News

London Metal Exchange Spot closing prices in $US per tonne Date Mar. 8 Mar. 7 Mar. 4 Mar. 3 Mar. 2 Coppr1900.50-1901.50 1897-1898 1901-1902 1873-1874 1849-1850 Lead 431-432 442.50-443.00 441.50-442.50…

With the Matapalo mill approaching its 300-ton-per-day capacity, Ariel Resources (VSE) is Costa Rica’s largest gold producer. The company produced 9,413 oz. in the fiscal year ended Sept. 30, 1993, an…

The exploration division of Noranda (TSE) has encountered additional base metal mineralization at the Fox-Stimson property near Timmins, Ont. Property vendor Cross Lake Minerals (VSE) reports three ho…

It has been explored since the early 1970s and suffered several delays at the permitting stage, but Canada’s first platinum group metals (PGM) mine is finally up and running. Situated 60 miles northwe…

Debt-heavy Bachelor Lake Gold Mines (ME) will be taken over by Espalau (ME). Under an agreement, Espalau will acquire all of the issued and outstanding shares of Bachelor Lake, as well as Bachelor’s o…

Peter Richards appointed director.

Richard Coleman appointed director.

Patrick Cheung appointed president and director; Robert Ching, Arnold de Silva and Wiong Shun Leung appointed directors.

In 1934, when the U.S. raised the price it would pay for gold from US$20.67 to US$35 per oz., it was deluged by sellers. By 1949, reserves reached 700 million oz. This huge increase put the U.S. in th…

Stringent cutbacks in production at a time of high demand from the stainless steel sector mean that demand for ferrochrome exceeded market economy supply in 1993, according to market analyst Roskill o…

Mt. Kearsarge Minerals (MKMN:CDN), under new control, will abandon the resource sector for opportunities in other industries.

John Grotski appointed director.