The Belmont Rose granite quarry has been reopened. The eastern Ontario quarry produces granite blocks for sale to North American monument manufacturers and construction companies. Belmont Rose Granite…
Base metal producer Ok Tedi Mining will pay less in copper treatment fees to smelters in Japan in fiscal 1994-95 (April 1-March 30) than in the previous year. Fees that will be paid to process metal w…
Western markets took a bit of a breather during our report period ended Feb. 8, reflecting somewhat unsettled trading on major markets in the east. With gold holding steady above the US$380-per-oz. le…
The Omai mine in Guyana contributed significantly to Cambior’s (TSE) overall production in 1993. The company reports a jump in output of 46%. The producer turned out 518,083 oz. last year, up from 354…
Following drilling at its Snowden, Sask., joint-venture project, Rhonda Mining (ASE) reports that Hole 93-2 contained a 1.17-metre, bedded tuff unit averaging 52 carats per 100 tonnes, with a 0.5-mm c…
One would be hard-pressed to name a richer North American gold mining complex than the Carlin Trend in Nevada. The Goldstrike property of American Barrick Resources (TSE) contains about 22.5 million o…
Toronto-based Kinross Gold (TSE) is increasing production at the QR mine near Quesnel, B.C. The daily rate will rise to 800 from 500 tonnes, as a result of the provincial government having approved an…
Underground tests have confirmed the grade, continuity and minability of the Holloway gold project in northeastern Ontario. Geological reserves of the Lightning zone have risen to 5.2 million tonnes a…
The Canadian Dealing Network (CDN) more than doubled its trading volume in 1993. The over-the-counter exchange traded more than a billion shares, up from 404.5 million in 1992. Also on the rise was th…
London Metal Exchange Spot closing prices in $US per tonne Date Feb. 8 Feb. 7 Feb. 4 Feb. 3 Feb. 2 Copper 1871-1872 1871-1872 1867-1868 1894-1896 1911-1912 Lead 498-499 506-507 510-511 507-508 506-507…
The 1980s saw American Barrick Resources (TSE) grow from a single, small-producing mine to one of North America’s premier gold companies, with five operations. This growth should continue, as the comp…
CDN-listed International Gold Resources can acquire 770 sq. km in Burkina Faso, West Africa. It can do so, subject to the government’s right to acquire a 10% interest, by making unspecified payments a…
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