1994


ODDS’N’SODS — Ed and the dirty jackass

Ed and his burro, Millie, got along pretty well. Ed knew when Millie was tired and wanted water. Millie knew when Ed was discouraged and needed to be nuzzled a little. Together they traveled the west,…


ANC favors state ownership of mineral rights

South African President Nelson Mandela’s ruling African National Congress (ANC) has called for state ownership to replace private control of the country’s mineral rights. South Africa is currently the…




Gold Funds (December 12, 1994)

BGR Central Net Value $17.07 $6.50 Price $13.63 6.50 Discount 20.19% Premium 1.7% Value $136,557,000 $117,645,450…


Westmin intersects new zones

At its Myra Falls operation near Campbell River, B.C., Westmin Resources (TSE) is discovering that two mineralized zones are better than one. Surface diamond drilling aimed at testing the western exte…


METAL PRICES — FREE MARKET (December 12, 1994)

London Metal Exchange Spot closing prices in $US per tonne Date Dec. 6 Dec. 5 Dec.2 Dec. 1 Nov. 30 Copper 2912-2913 2938-2940 2984-2985 2948-2950 2955-2958 Lead 630-631 637-638 652-654 637-638 636.5-6…


Producer Prices (December 12, 1994)

ALUMINUM: MW U.S. market US95.5 cents-96.5 per lb. (Nov. 24, 1994). ANTIMONY: MW New York dealer US$1.95-2.25 per lb. (Nov. 24, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)….


Spot prices at a glance (December 12, 1994)

Week’s Price (US) Change Gold* $379.80 – $2.55 Silver* $4.69 – $0.39 Platinum* $403.90 – $5.70 Nickel** $4.02 + $0.38 Lead** $0.28 – $0.01 Copper $1.32 – $0.04 Zinc $0.50 – $0.01 Courtesy of Scotiaban…


Exploration efforts pick up steam in Argentine camp

A volcanogenic massive sulphide prospect in Argentina’s Tierra del Fuego district appears to have captured the interest of Noranda Minerals. The company, a unit of Noranda (TSE), has secured rights to…


William offers $3m for Velardena stake

Montreal-listed William Resources intends to acquire a 40% interest in BLM Minera Mexican. The acquisition would result in William owning 80% of BLM Minera and the Velardena silver-gold project in Mex…


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