Spot prices at a glance (July 08, 1996)
Wednesday, July 3, 1996Week’sPrice (US)ChangeGold*$382.50- $1.50…
Articles by Northern Miner Staff
Corner Bay to open
MSV Resources (MSV-T) will advance development of its Corner Bay and Copper Rand projects in Quebec’s Chibougamau camp.Work at the producing Copper Rand mine will involve exploring three mineralized h…
TORONTO STOCK EXCHANGE INDICES (July 08, 1996)
1996July 2July 1June 28June 27June 26HighLowCompo…
Phelps Dodge eyes Suaqui Verde
An agreement between Azco Mining (AZC-T) and Phelps Dodge (PD-N) will allow for exploration of the Suaqui Verde copper deposit in Mexico’s Sonora state.Phelps Dodge can earn a 70% interest in a joint-…
Goldcorp adds to reserves at Red Lake mine
Ongoing drilling at Goldcorp’s (G-T) mine in Red Lake, Ont., has outlined an additional resource of 300,000 oz. in the lower levels.Drilling has been concentrated on extending the known mineralized zo…
Merger of Rea, American to yield 200,000 oz. gold
Shareholders have approved the merger of American Resource (AREE-Q) and Rea Gold (REO-T), paving the way for the creation of a new, mid-tier gold producer.James Hogan, now chairman (formerly president…
Eldorado shareholders OK Gencor transaction
Shareholders of Eldorado Gold (ELD-T) and exploration affiliate HRC Development (HDC-V) have approved an equity-for-asset swap with Gencor, a South African-based international mining conglomerate.Eldo…
ODDS’N’SODS — This gun for hire
The Aunor gold mine, situated four miles from Timmins, Ont., and nestled between two medium-sized producing mines, attracted many job applicants when the 600-ton-per-day mill started up in January 194…
COMMENTARY — Tumbler Ridge does its bit
The author is mayor of the district of Tumbler Ridge, B.C. This letter was sent to every mayor in British Columbia in support of that province’s Mining Week, which ran May 13-19. At the request of Kee…
Scotland to open first gold mine
Scotland will soon join the ranks of gold producers, as Caledonia Mining (CAL-T) prepares to cut the ribbon on its US$11-million Cononish underground gold mine.Situated near the town of Tyndrum in the…
Producer Prices (July 08, 1996)
ALUMINIUM: LME settlement US$1,471 per tonne (July 3, 1996).ANTIMONY: Composite free market, US$2,875 per tonne (July 2, 1996).BISMUTH: Composite free market US$3.54 per lb. (June 28, 1996).CADMIUM: C…
DIAMOND PAGE — Rex Diamonds reports earnings
The sale of diamonds from Rex Diamond Mining’s (REXD-C) South African operations generated revenue of US$16.8 million for the fiscal year ended March 31, 1996. Net earnings for the period amounted to …