TSE INDICES (July 11, 1994)
— 1994 — Jul 5 Jul 4 Jul 1 June 30 Jun 29 High Low Composite”300″ 4053.56 4053.56 n/a 4025.25 4028.20 4609.93 3518.31 Metals&Minerals 3660.06 3637.87 n/a 3569.93 3562.25 3879.59 3273.56 Integrated M…
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PRODUCER PRICES (July 11, 1994)
ALUMINUM: MW U.S. market US69.5-70.5 cents per lb. (June 23, 1994). ANTIMONY: MW New York dealer US$1.60-1.80 per lb. (June 23, 1994). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993)…
Hedman signs Saudi marketing agreement
As part of its plan to develop export markets, Alberta-listed Hedman Resources has concluded a territorial agreement with Contemporary Trading Establishment (CTE), a Saudi Arabian agent. The agreement…
Gold-silver values at La Poposa
Junior Argentina Gold (VSE) has released final assay results from trenching on the Poposa property in San Juan, Argentina. In total, 1,800 chip samples were collected from the 11.8-km program, complet…
El Callao Mining confident of Lo Increible’s potential
Gold explorer El Callao Mining (VSE) is pleased with results to date from drilling on its Lo Increible No. 4 concession in Venezuela. The junior is earning up to a 70% interest in the property, which …
Goldcorp boosting production
With interests in three gold mines and plans to expand gold production, Goldcorp (TSE) has risen above the ranks of the juniors to achieve intermediate-size status. The increase in the company’s pro f…
BHP reports $1.3-billion profit
The largest company in Australia, BHP, enjoyed record net profits of A$1.3 billion (US$924 million) for the fiscal year ended May 31. The result was an increase of 29.6% over the previous year and a r…
NEWS ROUNDUP — Moneta arranges financing
Timmins, Ont.-based Moneta Porcupine Mines (TSE) has grossed $570,000 through two private placements. In one placement, privately owned Mattalex subscribed to 1 million shares at 24 cents each, to rai…
Granduc secures additional funds
An additional loan of $2.5 million will enable Granduc Mining (TSE) to finance its share of pre-development work on the Farley Lake gold deposit in Manitoba. Farley Lake is included in Granduc’s Keyst…
Spot prices at a glance (July 11, 1994)
Week’s Price (US) Change Gold* $385.75 – $0.05 Silver* $ 5.32 + $0.05 Platinum* $407.50 + $7.75 Nickel** $ 2.77 + $0.03 Lead** $ 0.26 + $0.02 Copper $ 1.12 + $0.06 Zinc $ 0.43 + $0.01 Courtesy of Scot…
Loki plans Brewery Creek startup
By next summer, Loki Gold (TSE) hopes to be in production at its Brewery Creek project near Dawson City, Y.T. Startup for an open-pit, heap-leach gold mine is scheduled for August, 1995, with planning…
OBITUARY — Donald Bourne
A former chief mine geologist at the Arthur White gold mine of Goldcorp (formerly Dickenson Mines) at Red Lake, Ont., Donald Bourne died recently in Toronto after a short illness. He served as chief g…