River Gold, Muscocho group in mill deal
Gearing up for production during the third quarter of this year at its Eagle River gold project near Wawa, Ont., River Gold Mines (TSE) has reached a leasing deal for the nearby Magnacon mill. The mil…
News
Spot prices at a glance (March 13, 1995)
Week’s Price (US) Change Gold* $383.10 + $6.80 Silver* $4.68 + $0.21 Platinum* $419.50 + $10.50 Nickel** $3.47 + $0.22 Lead** $0.26 + $0.01 Copper $1.32 + $0.04 Zinc $0.46 + $0.01 Courtesy of Scotiaba…
Alaskan permits stalled for Echo Bay
A report by the Environmental Protection Agency (EPA) is stalling the permitting process required to reopen the historic Alaska-Juneau gold mine. The project is owned by Echo Bay Mines (TSE). A Techni…
Airborne survey for New Brunswick
The mineral industry in New Brunswick received a boost when it was announced that the province will undergo an airborne geophysical survey. Aimed at identifying exploration targets, the survey will be…
FREE MARKET (March 13, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date March 7 March 6 March 3 March 2 March 1 Copper 2877-2878 2897-2898 2924-2925 2872.5-2873.5 2815-2816 Lead 573-574 585-587 590-592 570.5-…
Budget blues
The mining industry had been lobbying for measures that would allow companies to defer tax on the earnings in Mine Reclamation Trust Funds until withdrawn for reclamation purposes. The budget did not …
NEWS IN BRIEF (March 06, 1995)
Consolidated Bonanza Metals (CZT:ASE) has changed its name to Mincor Resources (CZT:ASE) on a share-for-share basis.
EXPLORATION ’95 — Improved metals prices help — Activity on
Improved mineral prices sent companies with low-risk, fast-return projects back to work in British Columbia last year, causing a moderate upswing in activity. The 1994 review of the provincial Ministr…
EXPLORATION ’95 — Kirkland Lake region undergoing
After years of relative quiescence, exploration activity is once again on the upswing in Ontario’s prolific Kirkland Lake gold camp. With a past production history totalling nearly 39 million oz. gold…
EXPLORATION ’95 — Manitoba mineral exploration expenditures
The province of Manitoba last year experienced its highest exploration expenditures in four years; ministry of energy and mines personnel estimate that $40 million was spent in this area. By year-end,…
EXPLORATION ’95 — Search for diamonds continues in
Diamond exploration expenditures were the main area of growth in Saskatchewan in 1994, rising by more than 60% from the previous year. The ministry of energy and mines estimates that total surface min…
EXPLORATION ’95 — Higher prices makes moly projects
Molybdenum generated little interest in past years because of poor market conditions and depressed prices. But all that appears to have changed. Today, moly oxide prices are at the US$15.50-16.50-per-…