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…
1994
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…
ODDS’N’SODS — An outstanding exploration team
They had been commissioned by the syndicate formed by Karl Springer and “Doc” Kidd to prospect and explore for gold and silver in the Coast Range Mountains, north of Stewart, B.C., in the summer of 19…
EDITORIAL PAGE — Qualifications please
“It’s no secret that the mining industry hasn’t been very forceful in pointing out its contribution to our economic well-being.” So says federal Natural Resources Minister Anne McLellan. There is some…
Spot prices at a glance (March 14, 1994)
Week’s Price (US) Change Gold* $376.25 $0.20 Silver* $375.26 + $0.02 Platinum* $392.00 + $1.75 Nickel** $372.46 $0.13 Lead** $370.20 $0.00 Copper $370.86 + $0.02 Zinc $370.42 $0.01 Courtesy of Scotiab…
Production under way at Lac des Isles project
It has been explored since the early 1970s and suffered several delays at the permitting stage, but Canada’s first platinum group metals (PGM) mine is finally up and running. Situated 60 miles northwe…
Metal Prices — FREE MARKET (March 14, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Mar. 8 Mar. 7 Mar. 4 Mar. 3 Mar. 2 Coppr1900.50-1901.50 1897-1898 1901-1902 1873-1874 1849-1850 Lead 431-432 442.50-443.00 441.50-442.50…
Espalau to acquire Bachelor Lake shares
Debt-heavy Bachelor Lake Gold Mines (ME) will be taken over by Espalau (ME). Under an agreement, Espalau will acquire all of the issued and outstanding shares of Bachelor Lake, as well as Bachelor’s o…
Ariel No. 1 gold producer in Costa Rica
With the Matapalo mill approaching its 300-ton-per-day capacity, Ariel Resources (VSE) is Costa Rica’s largest gold producer. The company produced 9,413 oz. in the fiscal year ended Sept. 30, 1993, an…
Noranda hits zinc near Timmins
The exploration division of Noranda (TSE) has encountered additional base metal mineralization at the Fox-Stimson property near Timmins, Ont. Property vendor Cross Lake Minerals (VSE) reports three ho…