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)….
News
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…
Claimstaker teams up with Petro Plus MOST ACTIVE ISSUES, May 1-7
With a new joint-venture partner now in place, Claimstaker Resources (VSE) can proceed with further exploration and development work at the Blackdome gold mine property near Clinton, B.C.An agreement-…
Nevsun drills Ghanaian gold property
Under the direction of 75% owner Nevsun Resources (TSE), drills are turning on the Juabo concession in central GhanaThe concession is 40 km west of Nevsun’s Kubi concession and the Ashanti gold mine. …
Normabec gains ground in Argentina
A joint-venture agreement with a company based in Argentina will allow Normabec Mining Resources (ME) to explore for gold in that country.The agreement will allow Normabec to acquire a 75% undivided i…
Canmine tests sample from Werner Lake
Metallurgical tests are being conducted on development samples from Canmine Resources (ASE) Werner Lake property, 85 km northwest of Kenora, Ont.Four samples of drill core assayed 0.14-4.58% cobalt an…
Espalau to acquire Quebec properties
Montreal-listed Espalau Mining will acquire three properties near Desmaraisville, Que., near its Bachelor Lake gold mine.The properties are held by a private company which has agreed to sell out for $…
Drilling tests copper-cobalt beds
Widely spaced drilling on the Boleo copper-cobalt property in Baja California Sur, Mexico, is returning more copper-cobalt values for International Curator Resources (TSE).The drilling includes 21 hol…