Roxmark picks up Little Long Lac
The Geraldton, Ont., property that started it all for former mining giant Lac Minerals has been purchased by Roxmark Mines (TSE).Roxmark is paying current owner Algoma Steel $80,000 for that property …
Articles by Northern Miner Staff
NEW HORIZONS — Non-ferrous metals: a renewable resource
The recycling of metals is a complex subject which spans the physical, chemical, environmental and social sciences, as well as engineering and technology. Recycling is influenced by cultural, economic…
TSE SHORT POSITIONS (July 10, 1995)
Short positions outstanding at June 15, 1995.Larger individual positions included: Aber Res. 31,100; Adrian 67,700, Agnico-Eagle 197,730; Anderson Expl. 31,900; Archer 74,800; Arimetco 55,800, Asia Pa…
Summitville mine employee indicted by federal grand jury
In the latest development in the Summitville debacle, a U.S. federal grand jury handed down an indictment against the former operator of the Summitville gold mine in Colorado and one of its former man…
GOLD FUNDS (July 10, 1995)
Gold Funds as of July 4BGRCentralNet Value$18.14$6.73Price$14.50$6.75Discount20.08%Premium0.3%Value$141,860,000$122,170,275…
Easton says option not good enough
An option agreement whereby Easton Minerals (VSE) was to acquire a 51% interest in the Goodenough gold mine in Zimbabwe has been terminated.Easton stated it was not sufficiently encouraged during the …
Syndicate prepares to `beep’ Quebec
A mining syndicate formed by three companies — GeoNova Explorations (VSE), Freewest Resources (TSE) and Quebec Crown corporation Societe quebecoise d’exploration miniere (Soquem) — will conduct a pr…
PRODUCER PRICES (July 10, 1995)
ALUMINUM: MW U.S. market US83.75-84.75 cents per lb. (June 16, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995)….
Index (July 10, 1995)
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METAL PRICES — FREE MARKET (July 10, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJuly 4 July 3June 30 June 29 June 28Copper3090-3091 3090-30953076-30813035-30373022-3027Lead 623-624 620-621 619-620 611-612 6…
Leadville sells sulphide ores to Asarco
Leadville Mining & Milling (NASDAQ) will sell to Asarco (NYSE) sulphide ores produced from its Hopemore mine in Colorado.The polymetallic ores will be shipped to Asarco’s nearby Black Cloud mill at th…
X-Cal plans drilling in Nevada
Drilling is expected to get under way in the near future at the Sleeper Extension gold project in Nevada.X-Cal Resources (TSE) will begin a 3,000-to-5,000-ft. drilling program once the necessary acces…