Commentary — Public holidays and mining
The Chamber and its members have registered strong disapproval of the state’s action to increase the number of national public holidays to 12 days, noting that this will incur significant costs in the…
Articles by Northern Miner Staff
Pegasus completes offering in takeover bid for Zapopan
In a takeover bid for the outstanding portion of its Australian subsidiary, Pegasus Gold (TSE) has completed a US$100-million offering in convertible subordinated notes.The notes, due in April, 2002, …
Metal Prices — FREE MARKET (April 24, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateApril 18April 17April 14April 13April 12Copper2927-2929N/AN/A2932-29332942-2943Lead604-605N/AN/A597-598602.5-603.5Zinc1055-…
Higher prices help Inco boost quarterly earnings
Positive first-quarter results reflect mainly higher metals prices and increased deliveries of nickel, copper and precious metals, together with significantly improved results in the alloys and engine…
Nebex outlines sulphide zone at Canso Landing
Alberta-listed Nebex Resources has outlined a zone of high-grade massive sulphide mineralization at its Canoe Landing Lake property near Bathurst, N.B.The indicated reserve, based on results from a 13…
Capital market restructuring suggested by ME president
The president of the Montreal Exchange has called for a far-reaching restructuring of the Canadian capital market.Although the Canadian financial services industry has gone through a substantial restr…
PRODUCER PRICES (April 24, 1995)
ALUMINUM: MW U.S. market US91.25-92.25 cents per lb. (April 7, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.65-3.75 per lb. (April 7, 1995)…
Bard drills six holes at Botanamo
At the Botanamo property in southeastern Venezuela, Bard Silver & Gold (VSE) has completed a preliminary 6-hole drill program designed to test the Nuevo Callao structure.The drilling was carried out o…
Metall increases budget for exploration spending
TSE-listed Metall Mining has increased exploration spending by about one-third, to $20.1 million, as it continues to focus on North and Latin America and Europe.At the Gataga project, north of McKenzi…
Barrick targets potential of South American projects
First-quarter results reveal that senior gold producer Barrick Gold (TSE) enjoyed greater earnings, revenue and cash flow, compared with the same period in 1994.Net income rose 18% to US$71.1 million …
Star helping to develop large Sukhoi Log deposit
Australia-based Star Mining is hoping to strike it rich in the Irkutsk area of Siberia where gold mining has been a way of life for 148 years.Star has a 34.9% interest in a Russian company, LenaGold (…
Freewest’s Willett drilling returns encouraging assays
Encouraging results were obtained from drilling at the Willett copper-zinc-lead-silver-gold property in New Brunswick, Freewest Resources (TSE) reports.The wholly owned property is 6 miles southwest o…