London Metal Exchange — Metal prices
Spot closing prices in $US per tonne Date Oct 18 Oct 17 Oct 14 Oct 13 Oct 12 Copper 2485.5-2486.5 2481-2482 2483-2485 2490-2491 2511-2513 Lead 643.5-644.5 640-641 641.5-642.5 634-635 634.5-635.5 Zinc …
News
STOCK MARKETS — Debt-related fears unsettle TSE
Tough deficit talk by Finance Minister Paul Martin failed to inspire investors, the result being that the Toronto Stock Exchange remained flat over the 5-day report period ended Oct. 18. The composite…
Franco-Nevada buys platinum royalty
Royalty-holder Franco-Nevada Mining (TSE) has paid US$2.25 million to South Africa-based Rustenburg Platinum for a 5% net profits interest royalty in that country’s Pandora platinum property. The depo…
MINING IN MEXICO — Gold output slowly rising
Mexico may not be a leader among gold-producing nations, but it has been consistent in its gold output during the past 10 years. Gold Fields Mineral Services of London, in its Gold 1994 report, says M…
San Andreas drill program at Prairie Creek mine project
Diamond drilling at the Prairie Creek mine project near Yellowknife, N.W.T., is expected to augment reserves significantly. Owner San Andreas Resources (TSE) estimates current reserves at 4.25 million…
MINING IN MEXICO — Spate of mine openings underscores
The recent opening of several new mines in Mexico and the overall revival of the country’s mining industry owe much to policies aimed at attracting foreign investment. These policies, implemented seve…
Etruscan begins definition drilling
Nova Scotia-based Etruscan Enterprises (VSE) has launched an exploration program on the Koma Bangou property in Niger, West Africa. The junior will perform 10,000 metres of reverse-circulation drillin…
BHP drilling Matagami play
Project operator BHP Minerals Canada has entered a third phase of drilling on Southern African Minerals’ (ASE) Caber base metal property near Matagami, Que. Two zones of massive sulphide mineralizatio…
Results in from Goldfields project
Toronto-listed Greater Lenora Resources has received results from infill drilling of its Goldfields project in northern Saskatchewan. The 9-hole program was carried out in the area of the Box Pit. Amo…
Tequila assuming ownership of Asia Pacific property
Toronto-listed Adex Mining is transferring to Tequila Copper its interest in the Asia Pacific copper-gold property in the Philippines. Adex owns half of Philippines-based Selenga Mining, which holds t…
MINING IN MEXICO — Work progressing at Cieneguita
The Cieneguita heap-leach gold property in southwestern Chihuahua state is progressing towards production. Operator Glamis Gold (TSE) can earn a 60% interest from Aquiline Resources (VSE) by incurring…
MINING IN MEXICO — Bethlehem, Levelland drill Delta 1
Minor gold values are reported from four holes drilled on the Delta-1 property in Mexico’s Chihuahua state. Bethlehem Resources (TSE), the operator, carried out the 662-metre program. The junior can e…