News

After suffering through an icy winter startup, the Lac des Isles platinum group metals (PGM) mine, 60 miles north of Thunder Bay, Ont., has entered the “commercial production” phase. An operating prof…

Development of La Candelaria, a copper-gold mine in northern Chile, remains on schedule for startup in 1995. Phelps Dodge (NYSE) discovered the deposit in 1987 and subsequently sold a 20% working inte…

Jerry Blackwell appointed director and president; Kenneth Trochik appointed chairman.

G. Thompson appointed director.

Alan Izaak appointed director.

BGR Central Net Value $18.08 $7.02 Price $15.25 $7.625 Premium 8.6% Discount 15.66% Value $146,903,000 $138,077,163…

Thomas Bergman appointed director.

Stephen Flechner appointed director, president and chief executive officer; Raymond Irwin appointed director and vice-president of exploration.

Price (US) Change Gold* $393.10 + $9.60 Silver* $ 5.54 + $0.18 Platinum* $408.75 + $7.25 Nickel** $ 2.84 – $0.04 Lead** $ 0.24 $0.00 Copper $ 1.09 + $0.01 Zinc $ 0.44 $0.00 Courtesy of Scotiabank. Inf…

Composite “300” 4047.55 4088.45 4156.78 4163.45 4166.27 4609.93 3518.31 Metals & Minerals 3620.57 3654.17 3740.52 3724.44 3738.37 3879.59 3273.56 Integrated Mines 3829.68 3852.50 3955.20 3929.55 3955….

Toronto-based Joutel Resources (TSE) has received encouraging results from its Cuban holdings. Since January, the company has been collecting data on its concessions in the Santa Clara, Camaguey and S…

A final feasibility study is nearing completion for the Fachinal gold-silver project in southern Chile, reports Coeur d’Alene Mines (NYSE). A production decision is expected shortly, says Chairman Den…