METAL PRICES — FREE MARKET (August 07, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateAugust 1 July 31July 28 July 27 July 26Copper3010-3015 2978-29572982-29873005-30102970.5-2985.5Lead624.5-625.5 621-622620-62162…
News
INVESTMENT COMMENTARY — Coal producer Hillsborough shows earnings potential
The coal sector may not be imbued with the romance associated with gold or diamond mining, yet “black gold” does generate profits for many a producing company.Douglas Hurst, mining analyst for Sprott …
Mixed numbers reported from Golden Bear
Infill drilling on the Ursa zone at the Golden Bear mine property in northwestern British Columbia is confirming previous high-grade gold intersections for Wheaton River Minerals (TSE), although stepo…
Drilling at Red Lake mine proves continuity of zones
Goldcorp (TSE) has released additional results from its ongoing $10-million exploration and development program at the Red Lake mine in northern Ontario.In addition to advancing drifts, Goldcorp carri…
Gold-hungry Barrick spreads wings
Taking a decidedly aggressive approach to mine-finding, Barrick Gold (TSE) has announced plans to spend US$30 million within several underexplored areas of West Africa and China.In Mali, drilling will…
Copper price keeps Princeton in black
With the Similco open-pit operation in British Columbia running smoothly and the price of copper reaching record highs, Princeton Mining (TSE) performed solidly in the second quarter.The company earne…
Hillsborough finances expansion
An agreement with Sprott Securities will help provide Hillsborough Resources (TSE) with sufficient funds to expand its 63%-owned Quinsam coal mine near Campbell River, B.C.The company will issue 2.4 m…
Geologist shot by Shining Path
After nearly two years of relative peace in Peru, the Sendero Luminoso, or Shining Path, has resumed its terrorist activities in some parts of the country. On July 3, a geologist working for Minera Lo…
Louvicourt sweetens Aur’s earnings
As expected, the Louvicourt mine in Val d’Or, Que., is bolstering the earnings of Aur Resources (TSE).For the first half of 1995, the mine produced 38.7 million lb. copper, 16.9 million lb. zinc, 14,6…
Cominco strikes new zone at Red Dog
Exploration drilling on the Red Dog mine property in Alaska has encountered significant new zinc-lead mineralization.Cominco (TSE) reports that hole 488 intersected 610 ft., from 65 to 675 ft. grading…
New set of directors placed at the helm of Minefinders
The new management team of Minefinders (TSE) is gearing up to explore the Bolsa and Dolores properties in Mexico.Arthur Dalfen, Mark Bailey and Marc Henderson were recently appointed directors of the …
Inco starts feasibility studies for its Goro nickel project
In keeping with its plan to boost nickel production by 20% over the next decade, Inco (TSE) will proceed with a feasibility study at its Goro nickel project in the French island of New Caledonia.The s…