METAL PRICES (November 14, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 8 Nov. 7 Nov. 4 Nov. 3 Nov. 2 Copper 2707-2711 2710-2711 2734-2735 2754-2755 2712-2714 Lead 667-668 668.5-669.5 672.5-673.5 674.5-6…
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Spot prices at a glance (November 14, 1994)
Week’s Price (US) Change Gold* $384.35 + $0.50 Silver* $5.20 – $0.08 Platinum* $411.00 – $7.00 Nickel** $3.37 – $0.02 Lead** $0.30 $0.00 Copper $1.23 + $0.03 Zinc $0.52 + $0.02 Courtesy of Scotiabank….
STOCK MARKETS — Low indexes cancel out near-record earnings
Year-to-date financings on the Vancouver Stock Exchange reached $1.1 billion, the highest level since the bull market of 1987, which raised $1.4 billion. Both the composite and resource indexes reache…
Bolivar drills Tomi in Venezuela
Junior Bolivar Goldfields (VSE) has completed a second phase of reverse-circulation drilling on the Tomi concession in Venezuela’s Bolivar state. The 3,800-metre program identified two new mineralized…
Gibraltar to buy Chilean project
Toronto-listed Gibraltar Mines has opted to buy the Lomas Bayas copper property in Chile for US$14 million. The company will assume a royalty on copper production of US2 cents per lb., capped at US$3….
Chase expands Philippine assets
Junior Chase Resource (TSE) hopes to expand its Philippine assets by acquiring an 85% interest in Bai Saripinang Mining. Chase can acquire an initial 40% by paying US$5,000 plus a US$1,000 option fee …
Int’l Platinum resumes trading
After several months of inactivity, shares of International Platinum (IPC) have resumed trading on the National Association of Securities Dealers Automated Quotation (NASDAQ). However, owing to what t…
BHP comes to Roost in Arizona
A US $25,000 second option payment will be made by BHP Minerals International to Excellon Resources (VSE) and MVP Capital (TSE) on their jointly owned Robber’s Roost copper project near Tombstone, Ari…
Cominco buys zinc refinery
By purchasing an interest in a Peruvian refinery, Cominco (TSE) has boosted its zinc-producing capacity. The company has acquired 83% of the shares of the Peruvian company that owns the Cajamarquilla …
Golden News explores project
Underground channel sampling from turn-of-the-century mine workings on the San Antonio gold property in Mexico’s Sonora state has uncovered a new mineralized zone. Golden News Resources (TSE) reports …
Westmin explores Dragon property
Toronto-listed Westmin Resources will continue to explore the Dragon property on Vancouver Island, B.C., under the terms of a previously negotiated option-joint venture agreement with Doromin Resource…
Greenstone in Honduras
Toronto-listed Greenstone Resources has opted to buy a 51% stake in the private Honduran company that controls the San Andres gold project in western Honduras. As consideration, Greenstone will issue …