BGR increases net asset value
Year-end results for 1993 were reported by BGR Precious Metals (TSE), a closed-end investment firm specializing in precious metals investments. BGR had an increase in net assets to $93.5 million for t…
1994
STOCK MARKETS — Market uncertainty shaves 20 points off
Continuing uncertainty on major markets combined with a US$6-per-oz. drop in the price of gold to the US$378 level left the Vancouver Stock Exchange resource index down over 20 points at 1,793.13. The…
NEWS ROUNDUP — FMC investing in lithium play
A lithium carbonate project in Argentina will benefit from an investment worth US$45-$100 million. FMC Lithium, formerly Lithco, recently announced its investment decision after signing a revised cont…
NEWS ROUNDUP — GeoNova options Serem ground
An agreement has been reached between GeoNova Explorations (VSE) and Serem Quebec that will enable GeoNova to acquire a 60% undivided interest in 59 claims held by Serem in northwestern Quebec. The pr…
Spot prices at a glance (April 18, 1994)
Week’s Price (US) Change Gold* $379.20 – $5.90 Silver* $ 5.34 – $0.19 Platinum* $398.75 – $9.00 Nickel** $ 2.52 + $0.03 Lead** $ 0.21 + $0.01 Copper $ 0.85 $0.00 Zinc $ 0.43 + $0.01 Courtesy of Scotia…
Mapping school for Laurentian
The geology department of Laurentian University in Sudbury, Ont., and the Ontario Geological Society (OGS) will establish a co-operative graduate Mapping School program. The program is intended to tra…
STOCK MARKETS — Money markets improve, but gold and metals
Money markets continued to improve during the week, but declines in the metals and minerals and gold subgroups lead to a drop in the composite index. On April 12, the central bank rate tumbled 37 basi…
South Australia invites exploration
An increase in exploration in South Australia has prompted that state’s government to commit funds for a further work program. About A$1 million of the A$5-million program will finance airborne geophy…
Onshore, Minorco to drill Irish play
Partners Onshore Resources and Minorco are continuing their search for base metals on a 650-sq.-km property in central Ireland. The property is on a major structural trend which extends southwestwards…
Copper doldrums force Crew to drop Red Dog project
The poor price of copper has prompted Crew Natural Resources (VSE) to drop its interest in the Red Dog copper-gold project on northern Vancouver Island. The decison was also influenced by BHP Minerals…
LATIN AMERICAN SPECIAL — Free-trade pacts popular throughout
Free-trade agreements are catching on across Latin America. Mexico, Colombia and Venezuela have been negotiating a trading zone which, once in place, could attract new members such as Peru, Bolivia an…
LATIN AMERICAN SPECIAL — Colombia attracts Canadian miners
Long known as one of the world’s leading emerald producers, Colombia is now emerging as a location for renewed gold exploration. This is due to two factors: one is that little of the country has been …