412.50 – $2.00 Nickel** $ 2.59 – $0.16 Lead** $ 0.25 – $0.01 Copper $ 1.08 – $0.02 Zinc $ 0.42 – $0.01 Courtesy of Scot…
Black Swan at odds with Goldbelt
A new dispute is brewing between Black Swan Gold Mines (TSE) and Goldbelt Resources (VSE). The companies are at odds over a settlement agreement made in January, 1992, regarding the Leninogorsk gold t…