Trillion raises about $7.2 million
Alberta-listed Trillion Resources has issued more than 2 million warrants for gross proceeds of almost $7.2 million. Each special warrant, priced at $3.50, is redeemable for one Trillion common share …
News
All-North acquires Indonesian ground
Through the purchase of an Indonesian company, All-North Resources (VSE) has acquired a prospective concession within an emerging gold district on the island of Java, Indonesia. The Canadian junior is…
LAST BUT NOT LEAST — Fairfield chalks up earnings
Sales of about 13,000 oz. gold in 1993 netted Fairfield Minerals (TSE) an after-tax income of $1.59 million or about 24 cents per share. The production came from bulk sampling programs at the company’…
PEOPLE — TEAM RESOURCES
James Bond appointed president and director.
PRODUCER PRICES (April 25, 1994)
ALUMINUM: MW U.S. market US61.50-62.50 cents per lb. (April 7, 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, 19…
NEWS ROUNDUP — Echo Bay goes to U.S., Canadian markets
Toronto-listed Echo Bay Mines has filed a shelf registration that will allow it to sell up to $US200 million in debt and equity securities from time to time. In Canada, the company is filing one shelf…
Audrey gets financing for 1100 Lens project in Rouyn-Noranda
In addition to receiving a positive feasibility study for the 1100 Lens project near Rouyn-Noranda, Que., Audrey Resources (TSE) has obtained the necessary financing to reopen the Mobrun mine, which h…
Cominco Res. closes Mariquita deal
Cominco Resources International (TSE) has received US$2.5 million as partial payment for transferring its Mariquita copper deposit to Minera Maria, a Mexican company held 49% by Cominco and 51% by Emp…
Trenching completed on La Salle concession
Joint-venture partners VenCan Gold (ME) and Chesbar Resources (ME) have completed a total of six trenches across a gold anomaly on the La Salle concession. Results from the previously completed trench…
THE DIAMOND PAGE — Lytton reports bulk-sampling results from
Lytton Minerals (TSE) has released the long-awaited results of a “semi-bulk sample test” performed on its Ranch Lake kimberlite pipe in the Lac de Gras region of the Northwest Territories. The 28.45-t…
THE STOCK MARKETS — Gold’s fall squeezes resource index
A further drop in the price of gold, to the US$372.40-per-oz. level, was not welcome news for western markets during the week ended April 19. The slide brings the cumulative decline in the past month …
METAL PRICES — FREE MARKET (April 25, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date April 19 April 18 April 15 April 14 April 13 Copper 1871-1872.5 1865.5-1866.5 1863-1864 1863.5-1864.5 1885.5-1886.5 Lead 431.5-432.5 438…