News

NEWS ROUNDUP — Jordex expands Brazilian holdings

Toronto-listed Jordex Resources has augmented its South American holdings by acquiring, through a wholly owned subsidiary, two concessions in the central Brazilian Shield. The Pontes E Lacerda concess…


ODDS’N’SODS — The detachable drill bit

I well remember the good old days when the “integral” drill rod was employed in mining. After use, each rod was carefully carted to the blacksmith’s shop where the bit was thrust into glowing coals to…


Hemlo workers favor Steelworkers

Unionized workers at Hemlo Gold Mines’ Golden Giant operations in northwestern Ontario have rejoined the United Steelworkers of America. In June, the workers voted to decertify the union. In the lates…


Digital dataset of China planned

The Aero Geophysical Survey and Remote Sensing Centre (AGS/RSC) of China’s Ministry of Geology and Mineral Resources has joined with Paterson, Grant & Watson of Toronto to produce a digital dataset of…


Namibia awards contracts for airborne survey work

Two companies have won contracts to acquire, process and market high-resolution airborne geophysical data over selected areas of Namibia. The Geological Survey of Namibia says the survey work by Compa…



Fairfield program

With the completion of the 1994 open pit mining program at the Siwash North gold mine, near Merritt, B.C., Fairfield Minerals (TSE) will begin a $1.5 million underground program. Ore sales to the Asar…



METAL PRICES — FREE MARKET (October 31, 1994)

London Metal Exchange Spot closing prices in $US per tonne Date Oct 25 Oct 24 Oct 21 Oct 20 Oct 19 Copper 2582-2583 2560-2562 2552-2553 2585.5-2586.5 2542-2543 Lead 644.5-645.5 646.5-647.5 650.5-651.5…


Spot prices at a glance (October 31, 1994)

Week’s Price (US) Change Gold* $388.80 – $0.20 Silver* $5.31 – $0.05 Platinum* $420.70 + $3.55 Nickel** $3.26 + $0.19 Lead** $0.30 + $0.01 Copper $1.20 + $0.06 Zinc $0.50 + $0.02 Courtesy of Scotiaban…


Gold Funds (October 31, 1994)

BGR Central Net Value $18.52 $6.81 Price $14.38 $7.00 Premium 2.8% Discount 22.39% Value $150,490,000 $126,695,100…


Mexican venture for Cambior

Montreal-based Cambior (ME) will enter a joint venture with Aurizon Mines (VSE) concerning the latter’s La Reyna copper-gold property in Mexico’s Sinaloa state. Situated 30 km east of the port city of…


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