Spot prices at a glance (January 02, 1995)
Week’s Price (US) Change Gold* $381.80 – $0.70 Silver* $4.81 – $0.02 Platinum* $416.00 – $1.50 Nickel** $3.89 + $0.11 Lead** $0.29 $0.00 Copper $1.36 + $0.02 Zinc $0.51 + $0.01 Courtesy of Scotiabank….
News
STOCK MARKETS — TSE stages pre-Christmas rally
A pre-Christmas rally enabled the Toronto Stock Exchange to post a modest gain over the 3-day report period ended Dec. 27 (Canadian markets were closed on Dec. 26 and 27). The composite 300 index rose…
STOCK MARKETS — Murgor leads as western markets stage
With the bugaboo of tax-loss selling now past, western markets managed to rebound during the holiday-shortened period ended Dec. 27, 1994. The Vancouver Stock Exchange composite index added 22 points …
GOLD FUNDS (January 02, 1995)
Gold Funds as of Dec 26 BGR Central Net Value $17.04 $6.56 Price $13.75 $6.625 Discount 19.29% Premium 1% Value $134,772,000 $119,907,863…
Cdn. Reserve options platinum play in Ontario
Junior Canadian Reserve Gold (VSE) can earn a half interest in a 44-claim Tib Lake platinum property, 16 km west of North American Palladium’s (TSE) Roby zone. As consideration, Canadian Reserve will …
1994: A LOOK BACK — The events that led to . . .The making
Dominating mining news this past year was the dramatic battle for control of Lac Minerals which, until recently, was one of Canada’s — and the world’s — leading gold producers. The suspense-filled s…
Pandora expands Monterde ground
Partners Pandora Industries (VSE) and Mill City Gold (VSE) have added 720 acres to their Monterde mine property in Mexico’s Chihuahua state. The new ground covers the possible strike extension of gold…
NEWS IN BRIEF (January 02, 1995)
American Reserve Mining (AMI:VSE) has changed its name to AMI Resources (AMU:VSE) on a 1-new-for-16-old-share basis.
Summo placement
A private placement gives Summo Minerals (VSE) $3 million to fund a feasibility study of its Lisbon Valley copper oxide project in Utah. The placement includes 2.5 million units at $1.20 per unit. A u…
Royal outlines resource at Long Valley
At its Long Valley project in California, Royal Gold (NASDAQ) has outlined an indicated resource of 49.6 million tons averaging 0.018 oz. gold per ton. In the process of drilling 18 vertical and angle…
DIAMOND PAGE — Investors in diamond play experienced highs
The Great Canadian Diamond Play gave investors a heart-stopping ride in 1994. The rise to a speculative peak in the summer followed by the diamond market’s subsequent crash to its current depressed le…
1994: A LOOK BACK — Seven mines come on stream in ’94
Seven mines — four gold, one platinum group metals, one nickel and one base metal — achieved producer status in 1994. By far the largest of these is Louvicourt, co-owned by Aur Resources (TSE), Teck…