Spot prices at a glance (June 26, 1995)
Wednesday, June 21Week’sPrice (US)ChangeGold*$390.70+$3.90Silver*$5.49+$0.12Platinum*$442.75+$6.15Nickel**$3.51+$0.05Lead**$0.27-$0.01Copper $1.41+$0.10Zinca$0.45$0.00Co…
Articles by Northern Miner Staff
Mining opportunities emerge in former Soviet republics
Emerging from under the yoke of Soviet rule, the countries of Central Asia are struggling to transform themselves into market-based economies.Uzbekistan has been especially aggressive in the area of m…
STOCK MARKETS — Lower interest rates help TSE forge ahead
Despite persistent fears of a new recession, the TSE 300 composite surged ahead over the 5-day report period ended June 20, helped in part by falling interest rates and a strong performance in preciou…
McLellan launches cross-country lab
Anne McLellan, Canada’s minister of natural resources, helped launch the Mobile Foundry Laboratory during a recent ceremony at Quality Steel Foundries in Edmonton, Alta.The mobile laboratory will revi…
Hemlo options Acabit property
Exploration Acabit’s (ME) gold property in Quebec’s Private Twp. has been optioned to Hemlo Gold Mines (TSE).The latter can acquire the former’s 42 mining claims in the area, subject to a 2% net smelt…
Teddy Bear funds Holloway share
Teddy Bear Valley Mines (CDN) is raising the necessary funds to cover its portion of construction costs at the Holloway gold joint venture in northeastern Ontario.The company will raise $2 million thr…
Echo Bay, TVI acquire property in Philippines
The KingKing porphyry copper-gold property in the Philippines will soon be in the hands of Echo Bay Mines (TSE) and TVI Pacific (ASE).The former will be the operator, with a 75% interest, while the la…
Westward and Cameco differ on startup date
A disagreement is reported between Cameco (TSE) and Westward Explorations (VSE) concerning the date when commercial production began at the Contact lake gold mine in northern Saskatchewan.Based on pro…
Juniors intersect gold in Cuba
Partners MacDonald Mines Exploration (ASE) and Mill City Gold Mining (VSE) have completed a 660-metre drill program on their Golden Hill project near Camaguey, Cuba.Eleven short holes were drilled to …
PRODUCER PRICES (June 26, 1995)
ALUMINUM: MW U.S. market US84.5-85.5 cents per lb. (June 9, 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).CAD…
TSE Short Positions (June 26, 1995)
Short positions outstanding at May 31, 1995.Larger individual positions included: Aber Res. 32,300; Agnico-Eagle 206,880; Archer 104,470; Asia Pacific 155,000; Baja Gold 71,500; Bema Gold 1,071,800; B…
Audrey cuts ribbon at Bouchard-Hebert mine
More than 300 people gathered underneath a large tent here in the heart of the Abitibi greenstone belt to raise a glass of cheer to Quebec’s newest polymetallic producer.The Bouchard-Hebert mine, form…