Sherritt concludes Cuban nickel deal
Metal refiner Sherritt (TSE) and Cuban state-owned General Nickel Co. have entered into a 50-50 joint venture to mine, refine and market cobalt and nickel. Cuba has granted the joint venture mining co…
News
EDITORIAL PAGE — What’s ahead for cobalt?
The recent increase in cobalt prices to more than US$26 per lb. is good news for producers, some of whom have already responded to current tightness by expanding production. And further down the road,…
Echo Bay gives nod to Lamefoot deposit
A new gold deposit is set to come on stream for senior gold producer Echo Bay Mines (TSE). The Lamefoot deposit is the latest in a string of five deposits to be put into production at the Kettle River…
NASDAQ moves on improvements
Under investigation by the U.S. Justice Department and the Securities and Exchange Commission (SEC) for allegedly fixing prices and other abuses, NASDAQ (National Association of Securities Dealers Aut…
BHP enhancing Tanzanian deposit
A second hole drilled near the Kabanga nickel-cobalt deposit in northwestern Tanzania has confirmed the potential for a significant new zone. BHP Minerals reports that Hole 43 intersected an estimated…
Adex tests Blackheart zone
As part of its option to earn a 60% interest in the Potts Falls gold project in Guyana, Adex Mining (TSE) has performed surface exploration on the Blackheart zone. Infill and deep auger sampling have …
PEOPLE — LORICA RES. — Jaime Araoz, Jorge Bedoya and
A 198.9-kg drill sample from Aber Resources’ (TSE) Diavik project in the Northwest Territories has yielded 150 microdiamonds and 99 macros. The hole, A154-9, was drilled into the southern kimberlite p…
ODDS’N’SODS — Ed and the dirty jackass
Ed and his burro, Millie, got along pretty well. Ed knew when Millie was tired and wanted water. Millie knew when Ed was discouraged and needed to be nuzzled a little. Together they traveled the west,…
ANC favors state ownership of mineral rights
South African President Nelson Mandela’s ruling African National Congress (ANC) has called for state ownership to replace private control of the country’s mineral rights. South Africa is currently the…
STOCK MARKETS — Lower gold price helps drag down TSE
A sagging gold price helped drag the TSE lower over the 5-day report period ended Dec. 6. The composite 300 index dropped 24.28 points to close at 4,079.44. The gold and precious metals sub-group lost…
STOCK MARKETS — Composite index continues downward slide
The Vancouver Stock Exchange composite and resource indexes continued their downslide for the report period ended Dec.6. The former fell 17.64 points to close at 737.84, while the latter finished at 1…
Gold Funds (December 12, 1994)
BGR Central Net Value $17.07 $6.50 Price $13.63 6.50 Discount 20.19% Premium 1.7% Value $136,557,000 $117,645,450…