ODDS’N’SODS — Tram lines did their job
The tram line was a most effective system for transporting ore, supplies and personnel between the mine and the mill in bygone days. Usually, they were used at inaccessible mine sites or if the cost o…
News
LETTERS TO THE EDITOR — Criticism is not warranted
I was amazed by the article “Asbestos report is challenged” (T.N.M., March 7/94) and concluded that possibly your staff is biased on the asbestos controversy. You have cited a group of “professors” fr…
Workshop focus on recycling
Toronto will be the site, May 5 and 6, of the Sustainable Development and Recycling Workshop, the first in a series scheduled during the next three years. The workshops are part of an agreement signed…
LETTERS TO THE EDITOR — Studies by GSC support presence of
I wish to clarify statements published in The Northern Miner regarding Geological Survey of Canada (GSC) research on gold and associated mineralization in the Fort MacKay region of northeastern Albert…
STOCK MARKETS — Interest rate rise casts pall over TSE
The prospect of higher interest rates caused by a weakening dollar, coupled with the drop in the price of gold, continued to cast a gloomy shadow on the Toronto market. The Bank of Canada increased th…
METAL PRICES — FREE MARKET (April 25, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date April 19 April 18 April 15 April 14 April 13 Copper 1871-1872.5 1865.5-1866.5 1863-1864 1863.5-1864.5 1885.5-1886.5 Lead 431.5-432.5 438…
THE STOCK MARKETS — Gold’s fall squeezes resource index
A further drop in the price of gold, to the US$372.40-per-oz. level, was not welcome news for western markets during the week ended April 19. The slide brings the cumulative decline in the past month …
Government initiatives alter trade patterns
Market players are having a tough time steering their way through economic minefields in Western and former east bloc waters. The problems appear to have little to do with physical markets, where dema…
Spot prices at a glance (April 25, 1994)
Week’s Price (US) Change Gold* $372.40 – $6.80 Silver* $ 5.24 – $0.10 Platinum* $385.75 – $13.00 Nickel** $ 2.41 – $0.11 Lead** $ 0.20 – $0.01 Copper $ 0.85 $0.00 Zinc $ 0.41 – $0.02 Courtesy of Scoti…
TORONTO STOCK EXCHANGE INDICES (April 25, 1994)
— 1994 — Apr 19 Apr 18 Apr 15 Apr 14 Apr 13 High Low Composite”300″ 4115.07 4168.06 4239.95 4254.85 4248.80 4609.93 3518.31 Metals&Minerals 3332.23 3357.60 3387.95 3470.02 3476.43 3879.59 3273.56 In…
Audrey gets financing for 1100 Lens project in Rouyn-Noranda
In addition to receiving a positive feasibility study for the 1100 Lens project near Rouyn-Noranda, Que., Audrey Resources (TSE) has obtained the necessary financing to reopen the Mobrun mine, which h…
Minorca acquires projects in Mexico’s Durango state
An agreement has been signed whereby Minorca Resources (VSE) can earn a 40% interest in Mexican mining company BLM Mexicana S.A. from Bharti Laamanen Mining of Sudbury, Ont. Minorca has the option to …