Canyon shows loss for the year
Colorado-based Canyon Resources (NASDAQ), as expected, reported a loss for 1994. The company, which expanded its international exploration and experienced a full year of interest expense on its conver…
News
Western Copper boosts Thermal stake
An additional private placement gives Western Copper Holdings (TSE) a total of 5.8 million shares of Thermal Exploration (ASE), or about 35.5% of its issued shares. The placement comprises 1.2 million…
METALS COMMENTARY — Metals return to fundamentals
Metal markets continued to show signs of recovery in March as supply-demand fundamentals regained prominence. Metal manufacturers throughout the Organization for Economic Co-operation and Development …
11 (April 10, 1995)
Explorer Mongolia Gold Resources (VSE) is negotiating to acquire a second property in the central Asian country. Previous work outlined a potentially open-pit resource of 27.5 million tons grading 0.0…
Lighter coins in the works as metals makeup to change
A change in the metals composition of coins in circulation in Canada, with the exception of the $1 loonie, is in the works. The Royal Canadian Mint plans to use nickel-plated steel for the 50-cent, 25…
Delaney addressing CIM luncheon
The chairman of Sherritt will talk about his company’s activities at the April 20 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum. Ian Delaney has been run…
Minieres du Nord outlines anomalies
Amos, Que.-based Explorations Minieres du Nord (ME) has outlined five induced-polarization anomalies on its Barry Twp. property. The property, situated in northwestern Quebec, is contiguous with, and …
Metal Prices — FREE MARKET (April 03, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Mar. 28 Mar. 27 Mar. 24 Mar. 23 Mar. 22 Copper 2946-2947 2967-2968 2970-2971 2963-2964 2955-2958 Lead 599-600 603-604 612-614 607-608 60…
PRODUCER PRICES (April 03, 1995)
ALUMINUM: MW U.S. market US86.5-87.5 cents per lb. (March 24, 1995). ANTIMONY: MW New York dealer US$2.30-2.40 per lb. (Feb. 16, 1995). BISMUTH: MW New York dealer US$3.75-3.90 per lb. (Feb. 24, 1995)…
Insider Trading — Trillion officers active
Two senior officers of Trillion Resources (TSE) completed share transactions in January. According to the Ontario Securities Commission’s OSC Bulletin, senior officer John Barclay was granted 30,000 o…
Princeton expands Elenita deposit
A drill program in northern Chile continues to expand the potential size of the Elenita oxide copper deposit. Owner Princeton Mining (TSE), which hopes to develop Elenita as an open-pit, solvent-extra…
LETTERS TO THE EDITOR — Diamond exploration scene could use
The recent convention, in Toronto, of the Prospectors and Developers Association of Canada was an example of what these gatherings are all about: exchanging ideas, dealing on properties and renewing o…