DIAMOND PAGE — Correction
The recent agreement between De Beers Consolidated Mines and junior companies Mill City Gold Mining (VSE) and Tanqueray Resources calls for De Beers to subscribe for $2 million in common shares of Mil…
1994
Toronto Stock Exchange Indices (August 01, 1994)
— 1994 — Jul 26 Jul 25 Jul 22 Jul 21 Jul 20 High Low Composite “300” 4149.90 4159.02 4176.16 4172.59 4181.74 4609.93 3518.31 TSE 100 Index 250.35 250.75 252.08 251.79 252.57 277.47 238.43 Metals&Min…
METAL PRICES — FREE MARKET (August 01, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date July 26 July 25 July 22 June 21 July 20 Copper 2479-2480 2520-2522 2506.5-2507.5 2531-2532 2533-2534 Lead 576.5-577.5 583-584 575.5-576….
Int’l Gold sells U.S. properties
To focus exploration efforts outside of North America, International Gold Resources (TSE) is selling its two advanced projects in Idaho. At the Humbug property, a “geological resource” of 27 million t…
COMMENTARY — Copper important to Arizona
The Arizona copper industry contributed US$5.7 billion to the state’s economy during 1993, according to a study by the Western Economic Analysis Center in Marana, Ariz. This contribution is calculated…
STOCK MARKETS — TSE slips in wake of Quebec election call
Fears of higher interest rates in the wake of the election call in Quebec kept investors cautious, thereby leading to a small downturn on the TSE. The downturn comes despite reports of positive second…
Gold Funds (August 01, 1994)
Gold Funds as of July 25 BGR Central Net Value $17.29 $6.79 Price $15.50 $7.125 Premium 4.9% Discount 10.34% Value $140,450,000 $128,957,513…
Noble Peak raises money
Alberta-listed Noble Peak Resources is raising $400,000 through a private placement of flow-through common shares. The company recently optioned ground to Cyprus Canada, a unit of Cyprus Amax Minerals…
Hemlo Gold’s earnings increase
Increased gold production, a higher gold price and a weaker Canadian dollar all enabled Hemlo Gold Mines (TSE) to increase earnings to $38.1 million (or 39 cents a share) for the first half of 1994 fr…
Central Crude raises funding
A private placement of 6 million special warrants has raised $9.3 million for Central Crude (TSE). The company, which is changing its name to River Gold Mines, intends to use most of the proceeds to d…
PEOPLE — ROCHESTER (August 01, 1994)
Peter Christopher appointed director.
STOCK MARKETS — Juniors bear brunt of lacklustre Km 88
Junior companies active in Venezuela had little to cheer about after generally disappointing results were released from highly promoted gold properties held by TSE-listed Vengold in the South American…