News

Chile’s El Indio important focus for Barrick Gold

Last year’s takeover of Lac Minerals is expected to boost Barrick Gold’s (TSE) gold production to 3.1 million oz. this year, up from 2.3 million oz. in 1994 and 1.6 million oz. in 1993. This hefty gro…


METAL PRICES — FREE MARKET (February 20, 1995)

London Metal Exchange Spot closing prices in $US per tonne Date Feb. 14 Feb. 13 Feb. 10 Feb. 9 Feb. 8 Copper 2908-2909 2904-2905 2875-2876 2855-2856 2811-2812 Lead 536-537 555-566 575-577 575-576 561-…


San Fernando hits good gold values

Trenching on the San Fernando gold project in Mexico is returning gold values for owner San Fernando Mining (TSE). The trenching returned 0.14 oz. per ton across a continuous exposure of 62.2 ft. in t…


PRODUCER PRICES (February 20, 1995)

ALUMINUM: MW U.S. market US101 cents-102 per lb. (Feb. 3, 1995). ANTIMONY: MW New York dealer US$2.40-2.50 per lb. (Jan. 27, 1995). BISMUTH: MW New York dealer US$3.80-4.00 per lb. (Jan. 20, 1995). CA…


Freeport plans smelter-refinery

Financing is in place for construction of a copper smelter-refinery in Indonesia. Freeport-McMoRan Copper & Gold (NYSE), with a 20% interest, has new partners for the US$550-million smelter-refinery a…


Viceroy out of MK Gold deal

Toronto-listed Viceroy Resource will not proceed with the private purchase of 9 million common shares representing 46.4% of MK Gold (NASDAQ). The deal involved Morrison Knudsen (NYSE), MK Gold’s large…


Golden Star OKs share exchange

The shareholders of Golden Star Resources (TSE) have approved an exchange of shares. One old common share of the company will be exchanged for one new common share and one-fifth of one Class B common …


Inco explores properties in Casa Berardi region

A program of line cutting, induced-polarization (IP) surveys and diamond drilling has begun on two properties held by Inco (TSE) in the Casa Berardi area of northern Quebec. In Casa Berardi Twp., Inco…


Mirage, partners drill testing Salvadoran play

Drilling on El Dorado, a gold project in El Salvador, has returned additional gold values for joint-venture partners Mirage Resources (VSE), Bethlehem Resources (TSE) and Dejour Mines (TSE). Bethlehem…


SHORT POSITIONS

Semi-monthly reports as of Jan 31, 1995 showed 239,236,777 shares of 783 issues compared with 244,193,506 shares of 792 issues on Jan 15, 1995. Larger individual positions included: Aber 49,040, down …


Roxmark options Placer property

Junior Roxmark Mines (TSE) can acquire Placer Dome’s (TSE) Key Lake gold property in Ontario’s Lindsey Twp. Previously, in an area referred to as the East pit, Placer drilled two vertical holes, 250 m…


Mill City and partners in Cuba and Mexico

A geophysical survey is being flown over the 2,000-sq.-km Florencia-Jobabo gold concession in Cuba in an effort to identify targets for follow-up drilling. Partners Mill City Gold Mining (VSE) and Mac…


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