Grouse Creek mine gets reprieve from Hecla
The Grouse Creek gold mine in central Idaho will continue to operate for at least one year while the Sunbeam open pit is mined out.The future of the mine had been in doubt since Hecla Mining (NYSE) an…
News
VBN shares start trading on CDN
Those investors who like the Voisey’s Bay deposit in Labrador as much as Inco (TSE) can continue to invest in the project through “VBN” shares, which will be issued by Inco as part of its proposed tak…
Aussie nickel project attracts interest
Although the Murrin Murrin nickel-cobalt project near Lenora, Australia, is not expected to enter production until early 1998, other nickel producers are watching the project closely, as its processin…
Noveder options Baie Verte ground
Montreal-listed Noveder has signed option agreements involving three of its properties on the Baie Verte Peninsula in Newfoundland.Sulliden Exploration (ME) has acquired a half interest in the Long Po…
Major options Corner Bay ground
The Mexican unit of Phelps Dodge (NYSE) has signed an agreement to explore Corner Bay Minerals’ (TSE) Cerro Verde copper property in Mexico’s Sonora state.The target is a near-surface oxide copper dep…
Teck opts out of Galaxy project
Exploration of the Galaxy property, 15 km southwest of Kamloops, B.C., is in a holding pattern following the decision by Teck (TSE) to drop its option on the project.Getchell Resources (VSE) will reta…
Barrick profit even in first quarter
First-quarter income improved only slightly for Barrick Gold (TSE) in 1996 as increased exploration and development expenditures took a bite out of higher revenues.The major reported a first-quarter i…
Gold-bearing structures found at Amphi
Surface drilling on the East Amphi property near Malartic, Que., continues to identify new gold-bearing structures for Placer Dome (TSE).The company can earn a 51% interest in the property from Breakw…
METAL PRICES — FREE MARKET (April 29, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateApril 23 April 22April 19April 18April 17Copper2680-2682 2663.5-2665.5 2646-26482607-26092594-2595Lead820-822 817-818 818-819 81…
Farley Lake partners firm up deep zone
Drilling at the Farley Lake gold deposit in northwestern Manitoba has confirmed earlier grade estimates in the Southeast zone.Partners Granduc Mining (TSE) and Black Hawk Mining (TSE) are investigatin…
Oracle Ridge mine calls it quits
Operating losses at the Oracle Ridge underground copper mine in Arizona have prompted 70% owner Santa Catalina Mining (VSE) to shut down the operation.Santa Catalina cited problems with crushing and m…
PRODUCER PRICES (April 29, 1996)
ALUMINIUM: MW U.S. market US74.25-75.25 cents per lb. (April 19, 1996).ANTIMONY: MW New York dealer US$1.80-$1.95 per lb. (April 5, 1996).BISMUTH: MW New York dealer US$3.90-4.00 per lb. (April 19, 19…