News

Brian McClay appointed director.

Five European shareholders of Imperial Metals (TSE) have filed notices of their intention to sell up to a total of 20 million shares of the company. The holding represents 38% of Imperial’s 52 million…

Goldpac Investments (GPK:VSE) has changed its name to Brimstone Gold (BSC:VSE) on a 1-new-for-5-old-share basis.

Although the stock markets have been on a slide for the past month or so, trading on the Toronto Stock Exchange is still well ahead of last year. For example, the TSE’s average daily value of $808.1 m…

W. Zinn appointed president and chief executive officer.

Encouraged by recent strength in the price of copper, Princeton Mining (TSE) is considering reopening its Similco mine near Princeton, B.C. Operations were suspended last fall as a result of the then-…

Global demand for silver exceeded supply for the fourth consecutive year in 1993 and the trend is expected to continue in 1994, The Silver Institute predicts. In its World Silver Survey, 1994, the Was…

London Metal Exchange Spot closing prices in $US per tonne Date June 7 June 6 June 3 June 2 June 1 Copper 2259-2261 2234-2235 2231-2232 2220-2221 2213-2214 Lead 499-499.5 499.5-500.5 506.5-507 501-503…

New York-listed Cyprus Amax Minerals will buy a 51% interest in the Chilean El Abra copper property. In return, Cyprus will pay US$330 million to Corporacion Nacional del Cobre de Chile (Codelco) and …

A fire claimed the life of James Goad recently at his home in Collingwood, Ont. He was 72. Chairman, past president and co-founder of mining company Fortune Minerals, Goad had a long career in the sec…

Bruce James appointed director.

Duncan McIvor appointed president and chief executive officer.