Weak prices hurt Noranda
Weak metals prices and production cutbacks took their toll on Noranda (TSE), which lost $37 million in 1993, compared with net earnings of $79 million in the previous year. Earnings from mining and me…
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PRODUCER PRICES (February 21, 1994)
ALUMINUM: MW U.S. market US59.50-62.00 cents per lb. (Feb. 3, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 199…
METAL PRICES — FREE MARKET (February 21, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Feb. 15 Feb. 14 Feb. 11 Feb. 10 Feb. 9 Copper 1820-1821 1827-1828 1823-1824 1854-1855 1853-1854 Lead 451-452 474-475 480-481 485-486 489…
Lumina in gold, diamond hunt
The search for gold and diamonds is keeping Lumina Investment (VSE) active in the Northwest Territories and Saskatchewan. The Vancouver-based junior, of which Robert Hunter is president, claims varyin…
Vauquelin funding
A flow-through financing by Societe en commandite Vauquelin 1993 has raised $236,000 for Vauquelin Mines (ME). The junior plans to explore two properties in northwestern Quebec: Fourax, near Malartic,…
Brimstone reserve significantly higher
The proven and probable figure has just swelled at the Crofoot-Lewis open pit in northwestern Nevada. Having subjected the Brimstone deposit to further evaluation, Hycroft Resources & Development (VSE…
NEWS ROUNDUP — Hughes Lang merger completed
An amalgamation involving Hughes Lang has been carried out. The Vancouver-listed company has merged with three Toronto-listed juniors: Orofino Resources, Nova-Cogesco Resources and Equity Reserve. The…
ODDS’N’SODS — The great diamond fraud of 1872 (1)
(The following 3-part story is compiled from contemporary accounts in the “Engineering and Mining Journal” and the “San Francisco Daily Evening Bulletin.”) It was 1870. The U.S. Civil War had been ove…
Municipalities indicate their support for mining
More than 110 municipalities across the country have adopted resolutions in support of the campaign to “Keep Mining in Canada” The Canadian Mineral Industry Federation says 26 resolutions have been pa…
PEOPLE — PANARIM RESOURCES (February 21, 1994)
William Radvak appointed president and director; Rachel Alter appointed director.
PEOPLE — CANMARK INT’L RESOURCES
W. Wellman appointed chairman; Christopher Lee appointed president and chief executive officer; Sabina Boroevich, Leonard Doucette and Jack Basford appointed directors.
PEOPLE — CITY RESOURCES (CANADA)
Ray Soper elected chairman and director; Robin Slaughter appointed director and president; Peter Stokes and Jon Stewart elected directors.