PRODUCER PRICES (May 23, 1994)
ALUMINUM: MW U.S. market US62.00-64.00 cents per lb. (May 5, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993…
News
Red Rock expansion nearing completion at Goldfield project
Expansion of the Goldfield project in Nevada is proceeding on schedule, with completion expected by June. Heap-leach operations are being upgraded to process up to 80,000 tons of ore per month. It is …
LAST BUT NOT LEAST — Holmer options 5 Cuban concessions
In Cuba, Holmer Gold Mines (ASE) has optioned five additional concessions totaling 1,730 sq. km. Four of the concessions, comprising 1,318 sq. km, are in the Pinar del Rio camp of western Cuba. Holmer…
LAST BUT NOT LEAST — Keylock exploring Slovakian gold bet
Two gold- and silver-bearing structures are being evaluated on Keylock Resources’ (ASE) concession in Slovakia. The concession is in the centre of a large Tertiary-aged cauldera which has a history of…
NEWS ROUNDUP — Ontex plans rights offering
To finance work at its Brookbank gold property near Beardmore, Ont., Ontex Resources (ASE) plans to make a rights offering. In so doing, the junior hopes to raise $835,000. Each Ontex shareholder will…
Bre-X gets more encouragement from pair of Indonesian
Exploration of the Taware Valley and Kupa prospects in Indonesia has returned encouraging results for Bre-X Minerals (TSE). The prospects are situated on Sangihe Island in the area known as North Sula…
OBITUARY — Orval Leigh was active in industry
A longtime member of the Canadian mining fraternity, Orval Leigh died recently. He was 58. Toward the end of 1987, he joined Battle Mountain (Canada) as vice-president and managed the company’s Canadi…
Barrick’s Goldstrike granted patents
The U.S. subsidiary of American Barrick Resources (TSE) has been granted patents giving it full title and ownership of the Goldstrike property in Nevada. To date, the company has contributed $1 billio…
Spot prices at a glance (May 23, 1994)
Price (US) Week’s Change Gold* $379.69 + $1.19 Silver* $ 5.44 + $0.17 Platinum* $397.25 + $5.50 Nickel** $ 2.81 + $0.21 Lead** $ 0.22 + $0.01 Copper $ 0.99 + $0.04 Zinc $ 0.44 + $0.01 Courtesy of Scot…
Study calls for Briggs development
With positive results in hand from an independent feasibility study, Canyon Resources (NASDAQ) says mine development could begin this fall at the Briggs gold project in southeastern California. Constr…
GOLD FUNDS (May 16, 1994)
BGR Central Net Value $16.66 $6.65 Price $13.63 $7.375 Premium 10.9% Discount 18.20% Value $135,333,000 $133,482,338…
PEOPLE — WADDY LAKE
G. Lahusen, Glen Harper, James Devonshire, Robert Ingram and Donald Busby appointed directors.