METAL PRICES — FREE MARKET (April 17, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date April 11 April 10 April 7 April 6 April 5 Copper 2954-2955 2962-2963 2959-2960 2932-2933 2950-2951 Lead 602.5-603.5 600-601 602-603 597-…
News
Spot prices at a glance (April 17, 1995)
Week’s Price (US) Change Gold* $389.80 – $2.70 Silver* $5.34 – $0.02 Platinum* $449.50 – $8.00 Nickel** $3.31 – $0.15 Lead** $0.27 $0.00 Copper $1.34 $0.00 Zinc $0.48 $0.00 Courtesy of Scotiabank. Inf…
Expanded program for Royal Gold
American junior Royal Gold (NASDAQ) will expand its grassroots exploration on lands owned by Union Pacific (NYSE). In an extension of the original agreement, the company will look for gold, silver, pl…
Agate to drill in Chile
Drilling is expected to begin soon at the Nancagua gold-silver project south of Santiago, Chile. Partners Agate Bay Resources (VSE) and Princeton Mining (TSE) plan to drill at least 1,000 metres in a …
NEWS IN BRIEF (April 17, 1995)
Metalline Resource (MTA:VSE) has changed its name to Direct Choice T.V. on a share-for-share basis.
Crystallex nears target at Albino
Gold production from the Albino mine in Venezuela has increased dramatically. The operation, situated in the Kilometre 88 region, cranked out 3,352 oz. in March — a whopping 73% increase over the pre…
Voisey Bay anomaly extended
A geophysical survey has identified another anomaly, some 4.5 km northwest of the Voisey Bay nickel-copper-cobalt project in Labrador. Diamond Fields Resources (TSE) says work is continuing in this ar…
Silver supply projected to stay in deficit position
New silver supplies are projected to fall short of fabrication demand again this year, with the deficit narrowing slightly to about 190.4 mil- lion oz. That is the word from research company CPM Group…
Memorial fund honors Jack White
A memorial fund has been set up by Commercial Testing & Engineering Co. of Illinois to honor a longtime employee, Jack White, who died in an airplane crash in 1994. The company has provided the initia…
PEOPLE — MORRISON KNUDSEN MINING GROUP
Steven Chi appointed president.
Cominco, Rio Amarillo test Bolivian silver projects
Partners Cominco Resources International (TSE) and Rio Amarillo (VSE) report that drilling is progressing on their Chachacomiri silver project near Potosi, Bolivia. Two diamond drill holes have been c…
Canmine hits zones at Fer play
Two mineralized zones have been encountered on Canmine Resources’ (ASE) wholly owned Fer property in northern Manitoba. One of the areas, known as the Point zone, contains precious metal mineralizatio…