Spot prices at a glance (January 22, 1996)
Wednesday, January 17, 1996Week’sPrice (US)ChangeGold*$398.90+$2.15Silver*$ 5.49-$0.05Platinum*$419.75+$3.90Nickel**$ 3.54+$0.12Lead**$ 0.32+$0.01Copper $ 1.18$0.00Zinca$ 0.47+$0…
News
EDITORIAL PAGE — A Superfund model
We’ve said it before, and we’ll say it again: government agencies should stay out of the environmental remediation business, for the simple reason that private interests can do the job better, and at …
Caldera keeps up kimberlite quest
No kimberlite has been found in early drill results from the Abminga diamond project in South Australia.The project is a joint venture between Montreal-listed Caldera Resources (formerly Bishop Resour…
Newhawk selling Bruceside interest
A decision to focus on North American precious metal properties in areas with existing infrastructures has prompted Newhawk Gold Mines (TSE) to seek a buyer for its 60% interest in the Bruceside prope…
Minto Explorations on fast track to production in the Yukon
A positive feasibility study on the Minto copper-gold-silver project in the Yukon estimates yearly copper output at 27 million lb. at a cash cost of US57 cents per lb. net of gold and silver credits.O…
Producer prices (January 22, 1996)
ALUMINUM: MW U.S. market US78.75 cents-79.75 cents per lb. (Jan. 5, 1996).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.10-4.30 per lb. (Dec. 8, 199…
KWG, Falconbridge strike Caribbean deal
KWG Resources (TSE) and Falconbridge (TSE) subsidiary Falconbridge International Investments have reached an agreement under which KWG will earn an interest in three Falconbridge properties in the Dom…
Caledonia invests in Holmer
The mineral potential of Cuba and the large land package held in that country by Holmer Gold Mines (ASE) have prompted Caledonia Mining (TSE) to pursue an investment position in that company.Caledonia…
Battle Mountain makes nickel find
Battle Mountain Gold (NYSE) has uncovered lateritic nickel mineralization at its Siduarsi prospect in the Indonesian province of Irian Jaya.The mineralized area measures 0.5-4 km wide by 9 km long and…
Guyanor acquires Paul Isnard ground
Now that the French government has given its consent to Guyanor Resources to acquire eight concessions in French Guiana, the Toronto-listed junior will step up its exploration program.Line-cutting, ge…
Production rising at Eagle River
With problems at its leased mill cleared up, River Gold Mines (TSE) is forecasting capacity production in 1996 from its Eagle River mine near Wawa, Ont.Gold was first poured in October, just 18 months…
ODDS’N’SODS — The advantages of underground experience
In 1949, while a student employee, I was engaged as part of a blasting crew at South Crofty, a famous tin mine halfway between Camborne and Redruth in Cornwall, England.It was late in the shift, and w…