The Mogollon mining district in southwestern New Mexico is one of those mining areas that always seems to be on the verge of a rebirth. Between 1885 and 1944, the district produced 2.1 million tons of…
Drills are turning on ground 1 km west of the Lightning zone in northeastern Ontario. The property is 40%-owned by Teddy Bear Valley Mines (CDN), 36% by Hemlo Gold Mines (TSE) and 24% by Freewest Reso…
Gold bullion closed strongly again this week, rising to US$377.15 per oz. Most of the senior gold shares, however, responded weakly. The exception was Franco Nevada. It gained $4.25 to close at $93 by…
Price (US) Week’s Change Gold* $377.15 + $7.05 Silver* $ 4.96 + $0.53 Platinum* $376.75 + $10.00 Nickel** $ 2.26 + $0.16 Lead** $ 0.20 + $0.01 Copper $ 0.76 + $0.02 Zinc $ 0.45 + $0.03 Courtesy of Sco…
A general lack of market-moving news left western indexes drifting over our report period ended Dec. 7. The Vancouver Stock Exchange resource index added 6.67 points to close at 1,536.73 while the bro…
Semi-monthly reports as of Nov 15, showed 78,877,144 shares of 800 issues compared with 76,562,043 shares of 792 issues on Oct 31. Larger individual positions included: Aber 123,100; Agnico-Eagle 214,…
— Week — Dec 7 Dec 6 Dec 3 Dec 2 Dec 1 High Low Composite “300”4265.48 4235.99 4239.36 4226.32 4220.37 4266.01 4218.31 Metals & Mnrls 3434.12 3298.70 3280.84 3291.72 3290.08 3435.21 3270.93 Integrat…
Reserves at the Portage and Copper Range mines at Chibougamau, Que., have doubled. MSV Resources (ME), which acquired the properties some nine months ago, reported minable reserves (as of Nov. 30) of …
Metal markets, though bloated with high production and inventories, continue to draw encouragement from consumption figures. Announcements of cutbacks and increased consumption are welcome but are not…
A mine development certificate has been awarded to Placer Dome (TSE) for its Mt. Milligan copper-gold project near Fort St. James, B.C. The certificate was awarded after a provincial and federal techn…
A private placement agreement between Royal Oak Mines (TSE) and Asia Minerals (VSE) is complete. Royal Oak bought 5.6 million shares of the company for $2 million and can buy an additional 5.6 million…
By selling its remaining oil and gas assets in Australia, Brenda Mines (TSE) hopes to add $1.9 million to cash reserves. As of June 30, 1993, Brenda had a cash position of more than $107 million. It i…
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