GOLD FUNDS (September 18, 1995)
Gold Funds as of September 7BGRCentralNet Value$17.89$6.53Price$13.75$6.500Discount23.16%0.5%Value$139,906,000$117,645,450…
News
OBITUARY — Charles Tanner
Charles Tanner, president and founder of CJT Surplus Equipment, died on Sept. 3, at his home in Ottawa, Ont.Mr. Tanner was well-known in the Canadian mining industry. For more than 25 years, he helped…
PRODUCER PRICES (September 18, 1995)
ALUMINUM: MW U.S. market US85 cents-86 cents per lb. (September 1, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$3.75-3.85 per lb. (August 24, …
Hemlo Gold, Steelworkers come to terms
A memorandum of agreement between Hemlo Gold Mines (TSE) and Local 9364 of the United Steelworkers of America was to have been voted on by the membership on Sept. 17.The 223 members of the local have …
Worldwide exploration spending on the rise
A recent study of worldwide nonferrous exploration budgets shows that exploration spending has increased for the second year in a row.Metals Economic Group’s latest study says budgets totaled US$2.05 …
ODDS’N’SODS — Jack Elliot, flying ace
Jack V. Elliot Ltd. Air Service of Hamilton, Ont., operated the first commercial air service to Red Lake during the gold rush of 1926.Elliot, an outstanding pioneer aviator, started the first automobi…
Noranda completes bid for Brunswick Mining & Smelting
A bid to acquire the minority shares of lead-zinc producer Brunswick Mining & Smelting (TSE) by Noranda (TSE) has closed successfully, and 99.4% of Brunswick’s outstanding shares are now owned or tend…
Mineral processing to be highlighted at conference
Milling experts from around the world will convene in San Francisco next month for the 19th International Mineral Processing Congress.Sponsored by the Society for Mining, Metallurgy & Exploration, the…
Scotiabank commodity price index surges
The Bank of Nova Scotia’s commodity price index climbed by 4.3% in July to a level 12% higher than a year earlier.The gain is partly attributed to the metal and mineral index, which was itself fueled …
METAL PRICES — FREE MARKET (September 18, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateSept. 12 Sept. 11Sept. 8 Sept. 7 Sept. 6Copper2941-2946 2937-29422928-29312955-29562984-2985Lead600-601 595.5-596.5590.5-591.5 …
Spot prices at a glance (September 18, 1995)
Wednesday, September 13, 1995Week’sPrice (US)ChangeGold*$385.40+$6.40Silver*$ 5.54+$0.33Platinum*$438.75+$13.60Nickel**$ 3.83+$0.02Lead**$ 0.27$0.00Copper $ 1.30-$0.05Zinca…
TSE SHORT POSITIONS (September 18, 1995)
Short positions outstanding at August 31, 1995.Larger individual positions included: Barrick Gold 5,160,773; Agnico-Eagle 143,330; Archer Res. 160,000; Anderson Expl. 315,500; Bema Gold 1,726,900; Cal…