METAL PRICES — FREE MARKET (January 02, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 27 Dec. 26 Dec. 23 Dec. 22 Dec. 21 Copper N/A N/A 2989-2990 3004-3006 2967-2970 Lead N/A N/A 639.5-640 644-645 634-635 Zinc N/A N/A…
Articles by Northern Miner Staff
DIAMOND PAGE — Investors in diamond play experienced highs
The Great Canadian Diamond Play gave investors a heart-stopping ride in 1994. The rise to a speculative peak in the summer followed by the diamond market’s subsequent crash to its current depressed le…
Golden Chief probes California prospect
Preliminary exploration is under way on the Globe Canyon gold property in San Bernardino Cty., Calif. Having completed soil and rock sampling, Golden Chief Resources (VSE) will carry out geophysical s…
1994: A LOOK BACK — Gold upstaged by base metals in 1994
At the start of 1994, the price of gold seemed likely to reach the US$400-per-oz. benchmark, while many producers of base metals were either reporting losses or, at best, struggling to break even. At …
Cominco Res. options Chachacomiri
Under a joint-venture agreement, Cominco Resources International (TSE) may acquire a 60% interest in the Chachacomiri gold-silver property in Bolivia from Rio Amarillo Mining (VSE). To do so, Cominco …
Commodity index continues advance
The commodity price index of The Bank of Nova Scotia advanced 3.7% in November, 1994, representing an 8% increase over the same period in 1993. Surging metal and mineral prices, together with smaller …
EDITORIAL PAGE — The Sword or the Shield?
The North American mining industry should put down its shield and take up its sword when it comes to excessive environmental regulations, according to several industry experts who spoke at the recent …
COMMENTARY — Copper market holds its own
There is no question that the copper market this year has benefited from the strong underlying level of demand, particularly from North America where, following two years of strong growth, the consens…
Minprotech active in Tanzania, Indonesia
AGL Gold Mining, a wholly owned subsidiary of Minprotech Mining (ASE), has entered into a joint venture agreement with United Kingdom-based African Gems. The latter will contribute to the former certa…
Cathedral plans work program in Guyana
Cathedral Gold (TSE) is about to carry out regional exploration on a newly acquired prospecting licence in Guyana. The licence, which covers 4,800 hectares, is the first of four that the company has a…
Hecla, Great Lakes pour first gold
The year ended on a bright note for Hecla Mining (NYSE) and Great Lakes Minerals (TSE) as the partners announced their first gold pour at the Grouse Creek mine in central Idaho. Mining and stockpiling…
Sharpe, Freewest drill Wisconsin play
Partners Sharpe Energy & Resources (VSE) and Freewest Resources Canada (TSE) have drilled their first drill hole in the so-called Wisconsin massive sulphide program. The Sharpe-Freewest program is foc…