Newcoast retaining Gibraltar stake
To prevent dilution of its 30% net proceeds interest in the Gibraltar North property in British Columbia, Newcoast Silver Mines (VSE) will form a separate company and dividend it out to shareholders. …
News
Kolmanskop site of first Namibian diamond find
Today Kolmanskop is a dusty, windswept ghost town on Namibia’s southern coast, but 85 years ago it was the scene of one of Africa’s largest diamond rushes. In 1908, Zacharias Lewala, an ex-laborer fro…
LETTERS TO THE EDITOR — Eskay benefits belong at home
Canadian mining companies have been bemoaning the declining state of the industry in their country for the past few years. As a 20-plus-year employee of the industry, I have at times joined with them …
PEOPLE (March 21, 1994)
PACIFIC MARINER EXPLORATIONS — Larry McLean appointed director.
THE STOCK MARKETS — Resource index edges up despite jump in
Western markets traded sideways during the week ended March 16 despite a jump in the price of gold to US$385 per oz. The Vancouver Stock Exchange resource index edged up 3.41 points to 1,751.03 while …
Spot prices at a glance (March 21, 1994)
Price (US) Week’s Change Gold* $385.30 + $9.05 Silver* $385.42 + $0.16 Platinum* $401.75 + $9.75 Nickel** $382.52 + $0.06 Lead** $380.21 + $0.01 Copper $380.89 + $0.03 Zinc $380.42 $0.00 Courtesy of S…
THE DIAMOND PAGE– Placer Dome to buy into Crater of Diamonds
An agreement with Texas Star Resources (TSE) sets the stage for Placer Dome (TSE) to participate in a diamond project in Arkansas. The latter’s U.S. subsidiary will enter a joint venture with Texas St…
GOLD FUNDS (March 21, 1994)
BGR Central Net Value $17.03 $6.68 Price $15.75 $7.250 Premium 8.5% Discount 7.54% Value $138,401,000 $131,219,925…
Keevil tightens grip on Teck
An agreement with Metall Mining (TSE) provides Norman Keevil and his family with a strategy to prevent voting shares of Teck (TSE), of which he is president, from being acquired by any unfriendly shar…
TORONTO STOCK EXCHANGE INDICES (March 21, 1994)
— 1994 — Mar 15 Mar 14 Mar 11 Mar 10 Mar 9 High Low Composite “300” 4500.58 4470.36 4446.86 4443.18 4444.78 4601.09 3518.31 Metals & Minrls 3702.40 3686.60 3655.00 3666.19 3681.07 3855.09 3495.59 In…
NEWS ROUNDUP — Reserves double at Beaufor project
Toronto-listed partners Aurizon Mines and Louvem Mines have almost doubled the diluted geological reserves at their Beaufor project near Val d’Or, Que. The figure has increased to 626,700 tonnes avera…
Kingston Resources
Under an agreement with the Slovakian government, Kingston Resources (VSE) can earn a minimum 50% interest in the Banska Stiavnica mine by spending $2 million over three years. The mine includes a 500…