ODDS’N’SODS — The benefits of mining
Mine-finding is perhaps the most difficult and financially hazardous task undertaken in the industrial world. Success requires supreme dedication or phenomenal luck, or some part of both. Few people u…
News
TVX buys stake in Czech property
Toronto-based TVX Gold (TSE) has acquired a 90.5% equity interest in a Czech company which holds the Kasperske Hory gold property. Situated 160 km southwest of Prague in the Czech Republic, the proper…
Southern Copper looks to grow
A feasibility study on the Oracle Ridge copper mine, near San Manuel, Ariz., calls for current output to be doubled. Southern Copper (VSE) mines and processes 1,000 tons per day from the underground o…
Spot prices at a glance (October 10, 1994)
Week’s Price (US) Change Gold* $392.15 – $5.35 Silver* $5.60 – $0.10 Platinum* $417.50 – $1.90 Nickel** $2.90 – $0.02 Lead** $0.29 + $0.01 Copper $1.14 – $0.02 Zinc $0.47 + $0.01 Courtesy of Scotiaban…
DIAMOND PAGE — Drilling intensifies as Camsell Lake partners
Drilling is under way at the Camsell Lake project in the Northwest Territories, with the first 1,000-ft. hole now half-completed. The hole was collared in kimberlite at a 45 angle and reportedly is st…
Broker disclosure required in U.S.
Brokers in the U.S. must now disclose to their customers any payments they make to market makers to execute the orders of customers. The Securities and Exchange Commission in Washington recently appro…
Wrightbar, Charlim plan new company
A new company is to be formed, combining some of the gold and lithium properties held by Wrightbar Mines (ME) and Charlim Resources (VSE). Wrightbar shares will be consolidated on a 2-for-1 basis, aft…
Aggressive growth strategy — Kinross to acquire Ridgeway
Having agreed to buy the Ridgeway mine near Columbia, S.C., Kinross Gold (TSE) is poised to generate 500,000 oz. gold and gold equivalent per year. It will acquire the mine by buying Kennecott Ridgewa…
PRODUCER PRICES (October 10, 1994)
ALUMINUM: MW U.S. market US78.5-79.5 cents per lb. (Sept. 22, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 30, 1994). BISMUTH: MW New York dealer US$3.90-4.30 per lb. (Sept. 30, 199…
U.S. Congress fails to reform 1872 Mining Law
Intense lobbying from mining companies and the impending end of the congressional session in the U.S. have sunk efforts to rewrite that country’s 122-year-old Mining Law. In late September, frustrated…
10 (October 10, 1994)
Consistent with its objective of becoming a pure silver company, Pan American Minerals (TSE) is acquiring two undeveloped silver properties in the U.S. from Asarco (NYSE). The principal property is th…
Mutual busy in Ghana
Three deals concerning gold concessions in Ghana have been struck among Mutual Resources (VSE), EQ Resources (CDN) and Opawica Explorations (TSE). Mutual can acquire EQ’s interest in Ghana-based SETO …