Inco debenture offering grows
The size of a debenture offering (T.N.M., June 27/94) being made by Inco (TSE) in the U.S. has grown to US$172.5 million from US$150 million. Underwriter Morgan Stanley has exercised its option to buy…
News
STOCK MARKETS — Vancouver juniors suffer market malaise
Western markets continued to notch down after last week’s brief pause. The Vancouver Stock Exchange composite index dipped 16.3 points to 930.85 while the resource index closed the week off 26.13 poin…
METAL PRICES — FREE MARKET (July 18, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date July 12 July 11 July 8 June 7 July 6 Copper 2431-2432 2426.5-2428.5 2448-2449 2377-2378 2460-2461 Lead 581.5-582.5 584.5-585.5 581-582 5…
High taxes, land-tenure uncertainty stunts B.C. mining
High taxation levels and uncertainty surrounding access to land and mineral tenure are stunting the growth of British Columbia’s mining industry, according to a report by Price Waterhouse. For each of…
Pangea outlines targets in Tanzania
Pangea Goldfields (CDN) has outlined several significant soil geochemical anomalies on the Bulyanhulu South gold property in Tanzania’s Lake Victoria gold field. Values of up to 9 grams per tonne were…
Drilling confirms Armada results
Drill results from Armada Gold’s (ASE) Baley Tailings gold project in the Chita region of eastern Siberia have confirmed earlier estimates. Tweny-nine holes were drilled to test the two tailings dams …
STOCK MARKETS — TSE continues to gain some ground
With Parliament in summer recess and worries about Quebec on hold for the time being, the TSE continued its mid-summer rally this past week. On July 12, the 300 index jumped 27.78 points to close the …
TORONTO STOCK EXCHANGE INDCES
— 1994 — Jul 12 Jul 11 Jul 8 Jul 7 Jul 6 High Low Composite”300″ 4131.72 4103.94 4098.98 4079.87 4043.37 4609.93 3518.31 TSE 100 Index 249.83 248.21 247.96 246.78 244.28 277.47 238.43 Metals&Mineral…
Blue Emerald gets B.C. opal property
A Toronto-based junior has acquired a 108-claim opal property in the Vernon area of British Columbia. In return, Blue Emerald Resources (VSE) must issue the vendors 100,000 shares and pay $60,000 cash…
Madsen raises financing for past producer in Red L.
Madsen Gold (TSE) has completed a previously announced $1.2-million private placement. It has also applied for, and expects to receive, a $300,000 grant from the Northern Ontario Heritage Fund, bringi…
Newhawk, Granduc plan Bruceside exploration work
Field work is expected to begin shortly at the Bruceside portion of the Sulphurets property near Stewart, B.C. Newhawk Gold Mines (TSE) and Granduc Mines (TSE) — 60-40 owners, respectively — plan to…
METALS COMMENTARY — Scrap leads pack as recovery continues
The fast pace of economic activity during the first half of 1994 looks set to continue at least for the balance of the year. In ferrous markets, integrated steel producers are taking all available iro…