Spot prices at a glance (April 20, 1992)
Week’s Price (US) Change Gold* $339.60 + $2.10 Silver* $ 4.10 + $0.01 Platinum* $348.50 + $0.50 Nickel** $ 3.35 – $0.01 Lead** $ 0.24 $0.00 Copper $ 0.99 – $0.01 Zinc $ 0.59 + $0.01 Courtesy of Scotia…
News
Mine closures outstrip openings
Mine closures outnumbered openings in Canada by almost 2:1 last year as low metal prices and flat markets battered mineral producers nationwide. According to Energy, Mines and Resources Canada, 33 min…
Kookaburra samples Mayflower zone
Recent sampling in an area immediately south of the Longshot Ridge copper-oxide deposit near Hawthorne, Nev., has outlined an additional zone of copper mineralization, owner Kookaburra Gold (VSE) repo…
Ontario Hydro tries to soothe major power consumers’ fears
Ontario Hydro and the provincial government recently tried to persuade business representatives that plans to ensure a reliable electricity supply over the next decade are going to work. However, some…
Galico, Noront complete 5 holes
Galico Resources (VSE) has completed a 5-hole, first phase program on Noront Resources’ (VSE) Hurdman Twp. property about 65 miles northwest of Timmins, Ont. Noront says Galico encountered zinc minera…
Tanzania opens its doors to foreign investment
Although best known for such scenic wonders as Lake Victoria, Mt. Kilimanjaro and the Serengeti plain, Tanzania is also rich in mineral resources such as gold, diamonds and nickel. Those resources hav…
Suntac raises funds for Polaris drilling
Funding for a drilling campaign at the Polaris-Taku project has been arranged by Suntac Minerals (VSE) through a 2.5 million-unit private placement at 20 cents per unit. The units include a warrant to…
WisCan drops Wisconsin option
A joint venture agreement between WisCan Resources (TSE) and Noranda (TSE) to explore the Goodman North and South, Reef and Enterprise projects in Wisconsin has been terminated. WisCan was formed just…
Mineral council remains player in Mexican exploration planning
When the Mexican government decided in 1990 to privatize its mining sector and open the gates to foreign investment, it put its own mineral resource branch in an unfamiliar position. Now that vast tra…
B.C. proposes to change rules on mine development, compensation
British Columbia’s mining industry is expressing a wide range of concerns about the provincial government’s proposed environmental assessment legislation and the establishment of a commission of inqui…
Turnkey contract for acid plant
Two subsidiaries of SNC-Lavalin Inc. of Montreal have signed a lump sum turnkey contract with Compania Minera Disputada de Las Condes SA of Santiago, Chile, for a US$23 million sulphuric acid plant. T…
Precious metal potential of Suriname to be tested
Rapidly joining the ranks of South American countries trying to attract exploration and development dollars is Suriname. The country is squeezed between Guyana on the west and French Guiana on the eas…