METAL PRICES — FREE MARKET (October 10, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Oct 4 Oct 3 Sept 30 Sept 29 Sept 28 Copper 2507-2508 2471.5-2472.5 2476.5-2477.5 2518-2519 2558.5-2559.5 Lead 628-629 622.5-623.5 620-62…
News
Aggressive growth strategy — Kinross to acquire Ridgeway
Having agreed to buy the Ridgeway mine near Columbia, S.C., Kinross Gold (TSE) is poised to generate 500,000 oz. gold and gold equivalent per year. It will acquire the mine by buying Kennecott Ridgewa…
GOLD FUNDS (October 10, 1994)
BGR Central Net Value $18.41 $6.90 Price $16.00 $7.00 Premium 1.4 Discount 13.09% Value $149,568,000 $126,695,100…
Wrightbar, Charlim plan new company
A new company is to be formed, combining some of the gold and lithium properties held by Wrightbar Mines (ME) and Charlim Resources (VSE). Wrightbar shares will be consolidated on a 2-for-1 basis, aft…
PRODUCER PRICES (October 10, 1994)
ALUMINUM: MW U.S. market US78.5-79.5 cents per lb. (Sept. 22, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 30, 1994). BISMUTH: MW New York dealer US$3.90-4.30 per lb. (Sept. 30, 199…
Placer to spend US$35 million at Campbell gold mine
A US$35-million project to deepen the shaft at the Campbell gold mine in Balmertown, Ont., should sustain annual production of 300,000 oz. beyond the year 2000. Beginning in January, owner Placer Dome…
COMMENTARY — Silver multilayer systems catch on
U.S. fabrication demand for silver in electronic-electrical applications jumped to more than 18.8 million oz. in 1993 from 18.3 million oz. in 1992. A significant cause of that 500,000-oz. increase is…
ODDS’N’SODS — The benefits of mining
Mine-finding is perhaps the most difficult and financially hazardous task undertaken in the industrial world. Success requires supreme dedication or phenomenal luck, or some part of both. Few people u…
TVX buys stake in Czech property
Toronto-based TVX Gold (TSE) has acquired a 90.5% equity interest in a Czech company which holds the Kasperske Hory gold property. Situated 160 km southwest of Prague in the Czech Republic, the proper…
BOOK REVIEW — Ontario’s rocks
Rock ONtario, published by the Ministry of Northern Development and Mines. Contact: Mines and Minerals Information Centre, Room M2-17, Macdonald Block, 900 Bay St., Toronto, Ont. M7A 1C3, or Publicati…
U.S. Congress fails to reform 1872 Mining Law
Intense lobbying from mining companies and the impending end of the congressional session in the U.S. have sunk efforts to rewrite that country’s 122-year-old Mining Law. In late September, frustrated…
10 (October 10, 1994)
Consistent with its objective of becoming a pure silver company, Pan American Minerals (TSE) is acquiring two undeveloped silver properties in the U.S. from Asarco (NYSE). The principal property is th…