STOCK MARKETS — TSE stalls as bank rate rises
A new 14-month high in the Bank of Canada rate appears to have put a damper on eastern financial markets. On May 3, the rate jumped by 20 basis points to 6.27%, the highest level since February of las…
Articles by Northern Miner Staff
NEWS IN BRIEF (May 09, 1994)
Consolidated Keld’or Resources (CKD:VSE) has changed its name to CKD Ventures on a 1-new-for-5-old-share basis.
Metal Prices — FREE MARKET (May 09, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date May 3 May 2 April 29 April 28 April 27 Copper 1947-1948 N/A 1936.5-1937.5 1913.5-1914.5 1895.5-1896.5 Lead 457-458 N/A 454-455 452.5-453…
Black Swan looks to SW Ecuador
Under an agreement with Minera Australiana Cia, Toronto-listed Black Swan Gold Mines can acquire a half interest in the Zaruma property in southwestern Ecuador. Between 1892 and 1950, South American D…
Potash Corp. boosts earnings in quarter
Higher potash sales and a weaker Canadian dollar helped Potash Corp. of Saskatchewan (TSE) record net income of $10.1 million for the first quarter, compared with $8 million for the same period last y…
Drilling increasing fortunes of La Fortuna
Drilling by San Fernando Mining (VSE) has increased both the strike and dip length of the established zone on La Fortuna, a gold-silver-copper project in Mexico’s Durango state. Work by previous opera…
LAST BUT NOT LEAST — EMF posts profit for fiscal 1993
The investment firm of European Mining Finance (EMF) is out of the red and into the black. The company, based in London, England, and registered in Bermuda, made a net profit of $751,175 in fiscal 199…
LAST BUT NOT LEAST — Kassan exploring Mexican projects
A $1.2-million exploration program is under way at the San Jose de Cobre project in Mexico’s Durango and Sinaloa states. Consolidated Kassan Resources (VSE) intends to evaluate several gold and polyme…
LAST BUT NOT LEAST — Pacific Rim drilling in Argentina
Geophysical and geochemical work is set to begin at the Diablillos gold-silver project in northwestern Argentina. Pacific Rim Mining (VSE), which can acquire the property, notes that it has never been…
Bre-X continues drilling Indonesian prospects
Having rebuffed several interested majors, Bre-X Minerals (ASE) intends to continue exploring and advancing several projects in Indonesia. A key project is the Busang prospect in East Kalimantan provi…
Challenger pursuing new acquisitions
Vancouver-listed Challenger Minerals is looking to expand its property holdings. The junior is evaluating a gold property in the Battle Mountain Trend of Nevada and several large gold projects in Burk…
Spot prices at a glance (May 09, 1994)
Week’s Price (US) Change Gold* $374.50 + $0.15 Silver* $ 5.21 + $0.04 Platinum* $396.75 + $3.95 Nickel** $ 2.53 + $0.15 Lead** $ 0.21 + $0.01 Copper $ 0.89 + $0.03 Zinc $ 0.42 + $0.01 Courtesy of Scot…