EDITORIAL PAGE — The necessity of going global
To remain a force in this business, a gold mining company must face the relentless challenge of replacing the reserves it mines. The task is especially daunting for majors that surpass the production …
News
STOCK MARKETS — TSE composite index climbs, gold price
The Toronto Stock Exchange composite 300 index managed an almost 70-point gain during the 5-day period ended Aug. 30, closing at 4333.71. During the period, gold climbed $3.65 to close in London at US…
PRODUCER PRICES (September 05, 1994)
ALUMINUM: MW U.S. market US71.5-72.5 cents per lb. (Aug. 25, 1994). ANTIMONY: MW New York dealer US$2.35-2.50 per lb. (July 21, 1994). BISMUTH: MW New York dealer US$3.75-4.25 per lb. (July 28, 1993)….
COMMENTARY — Managing the uncertainties
The copper industry cannot be called the master of its fate. To a great extent we’re at the mercy of forces over which we have little control, such as the world economy and political situations in ind…
Pan American acquiring silver project in Mexico
An agreement to acquire the Pedernalillo tailings project in Zacatecas, Mexico, gives Pan American Minerals (TSE) another potential silver producer. The purchase price was not released, although Presi…
Commodity index in seasonal decline
Commodity prices drifted seasonally lower in early summer and helped to pull down the Bank of Nova Scotia’s commodity price index by 2% in July. Gains in the metal-and-mineral and oil-and-gas sub-inde…
TSE INDICES (September 05, 1994)
— 1994 — Aug 30 Aug 29 Aug 26 Aug 25 Aug 24 High Low Composite”300″ 4333.71 4332.43 4304.43 4257.00 4263.73 4609.93 3518.31 Metals&Minerals 4048.35 4050.15 4065.10 3953.90 3979.97 4087.94 3273.56 In…
Spot prices at a glance (September 05, 1994)
Week’s Price (US) Change Gold* $386.25 + $3.65 Silver* $ 5.36 + $0.15 Platinum* $412.00 + $0.25 Nickel** $ 2.79 + $0.13 Lead** $ 0.27 + $0.01 Copper $ 1.13 + $0.04 Zinc $ 0.44 + $0.01 Courtesy of Scot…
INSIDER TRADING — Thunderwood officers buy shares in July
Two senior officers of Thunderwood Resources (TSE) bought shares in July. According to the Ontario Securities Commission’s OSC Bulletin, senior officer and director James Gill bought 285,714 shares at…
Greenstone bullish on La Libertad
During the past two years, Greenstone Resources (TSE) has been negotiating to secure a position in a producing gold mine within a prospective mineral district of Nicaragua. These negotiations came to …
PEOPLE — CONS CANADIAN
Hari Varshney appointed president; Harvey Gould and Raj Chowdhry appointed directors.
PEOPLE — SOLITARIO RES.
Walter Hunt appointed vice-president of operations.