Regarding your Commentary titled “Philippine mining struggles” (T.N.M., April 18/94), you failed to highlight the tremendous opportunities that exist because of the current plight of the industry in t…
Nickel and base metal giant Falconbridge has filed a preliminary prospectus with the Ontario Securities Commission with regard to an initial public offering of its common shares. Although details of t…
Drilling on the Damoti Lake property north of Yellowknife, N.W.T., has returned additional gold intersections for partners Athabaska Gold Resources (TSE), Consolidated Ramrod Gold (TSE) and Gitennes E…
A $1.2-million exploration program is under way at the San Jose de Cobre project in Mexico’s Durango and Sinaloa states. Consolidated Kassan Resources (VSE) intends to evaluate several gold and polyme…
Producer Kennecott, a unit of RTZ (NYSE), is proceeding with a second phase of work at the Tintic venture in western Utah. The company paid US$50,000 cash to Centurion Mines (NASDAQ) as part of its se…
Geophysical and geochemical work is set to begin at the Diablillos gold-silver project in northwestern Argentina. Pacific Rim Mining (VSE), which can acquire the property, notes that it has never been…
The letter from Houston, B.C. (“Eskay benefits belong at home,” T.N.M., March 21/94) expressed disappointment at the decision to bypass the Houston-Equity site to treat Eskay ore. I attended the recep…
As operator of the so-called Chile joint venture, Cominco Resources International (TSE) has arranged options to buy three copper exploration properties in the northern part of that country. The compan…
Up to 50 jobs have been saved at the recently closed Nova Gypsum plant in New Brunswick. Westroc Industries, Canada’s leading drywall producer, bought the business, which was placed in receivership la…
— 1994 — May 3 May 2 Apr 29 Apr 28 Apr 27 High Low Composite”300″ 4283.61 4282.33 4267.12 4270.78 4287.77 4609.93 3518.31 Metals&Minerals 3553.38 3573.85 3479.64 3482.25 3505.81 3879.59 3273.56 Inte…
Gold Funds as of May 2 BGR Central Net Value $16.97 $6.74 Price $14.38 $7.250 Premium 7.6% Discount 15.30% Value $137,878,000 $131,219,925…
A new 14-month high in the Bank of Canada rate appears to have put a damper on eastern financial markets. On May 3, the rate jumped by 20 basis points to 6.27%, the highest level since February of las…
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