COMMENTARY — The growing demand for nickel
In its weekly “Metals” report, Billiton Metals comments on the nickel market and the metal’s recent wide trading band and price rebound: Speculative activity was partly responsible for nickel’s renewe…
News
STOCK MARKETS — Rising U.S. interest rates hinder TSE
Two factors helped drag the Toronto Stock Exchange lower over the 5-day report period ended Nov. 15: a falling Canadian dollar and rising Canadian interest rates in the wake of a recent decision by th…
STOCK MARKETS — Western markets consolidate as indexes drop
Western markets continued to consolidate during the report period ended Nov. 15, with both the Vancouver Stock Exchange resource and composite indexes touching new lows for the year. The composite ind…
American Gem, Teck form alliance
Vancouver-based Teck (TSE) has gained the right to participate in future joint ventures with American Gem (TSE). In addition, Teck agreed to buy 1 million shares of American Gem at $5 per share and, i…
More copper-gold at Lorraine property
Drilling on the Lorraine property in north-central British Columbia continues to return copper-gold intersections. Lysander Gold (VSE) is acquiring a 100% interest by spending $100,000 and issuing 200…
LETTERS TO THE EDITOR — International coverage overshadows
I have been a reader of The Northern Miner since 1928 in Cobalt, Ont., and never thought I would ever see the day when an entire front page (T.N.M., Oct. 31/94) covered only stories of out-of-country …
METALS COMMENTARY — Action brisk for base metal markets
Base metal markets are brisk in all respects. Smelters and refineries are running flat out, constrained only by their ability to acquire mine feed, and all publicly traded metal prices surged upwards …
Sunshine posts reduced loss
Higher silver prices, and consequently higher revenue, helped Sunshine Mining (NYSE) reduce the loss posted for the third quarter of 1994. The company had a net loss of US$2.9 million on revenue of US…
THE DIAMOND PAGE — United Reef expands holdings in Central
Exploration sampling on United Reef’s (TSE) Bamingui River property in the Central African Republic has significantly expanded the resource of diamond-bearing gravels that were outlined in 1993. Since…
Metal Prices — London Metal Exchange (November 21, 1994)
Spot closing prices in $US per tonne Date Nov 15 Nov 14 Nov 11 Nov 10 Nov 9 Copper 2772-2773 2781-2782 2725-2726 2695-2697 2672-2673 Lead 672-673 666.5-667.5 664-665 667-668 664-665 Zinc 1164-1165 116…
Armada financing Siberian work
Alberta-listed Armada Gold has closed the first of a 2-staged financing, with gross proceeds exceeding $2.1 million. The company issued more than 4.2 million shares priced at 50 cents each in the firs…
Toronto Stock Exchange Indices (November 21, 1994)
— 1994 — Nov 15 Nov 14 Nov 11 Nov 10 Nov 9 High Low Composite”300″ 4168.92 4177.19 4170.68 4179.19 4191.38 4609.93 3518.31 Metals&Minerals 3953.87 3949.45 3906.09 3901.51 3923.05 4289.04 3273.56 Int…