Cumberland buys Asamera royalty
Gold explorer Cumberland Resources (VSE) acquired the 2% royalty against its interests in the Meliadine, Meadowbank and Parker Lake projects in the Northwest Territories. The company paid Asamera Mine…
Articles by Northern Miner Staff
High-purity rare earths grow in demand
High-purity rare earths products represent an important and fast-growing market, says market analyst Roskill. Its report, The economics of rare earths 1994, states that separated rare earths claims ar…
PRODUCER PRICES (September 19, 1994)
ALUMINUM: MW U.S. market US71.5-72.5 cents per lb. (Aug. 25, 1994). ANTIMONY: MW New York dealer US$2.35-2.50 per lb. (July 21, 1994). BISMUTH: MW New York dealer US$3.75-4.25 per lb. (July 28, 1993)….
Queen’s seminar set for December
The department of geological sciences at Queen’s University in Kingston, Ont., will present a seminar Dec. 4-10 on “economic guidelines for mineral exploration.” Led by Brian Mckenzie, the seminar is …
PEOPLE — LUCKY BREAK
Jiri Strnad appointed advisor.
Rio acquires 25% royalty in Polaris lead-zinc mine
Metals producer Rio Algom (TSE) has bought all the shares in NCO Mines, which holds a royalty interest in production from the Polaris lead-zinc mine. NCO, a wholly owned subsidiary of North Canadian O…
Canarc drilling in Venezuela
Drilling is under way on the Aurora property in Venezuela. Canarc Resource (VSE) is funding the work under a 50-50 joint-venture agreement with Tombstone Explorations (VSE). Surface exploration over t…
Spot prices at a glance (September 19, 1994)
Week’s Price (US) Change Gold* $390.40 + $2.00 Silver* $ 5.46 $0.05 Platinum* $416.75 $3.00 Nickel** $ 2.94 + $0.15 Lead** $ 0.28 + $0.01 Copper $ 1.13 + $0.01 Zinc $ 0.44 $0.00 Courtesy of Scotiabank…
METAL PRICES (September 19, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Sept.13 Sept.12 Sept.9 Sept.8 Sept.7 Copper 2503-2504 2497.5-2498.5 2481-2482 2473-2474 2467.5-2468.5 Lead 616-617 611-612 608.5-609.5 6…
Reading our stock trading tables (September 19, 1994)
A comprehensive listing of weekly stock quotations for mining securities is provided by The Northern Miner. To assist readers who often know the name of the stock but not the exchange on which it trad…
Grant to help complete study
A government grant worth $241,050 will help finance a feasibility study of a spodumene mine and a lithium carbonate plant in Quebec. Montreal-listed partners Charlim Explorations and Wrightbar Mines e…
STOCK MARKETS — Gold’s gains fail to boost western markets
Despite the firming of eastern major markets and gold’s creep upwards to the US$390-per-oz. level, western markets continued to slide during the report period ended Sept. 13. The Vancouver Stock Excha…