Spot prices at a glance (September 12, 1994)
Week’s Price (US) Change Gold* $388.40 + $2.15 Silver* $ 5.51 + $0.15 Platinum* $419.75 + $7.75 Nickel** $ 2.79 $0.00 Lead** $ 0.27 $0.00 Copper $ 1.12 – $0.01 Zinc $ 0.44 $0.00 Courtesy of Scotiabank…
News
Nelson earning interest in Tajikistan gold venture
Bermuda-based Nelson Trade & Finance (TSE) will acquire Commonwealth & British Minerals, which is involved in a gold-mining joint venture with the Tajikistan government. Nelson already has a 20% stake…
Stratmin gets stake in Applied Carbon
Graphite producer Stratmin (ME) will buy 52% of the issued and outstanding shares of Applied Carbon Technology (TSE), its main competitor in North America. Applied Carbon’s main assets are a blending …
Miramar drilling tests Con shear extension
Drilling on the downdip extension of the Con shear at the Con mine near Yellowknife, N.W.T., has intersected gold mineralization 500 ft. below the deepest workings. Miramar Mining (TSE), owner of the …
NEWS IN BRIEF (September 12, 1994)
CanCapital Corporation (CJC:VSE) has changed its name to Prada Holdings Ltd. on a 1-new-sh-for-4-old-shs basis.
ODDS’N’SODS — The serendipity deposit (2)
Editor’s note: We conclude the story of the discovery of a celestite (strontium sulphate) deposit in Cape Breton in the 1960s. “R.P.M.” refers to R.P. Mills and “Harry” is J.H. Morgan. Harry asked me …
METALS COMMENTARY — Investors find metals to their liking
Metals markets opened in September on a higher note as continued strong physical demand finally sent short sellers running for cover as optimistic investors stormed into most metals. Ignoring the good…
Reading our stock trading tables (September 12, 1994)
A comprehensive listing of weekly stock quotations for mining securities is provided by The Northern Miner. To assist readers who often know the name of the stock but not the exchange on which it trad…
Echo Bay directors adopt rights protection plan
The directors of Echo Bay Mines (TSE) have adopted a shareholders’ rights protection plan, or “poison pill.” The plan can be enacted if any person or group acquires more than 20% of the company’s comm…
Cameco plant sets safety record
The Port Hope, Ont., conversion operation belonging to uranium producer Cameco reached a safety milestone on Sept. 2 by recording one year without a lost-time accident. A lost-time injury is one in wh…
Ramrod drilling tests Matthews gold property
Junior Consolidated Ramrod Gold (TSE) has released more results from an ongoing drill program at the Matthews property in the Wenatchee district of eastern Washington state. The company controls prope…
PEOPLE — HYCROFT RES.
David Birkenshaw appointed director.