Taylor Rand plans work on Grant mine
With a comprehensive geological report now in hand, Taylor Rand is getting serious about exploring and developing properties it holds in southwestern Montana. Chief among those is the past-producing U…
News
METALS COMMENTARY — Prices rise, but metal stocks refuse to
Metals markets continue to confound analysts. Inventories are high and rising, yet, inexplicably, prices have bounced smartly off their recent lows. While the long-term outlook for most metals is good…
Hecla opens Mexican mine
The tequila was flowing as Mexican civil servants joined managers of Hecla Mining (NYSE) to cut the ribbon on La Choya, a new gold mine in Sonora state. Situated 30 miles south of the U.S. border, the…
NEWS ROUNDUP — Hughes Lang merger completed
An amalgamation involving Hughes Lang has been carried out. The Vancouver-listed company has merged with three Toronto-listed juniors: Orofino Resources, Nova-Cogesco Resources and Equity Reserve. The…
ODDS’N’SODS — The great diamond fraud of 1872 (1)
(The following 3-part story is compiled from contemporary accounts in the “Engineering and Mining Journal” and the “San Francisco Daily Evening Bulletin.”) It was 1870. The U.S. Civil War had been ove…
TSE INDICES (February 21, 1994)
— 1994 — Feb 15 Feb 14 Feb 11 Feb 10 Feb 9 High Low Composite”300″ 4414.44 4395.20 4405.60 4441.97 4463.17 4601.09 4286.54 Metals&Minerals 3632.31 3589.38 3609.36 3720.86 3802.10 3855.09 3495.59 In…
Review of Cinola planned by city
New management at City Resources (TSE) has decided that a previous feasibility study of the Cinola gold project is worth a second look. To that end, Chairman Ray Soper and President Robin Slaughter ha…
NEWS ROUNDUP — Giant Bay drops Montanore
Unable to meet certain conditions of a merger agreement with Montana Reserves, Giant Bay Resources (TSE) has opted to pull out. Montana Reserves holds a 5% net proceeds royalty on the Montanore copper…
Richmont buys stake in Louvem
Richmont Mines (ME) is expanding its presence in la belle province by acquiring an interest in Louvem Mines’ (TSE) properties near Val d’Or. The company bought 8 million common shares in Louvem from S…
Darnley Bay explores anomaly
Privately owned Darnley Bay Resources plans to raise $7 million to explore a coincident magnetitic and gravity anomaly on Darnley Bay, N.W.T. The anomaly is 70 km in diameter and was likely caused by …
PRODUCER PRICES (February 21, 1994)
ALUMINUM: MW U.S. market US59.50-62.00 cents per lb. (Feb. 3, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 199…
Record monthly trading by ME
The Montreal Exchange set a monthly record in January when $3.8 billion worth of shares changed hands. The general market portfolio index set a new daily record Jan. 19, which was eclipsed Feb. 1 when…