PRODUCER PRICES (May 23, 1994)
ALUMINUM: MW U.S. market US62.00-64.00 cents per lb. (May 5, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993…
News
Red Rock expansion nearing completion at Goldfield project
Expansion of the Goldfield project in Nevada is proceeding on schedule, with completion expected by June. Heap-leach operations are being upgraded to process up to 80,000 tons of ore per month. It is …
Geoscientists focus on acid mine drainage
With the addition, in recent years, of hydrogeology and environmental geology, the Earth Science Department of the University of Waterloo has become the largest such department in Canada. It is only f…
LAST BUT NOT LEAST — Holmer options 5 Cuban concessions
In Cuba, Holmer Gold Mines (ASE) has optioned five additional concessions totaling 1,730 sq. km. Four of the concessions, comprising 1,318 sq. km, are in the Pinar del Rio camp of western Cuba. Holmer…
LAST BUT NOT LEAST — Keylock exploring Slovakian gold bet
Two gold- and silver-bearing structures are being evaluated on Keylock Resources’ (ASE) concession in Slovakia. The concession is in the centre of a large Tertiary-aged cauldera which has a history of…
Barrick’s Goldstrike granted patents
The U.S. subsidiary of American Barrick Resources (TSE) has been granted patents giving it full title and ownership of the Goldstrike property in Nevada. To date, the company has contributed $1 billio…
William drilling at Delestre
Drillers have intersected massive sulphides at the Delestre gold property northeast of Senneterre, Que. A section from one of the four holes cut 1.5 metres grading 3.2 grams gold per tonne at a depth …
STOCK MARKETS — Copper surge fails to ignite western
A surge in major markets in central Canada failed to spill over into western markets during the report period ended May 17. The Vancouver Stock Exchange composite index recorded a 16.51-point drop to …
GOLD FUNDS (May 23, 1994)
BGR Central Net Value $16.87 $6.82 Price $15.13 $7.250 Premium 6.3% Discount 10.34% Value $137,064,000 $131,219,925…
TORONTO STOCK EXCHANGE INDICES (May 23, 1994)
Composite “300” 4269.15 4208.28 4175.35 4162.52 4168.21 4609.93 3518.31 Metals & Mnls 3702.03 3619.61 3528.10 3457.06 3455.34 3879.59 3273.56 Integrated Mines3911.28 3812.68 3693.87 3609.09 3603.38 40…
PEOPLE — INTERNATIONAL HOMESTEAD
Ross Macdonald and Evangelos Catevatis elected directors; Patrick O’Brien appointed chairman.
PEOPLE — CONSOLIDATED KASSAN
Duncan McIvor appointed president and chief executive officer.