Spot prices at a glance (February 07, 1994)
Week’s Price (US) Change Gold* $384.95 + $3.95 Silver* $ 5.28 + $0.20 Platinum* $392.00 + $11.40 Nickel** $ 2.68 + $0.09 Lead** $ 0.23 $0.00 Copper $ 0.86 + $0.03 Zinc $ 0.46 + $0.01 Courtesy of Scoti…
News
Geologists study Purcell Basin
Details have been made available of a geological symposium held in Whitefish, Mont. last summer. More than 100 geologists convened at the northwestern lake resort to share information on exploration o…
Drill results rejuvenate gold project
A 16,000-ft. drill program by Teck (TSE) is returning attention-grabbing gold values from the Thunder Lake West gold prospect near Dryden, Ont. The first infill hole intersected 0.89 oz. gold per ton …
NEWS ROUNDUP — MSV producing at Chibougamau
Toronto-listed MSV Resources has released production figures for the fourth quarter. The Montreal-based company produced 12,700 oz. gold and 3.5 million lb. copper from 126,726 tons of material. The c…
NEWS IN BRIEF (February 07, 1994)
Dencam Development (DNM:VSE) has changed its name to Consolidated Dencam Development (CMO: VSE) on a 1-new-for-2.5-old-share basis.
STOCK MARKETS — Yellow metal holds firm as resource index
The tug-of-war between gold sellers and buyers ended the week with the yellow metal holding firm above the US$380-per-oz. level, and even edging up a few dollars to US$384. That helped push the Vancou…
Financing (February 07, 1994)
Aurex Res. — 3.5 million units issuable upon the exercise of 3.5 million special wts, each unit consisting of one common sh and one non-transferable sh purchase wt @ $1 per special wt. Metall Mining …
NEWS ROUNDUP — Ramp driven at Dona Lake mine
At the Dona Lake gold mine, near Pickle Lake, Ont., Espalau (ME) has constructed a ramp for gaining access to the crown pillar. Since buying the mine last summer from Toronto-listed Placer Dome (throu…
Obituary — Janet Springer
A senior scientist with the Ontario Ministry of Northern Development and Mines (MNDM), Janet Springer died recently in an automobile accident near Sudbury. She was 57. A native of England, she spent h…
Barrick continues its record pace
American Barrick Resources (TSE) has reported record production, earnings and cash flow for the eighth consecutive year. The Toronto-based company increased reserves in 1993 by 20%, adding 5 million o…
NEWS ROUNDUP — Cyprus to option Noble’s Southwin play
Cyprus Canada intends to earn a 60% interest in Noble Peak Resources’ (ASE) Southwin gold project in the Northwest Territories. It can do so by spending $3 million on exploration and by paying $150,00…
Great Lakes files final prospectus
Great Lakes Resources (TSE) has filed a final prospectus relating to an offering of 17.5 million shares. At $2 per share, the company will receive proceeds of $35 million. It plans to use $9 million t…