METAL PRICES — FREE MARKET (January 23, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 17 Jan. 16 Jan. 13 Jan. 12 Jan. 11 Copper 2973-2976 2983-2985 3028.5-3029.5 3013-3014 3009-3010 Lead 645-646 653-654 669.5-670.5 64…
News
Spot prices at a glance (January 23, 1995)
Week’s Price (US) Change Gold* $382.00 + $7.00 Silver* $4.90 + $0.22 Platinum* $418.25 + $8.75 Nickel** $4.46 + $0.19 Lead** $0.30 $0.00 Copper $1.38 + $0.01 Zinc $0.54 + $0.02 Courtesy of Scotiabank….
Noront buys ground adjoining N.B. find
Regulators are expected to approve Noront Resources’ (TSE) acquisition of 15 claims northwest of Bathurst, N.B. The property adjoins ground held by Hendricks Minerals Canada (CDN), on which sulphide-r…
INSIDER TRADING — Caledonia execs sell shares
Three senior officers of Caledonia Mining (TSE) exercised options and sold shares in November. According to the Ontario Securities Commission’s OSC Bulletin, senior officer and director Frederick Harv…
Drilling tests copper-cobalt targets in Mexico
Drilling on Copperstone Resources’ (VSE) Purgatorio concession in Mexico has confirmed the continuity of sediment-hosted copper-cobalt mineralization. The concession, situated north of Santa Rosalia i…
MacDonald cuts gold in Cuba
Diamond drilling has encountered high-grade, parallel mineralized zones at the Florencia Sector gold deposit near Camaguey, Cuba, reports project operator MacDonald Mines Exploration (CDN). Last fall,…
Developments at Barrick, Noranda
Senior gold producer American Barrick Resources (TSE), which recently changed its name to Barrick Gold Corp., has announced that the planned sale of four gold properties — the Macassa and Golden Patr…
PEOPLE — CANADA TUNGSTEN
James Gill appointed president and chief executive officer; Wayne Lenton appointed chairman; Howard Stockford appointed vice-president of exploration; and David Libby appointed vice-president of minin…
Caledonia in Scotland
An agreement has been signed enabling Caledonia Mining (TSE) to acquire Scottish-based gold explorer Fynegold Exploration for US$4.25 million plus 500,000 Caledonia shares. Fynegold holds licences and…
NEWS IN BRIEF (January 23, 1995)
Noramco Mining (NNN:VSE) has changed its name to Quest Capital on a share-for-share basis.
PRODUCER PRICES (January 23, 1995)
ALUMINUM: MW U.S. market US93.5 cents-94.5 per lb. (Dec. 30, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.10 per lb. (Dec. 23, 1994). …
Goldcorp buys an interest in Britannia
In addition to buying an interest in Britannia Gold (TSE), Toronto-listed Goldcorp will acquire the right to joint-venture ground held by Britannia’s subsidiary. Goldcorp will buy 812,500 Britannia un…