METALS PRICES — Spot prices at a glance
Week’s Price (US) Change Gold* $378.30 – $0.30 Silver* $ 5.16 – $0.05 Platinum* $412.50 – $2.00 Nickel** $ 2.59 – $0.16 Lead** $ 0.25 – $0.01 Copper $ 1.08 – $0.02 Zinc $ 0.42 – $0.01 Courtesy of Scot…
Articles by Northern Miner Staff
Green light for Kodiak project
Construction can now begin on the Kodiak heap-leach gold project at Golden Bear mine in northwestern British Columbia. North American Metals (VSE) received the required mine development certificate fr…
NEWS IN BRIEF (August 15, 1994)
Leader Mining Corporation (LMC:ASE) has changed its name to Leader Mining International Inc. (LMN:ASE) on a 1-new-sh-for-5-old-shs basis.
MSV increases quarterly output
Second-quarter production at the Copper Rand and Portage projects near Chibougamau, Que., increased by 45%, compared with the same period in 1993, MSV Resources (ME) reports. Quarterly output of 104,0…
Troilus contract to SNC-Lavalin
A contract for engineering and construction management of the concentrator, tailings storage and associated infrastructure at the Troilus gold project north of Chibougamau, Que., has been awarded to S…
DO-27 bulk-sample results disappointing
The junior partners of Kennecott Canada saw their DO-27 (Tli Kwi Cho) kimberlite project downgraded in early August from a development project to one of many exploration-stage projects in the Lac de G…
Porgera to resume operations
Management of the Porgera joint venture has started routine recommissioning procedures at the explosives plant at the Papua New Guinean mine site. Placer Dome (TSE), an 18.9% owner of the project, sai…
AMERICAS — New deposits fundamental to Falconbridge growth
Armed with a pile of cash from one of Canada’s largest corporate stock offerings, Falconbridge (TSE) can now proceed with two major base metal deposits which should fuel the company’s growth well into…
AMERICAS — NEWS IN BRIEF
Nautilus Resources (NUT:VSE) has changed its name to New Leather on a 1-new-for-3-old-share basis.
AMERICAS — Royal Oak puts exploration focus on Porcupine
The Porcupine camp in northern Ontario will eat up the lion’s share of the 1994 exploration budget of Royal Oak Mines (TSE). Of the $6 million that is earmarked for exploration, almost $4 million will…
Radisson options O’Brien
A deal has been signed whereby Radisson Mining Resources (ME) can earn a 50% interest in Breakwater Resources’ (TSE) O’Brien gold property in Cadillac Twp., Que. Between 1925 and 1956, the mine produc…
AMERICAS — Expansion in works at Kori Kollo
A 2-phase, US$30-million expansion program of Inti Raymi, the 88% owned subsidiary of Battle Mountain Gold (NYSE), is under way at the Kori Kollo gold mine in Bolivia. The company reported recently th…