METALS MARKETS — Spot prices at a glance
Weeks Price (US) Change Gold* $385.65 – $0.75 Silver* $ 5.09 + $0.09 Platinum* $388.50 + $3.00 Nickel** $ 2.42 + $0.02 Lead** $ 0.22 + $0.01 Copper $ 0.82 + $0.01 Zinc $ 0.44 – $0.01 Courtesy of Scoti…
News
Green light for Freeport expansion
By the end of 1995, Freeport-McMoRan Copper & Gold (NYSE) expects to have expanded its mine and mill in Indonesia. An expansion to 115,000 from 66,000 tonnes per day is planned. The completion is to b…
1993 A LOOK BACK — Brookbank appeal, Seabright ruling
Significant court rulings in 1993 included an appeal decision concerning the Brookbank gold project in northwestern Ontario and the Seabright case in Nova Scotia. In a decision by the Ontario Court of…
GOLD FUNDS (January 03, 1994)
Gold Funds as of Dec. 28 BGR Central Net Value $15.78 $6.49 Price $14.25 $6.750 Premium 4% Discount 9.67% Value $88,367,000 $122,170,275…
Record price paid for Nymex seat
A seat on the New York Mercantile Exchange (Nymex) recently sold for a record US$400,000. The previous high of US$395,000 was set a few days earlier, which surpassed an earlier record value of US$350,…
Flag resumes drilling Wanapitei anomaly
Drilling has resumed at Flag Resources (ASE) Wanapitei property near Sudbury, Ont. At presstime, a 1,700-ft. hole at Wolf Lake had been extended to 2,000 ft. on its way to a targeted depth of 3,000 ft…
Rio Algom terminates Key Anacon option
Citing the unlikelihood of finding a base metals deposit to meet its economic requirements, Rio Algom (TSE) has dropped its option on the Key Anacon Mines (TSE) property in the Bathurst camp of New Br…
Table Mountain development going smoothly for Cusac
Murphys Law appears to have been repealed at the Table Mountain project near Cassiar, B.C. Cusac Industries (TSE) has found that the Michelle Highgrade zone is not under water as previously thought. I…
Saudia Arabia an oasis of exploration
Saudi Arabia is known primarily for three things oil, sand and petro-dollars. The Saudis want to add metal mining to that list. Few people regard the desert kingdom as holding out much hope for base o…
Ontario orders Denison to post $100 million bond
Already teetering on the verge of bankruptcy, Denison Mines (TSE) has been pushed even closer to the edge after being served two orders by the Ontario government to clean up its former uranium mining …
Expectations run high for Kilometre 88
Hopes are high for companies active in Venezuela, particularly those with ground in the Kilometre 88 region on the eastern border of the country. Placer Dome (TSE) sparked a rush in the area in late 1…
Review promised of Windy Craggy
British Columbias ombudsman has promised to review the process that led to the provincial governments decision to create a park in the northwestern area known as Haines Triangle. Last year, Premier Mi…