Spot prices at a glance (May 13, 1996)
Wednesday, May 8, 1996Week’s Price (US)ChangeGold*$393.65+$2.65Silver*$ 5.48+$0.15Platinum*$406.25+$5.75Nickel**$ 3.81+$0.25Lead**$ 0.39+0.02Copper$ 1.29+$0.08Zinc$ 0.48+$0…
News
Cathedral picks up Honduran ground
The gold-silver potential of the Lady property in south-central Honduras has attracted the attention of Cathedral Gold (TSE).The company acquired the property, subject to a 3% net smelter return royal…
EDITORIAL PAGE — Gold and the better life
The prerogatives of age and of being a founder — that’s how Peter Munk prefaced a few philosophical remarks he made during Barrick Gold’s recent annual meeting, held in Toronto.His words took the for…
St. Genevieve in Mozambique
Already exploring for gold in two African countries, St. Genevieve Resources (TSE) has added Mozambique to its land holdings on that continent.The Montreal-based explorer has entered into a joint-vent…
Index (May 13, 1996)
REGULAR DEPARTMENTSCareersClassified AdvertisingDiamond PageDrillersEditorialsFacts & FiguresLetter to the EditorMetal PricesOdds `n’ SodsProfessional DirectoryStock MarketsSubscriber ServiceThe North…
VenCan finds gold at Cline-Edwards property
A first phase of drilling is complete at the Plowman property of VenCan Gold (ME). Situated 50 km northeast of Wawa, Ont., the property lies between the former-producing Cline and Edwards gold mines.T…
PRODUCER PRICES (May 13, 1996)
ALUMINIUM: MW U.S. market US75.5-76.5 cents per lb. (May 3, 1996).ANTIMONY: MW New York dealer US$1.80-$1.90 per lb. (April 26, 1996).BISMUTH: MW New York dealer US$3.80-3.95 per lb. (April 26, 1996)….
Earnings edge lower for Hemlo Gold
Higher spending on international projects resulted in a $1-million decline in first-quarter earnings for Hemlo Gold Mines’ (TSE).The gold miner earned $12.6 million (13 cents per share) for the quarte…
Companies (May 13, 1996)
INDEXAgnico-EagleAlberta EnergyAmercn BullionAsarcoAshtn Mg of CdaAtna ResourcesAvalon VenturesBand-Ore Res.Battle Mtn GoldBirim GoldfldsBroakwater DvlpCanmine Res.Cathedral GoldChampion BearClaimstak…
Lower earnings for Asarco in quarter
As a result of lower copper, molybdenum and zinc prices, New York-listed Asarco has reported lower earnings for the first quarter of 1996.The company earned US$35.7 million (or US84 cents per share) d…
METAL PRICES — FREE MARKET (May 13, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateMay 7 May 6May 3 May 2 May 1Copper2792-2797 Holiday2750-27552708-27132698-2703Lead872-874 Holiday858.5-859.5831-833 800-810Zi…
PCS boosts earnings
First-quarter income for Toronto-listed Potash Corporation of Saskatchewan (PCS) shot up by nearly one quarter over the same period last year.The potash and phosphate producer earned $63.7 million (or…