PRODUCER PRICES (March 14, 1994)
ALUMINUM: MW U.S. market US61.50-62.50 cents per lb. (Feb. 24, 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, 19…
News
Wharf has record gold production
Toronto-listed Wharf Resources enjoyed a record level of gold production in 1993. Combined production from the Wharf and Golden Reward mines, both in South Dakota, rose 22% to 123,710 oz. last year fr…
Hecla, Equinox merger approved
Shareholders of Equinox Resources (TSE) have voted overwhelmingly in favor of merging with Hecla Mining (NYSE). Holders of Equinox common shares, options and warrants will receive 6.3 million Hecla co…
Manic awaits court decision
A lawsuit filed by a Cree band against Mineraux Manic has yet to be resolved. Some of the company’s assets were seized last year as a result of the litigation. Manic’s shares ceased trading on the Mon…
TVI options Atlas gold-copper project
Calgary-based TVI Copper (ASE) and Manila-based Atlas Mining & Development have tentatively agreed to explore and develop a gold-copper prospect in the Philippines. TVI will earn a half interest in th…
Golden Regent options Slovak gold properties
Junior Golden Regent Resources (ASE) can earn a 66.7% interest in several gold properties in the Slovak Republic. It will acquire the interest from joint-venture partner Eco Trends Consulting of Brati…
Barrick drills Corona porphyry in Peru
Six drills are turning on the Corona gold-copper porphyry property in northern Peru and another two are being moved on site. American Barrick Resources (TSE) is performing delineation drilling to earn…
Rio posts profit for 35th straight year
For the 35th consecutive year, Rio Algom (TSE) has showed its mettle by posting earnings and dividends. Nevertheless, earnings decreased 14%, compared with 1992, while revenues gained 5% for the same …
Lead emissions to drop by 70-80% — Cominco, B.C. government
Base metal producer Cominco (TSE) and the British Columbia government have set the stage for modification and environmental upgrading of the company’s smelter complex at Trail, B.C. Agreements between…
Bethlehem to test Delta-1
Junior Bethlehem Resources (TSE) can earn a half interest in the Delta-1 gold-silver prospect in northern Mexico. Under an agreement with Levelland Energy & Resources (VSE) and Minera Delta, the compa…
William acquires gold project
Following completion of a due diligence review of the Malmani gold project in South Africa, William Resources (ME) has opted to acquire all shares of Ventra Gold Mines held by Braeside Investments. Ve…
Inco cutting staff, production resumes
Production at Inco’s (TSE) operations in Sudbury, Ont., and Thompson, Man., have resumed after a period of cutbacks. The Sudbury mines were closed for eight weeks whereas, at Thompson, operations were…