New discovery at Aldebaran
Trenching on the Aldebaran property in Chile has outlined a new zone of gold mineralization for Arizona Star Resource (VSE) and Bema Gold (TSE). The former has a 51% interest in the property while the…
News
METALS COMMENTARY — Bull market for metals takes breather
All is not well in metal markets. Behind the wall of strong worldwide demand, conflicts are developing as physical and financial sectors diverge. After the the latest surge in exchange worries and the…
STOCK MARKETS — Looming federal budget overhangs jittery
Fears over what the upcoming federal budget holds in store kept investors on the sidelines and led the Toronto Stock Exchange to post a modest loss for the 5-day report period ended Feb. 21. The compo…
METAL PRICES — FREE MARKET (February 27, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Feb. 21 Feb. 20 Feb. 17 Feb. 16 Feb. 15 Copper 2884-2885 2880-2881 2887-2889 2886.5-2887.5 2811-2812 Lead 583-584 581-583 573-574 572-57…
PRODUCER PRICES (February 27, 1995)
ALUMINUM: MW U.S. market US94.5-96.5 cents per lb. (Feb. 3, 1995). ANTIMONY: MW New York dealer US$2.40-2.50 per lb. (Jan. 27, 1995). BISMUTH: MW New York dealer US$3.80-4.00 per lb. (Jan. 20, 1995). …
STOCK MARKETS — Gold’s stability fails to revive ailing VSE
Western markets remain on the critical list, with the Vancouver Stock Exchange’s composite index limping along at the 700 level, down more than 12 points during the report period ended Feb. 21. Gold’s…
Eastmain plans drill programs
An agreement with its project partner gives Eastmain Resources (CDN) a 100% interest in two exploration permits and 149 claims within the Eastmain River Greenstone Belt in northwestern Quebec. The jun…
War Eagle drills La Fortuna
Reverse-circulation drilling on the Mexican silver-gold project La Fortuna has identified two mineralized zones, the Central and the Northwest. War Eagle Mining (VSE) drilled 29 holes totalling 8,750 …
Aur to drill Lithos prospects
Limited drilling is planned for a pair of Lithos (ME) properties in the Joutel base metal camp of northwestern Quebec. Aur Resources (TSE) has budgeted $150,000 for two holes on the Charbon property a…
Pan American adds to silver holdings
Toronto-listed Pan American Minerals is expanding its silver interests by purchasing a minority interest in Compania Minera Las Torras from a subsidiary of Homestake Mining (NYSE). The Mexican company…
Lower earnings for FMC Gold
New York-listed FMC Gold reported net income of US$600,000 for the recent fourth quarter, down $2.5 million from the same period last year. The closure of the Paradise Peak mill in Nevada and the Roya…
Falco results signal turnaround
Higher nickel prices and increased output enabled Falconbridge (TSE) to post solid results for both the fourth quarter and the past year. For the quarter, the company earned $81.4 million (or 46 cents…