Records set in 1995 for world gold markets
The latest update on the gold market by Gold Fields Mineral Services indicates that new records were established in 1995.On the demand side, fabrication and bar-hoarding accounted for some 3,550 tonne…
News
Cominco drills SW Gold’s Peruvian properties
Delayed by road construction, a 9-hole drill program is expected to begin later this month on the high-grade Accha zinc-lead property in Peru.Cominco (TSE) can earn an initial half interest in the pro…
BHP takes control of Magma
Having cleared the anti-trust hurdle with the U.S. government, BHP (NYSE) is proceeding with its merger with Magma Copper (NYSE).In early January, the Australian miner completed a tender offer for a m…
Summo hits copper at Champion
Drilling on the Champion property in Taos Cty., N.M., has turned up oxide copper values for Summo Minerals (VSE).Ten holes were drilled on a 150-by-200-ft. pattern, with the first seven holes returnin…
Producer )Prices
ALUMINUM: MW U.S. market US79.25 cents-80.25 cents per lb. (Dec. 29, 1995).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, 19…
EDITORIAL PAGE — Dangerous precedents
If you love trees and animals more than human beings, you will love some of the proposals brought forward by the federal government to “renew” the Canadian Environmental Protection Act. The government…
Metal Prices — FREE MARKET (January 15, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateJan. 9 Jan. 8 Jan. 5 Jan. 4 Jan. 3Copper2685-2690 2715-2720 2740-2745 2755-27602739-2740Lead700-701 695-696 690-692 690.5-691.5…
Arequipa Resources reports gold discovery at Pierina prospect in northwestern Peru
Exploration of the Pierina gold property in the Ancash province of northern Peru is returning solid gold values for Arequipa Resources (TSE).Subsurface sampling is testing a zone of disseminated gold …
Rea Gold, American Res. propose corporate merger
By mid-May of this year, Rea Gold (TSE) and American Resource (NASDAQ) expect to merge into a single entity that would have minable gold reserves of about 1.7 million oz.Under the terms of a recent ag…
METALS COMMENTARY — Metals analyst provides little joy for silver buffs
Silver prices are not expected to improve over the short term, according to metals analyst Richard Hajdukiewicz, vice-president of commodities for J. Aron & Co, the commodities division of the investm…
NEWS IN BRIEF (January 08, 1996)
Pacific Mariner Explorations (PMR:VSE) has changed its name to Abitibi Mining (ABB:VSE).
Index (January 08, 1996)
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