Metal Prices — FREE MARKET (February 06, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Jan 31 Jan 30 Jan 27 Jan 26 Jan 25 Copper 2977-2978 2967-2968 3002-3003 3002.5-3003.5 3020-3022 Lead 654.5-655.5 648-649 673.5-674.5 676…
News
Barrick drilling Walsh Lake
Drilling by Barrick Gold (TSE) is in progress on Nebex Resources’ (ASE) 75%-owned Walsh Lake gold project in Yellowknife, N.W.T. The senior gold producer is using two drills to follow up on induced-po…
Slide at Twin Creeks gold mine in Nevada
A slide in a section of pit wall at the Twin Creeks mine near Winnemucca, Nev., is expected to reduce gold production this year. Owner Santa Fe Pacific Gold (NYSE) reports that the slide brought down …
MINING IN AFRICA SPECIAL — Niger seeks to diversify mining
The African nation of Niger (not to be confused with Nigeria) is a landlocked country south of the Sahara Desert. The mining industry plays an important role in the economy, largely because of importa…
Drilling at Copper Mountain
Initial drilling on the Copper Mountain property near Mina, Nev., has returned several oxide copper intersections. Mina Resources, an affiliate of TSE-listed Quest Capital (formerly Noramco Mining), c…
Atlin gold camp geology studied
A 48-page study published by the Geological Survey Branch of the British Columbia Ministry of Energy, Mines and Petroleum Resources describes the geology of a large portion of the Atlin gold camp. Bul…
MINING IN AFRICA SPECIAL — Canadian juniors pursue
As South Africa enters a new political era, Canadian junior mining companies are moving in to take advantage of a growing number of mining opportunities. Recently, Caledonia Mining closed a deal to ac…
MINING IN AFRICA SPECIAL — St. Genevieve acquires gold
Montreal-based St. Genevieve Resources (TSE) has acquired the Jean-Gobele gold property in Guinea, West Africa. The transaction appears to be a coup for the junior as the property already hosts a pote…
Arequipa adds to treasury
A special warrant financing has raised $2.1 million for Arequipa Resources (VSE). The warrants were issued at 75 cents each and are convertible, at no extra cost, into one additional common share. The…
PRODUCER PRICES (February 06, 1995)
ALUMINUM: MW U.S. market US97.5 cents-98.5 per lb. (Jan. 13, 1995). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.10 per lb. (Dec. 23, 1994). …
INSIDER TRADING — Goldcorp execs exercise options, sell
Two senior officers of Goldcorp (TSE) exercised options and sold shares in December. According to the Ontario Securities Commission’s OSC Bulletin, senior officer Catherine David-Nolan exercised 15,00…
April conference set for Juneau
The Alaska Miners Association is planning its Conference Juneau 1995 for April 19-21 in Juneau, Alaska. Titled “Redefining the arena for the minerals industry in the 21st century,” the conference will…