News
PRODUCER PRICES (September 18, 1995)
ALUMINUM: MW U.S. market US85 cents-86 cents per lb. (September 1, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$3.75-3.85 per lb. (August 24, …
PEOPLE — QUINTO MINING — R. Caine appointed director.
PEOPLE — PRIME EQUITIES — Chet Idziszek appointed director.
OBITUARY — Charles Tanner
Charles Tanner, president and founder of CJT Surplus Equipment, died on Sept. 3, at his home in Ottawa, Ont.Mr. Tanner was well-known in the Canadian mining industry. For more than 25 years, he helped…
Production shortfall lowers Goldcorp earnings
Three disadvantages combined to dampen second-quarter earnings for Goldcorp (TSE): a drop in gold production; a lower realized gold price; and higher operating costs at the Wharf mine in South Dakota….
Alta ups resource at Olinghouse
The first phase of drilling by Alta Gold (NASDAQ) at its Olinghouse gold project near Reno, Nev., has expanded the geologic inventory by 90,000 oz.The 31-hole program discovered new geologic resources…
East Africa Gold drills in Nykafuru
Drilling on the Nykafuru property in northwestern Tanzania is confirming the continuity of the Number Two East and the Number Two West Reefs for East Africa Gold (VSE).The East Reef has now been drill…
METAL PRICES — FREE MARKET (September 11, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateSept. 5 Sept. 4Sept. 1 August 31August 30Copper2887.5-2888.5N/A2917-29222960-29653000-3005Lead578-578.5N/A577-578 616-617622…
EDITORIAL PAGE — Rethinking government exploration incentives
For most investors, mining is a game — and an extremely risky one at that. By far the largest risk is the simple fact that ore deposits are rare and, typically, difficult to find.This element of risk…
Barrick to drill Paula Cecilia project for Jordex
Under a joint-venture agreement in Brazil, Barrick Gold (TSE) has begun drilling 1,000 metres on the Paula Cecilia property of Jordex Resources (TSE).The deal covers nine of Jordex’s gold exploration …
Pallaum gains a foothold in Crescent Valley
Pallaum Minerals (VSE) can earn up to a 65% stake in the Bullion Mountain property in Nevada’s Crescent Valley.The announcement follows an agreement reached with 60-40 partners Cactus West Exploration…