Spot prices at a glance (May 09, 1994)
Week’s Price (US) Change Gold* $374.50 + $0.15 Silver* $ 5.21 + $0.04 Platinum* $396.75 + $3.95 Nickel** $ 2.53 + $0.15 Lead** $ 0.21 + $0.01 Copper $ 0.89 + $0.03 Zinc $ 0.42 + $0.01 Courtesy of Scot…
News
STOCK MARKETS — Yellow metal offers little direction
Both the Vancouver Stock Exchange resource and composite indexes drifted sideways over the week ended May 3. The composite index edged down 4.56 points to 1,075.52 while the resource index managed a 2…
LETTERS TO THE EDITOR — Philippines offers opportunity
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…
Falconbridge share offering will aid exploration efforts
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…
NEWS ROUNDUP — More gold struck at Damoti Lake play
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…
LAST BUT NOT LEAST — Kassan exploring Mexican projects
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…
NEWS ROUNDUP — Kennecott proceeds with Tintic
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…
LAST BUT NOT LEAST — Pacific Rim drilling in Argentina
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…
LETTERS TO THE EDITOR — Many factors involved in Eskay
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…
New projects for Chile joint venture
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…
Westroc Industries
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…
Toronto Stock Exchange Indices (May 09, 1994)
— 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…