U.S. government dumps metals
Adding to the intricacies of marketing metals are the strategic inventory purchase and sales programs of the U.S. government. The programs were announced in 1992 and, currently, several non-ferrous me…
News
Vancouver company to mine Boleo copper — Historic Santa
To passing tourists, the tiny seaside town of Santa Rosalia is a place for a quick bite or a tank of gas as they make their way south, down the Baja California peninsula, to sport fishing and holiday …
PRODUCER PRICES (July 12, 1993)
ALUMINUM: MW U.S. market US54.75-55.75 cents per lb. (June 24, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
Bethlehem, Dejour and Mirage in El Salvador
A joint-venture consisting of Mirage Resource (VSE), Bethlehem Resources (TSE) and Dejour Mines (TSE) will explore a gold mine project, El Dorado, in El Salvador. Mirage negotiated an agreement to acq…
New provincial budget rules — Some Ontario juniors eligible
In its May 19 budget, the Ontario government announced a change to the province’s capital tax legislation which will bring relief to companies which issue flow-through shares. After almost 18 months o…
PEOPLE — AKIKO GOLD (July 12, 1993)
Stephen Flechner appointed president and chief executive officer; Raymond Irwin appointed vice-president, exploration. N5…
Spot prices at a glance (July 12, 1993)
Week’s Price (US) Change Gold* $ 397.25 + $18.25 Silver* $ 5.17 + $0.59 Platinum* $ 408.75 + $23.05 Nickel** $ 2.34 – $0.09 Lead** $ 0.17 – $0.01 Copper $ 0.88 + $0.02 Zinc $ 0.42 $0.00 Courtesy of Sc…
Northfield plans exploration of California gold property
Privately owned Canyon Mineral has granted Northfield Minerals (ASE) an option to explore and develop the Chuckwalla gold claims, 25 miles west of Blythe in Riverside Cty., Calif. In return, Canyon re…
Glamis glitters — At Mexican play, a leach test
A bulk leach test will be conducted by Glamis Gold (TSE) at the Cieneguita project in the northern Mexican state of Chihuahua. Glamis is earning a 60% interest from Aquiline Resources (VSE) by advanci…
NEWS ROUNDUP — Radisson in deal with Hemlo Gold
Three properties in Quebec’s Destor Twp., north of Rouyn-Noranda, are being explored, Radisson Mining Resources (ME) reports. The junior has reached an agreement with Hemlo Gold Mines (TSE) covering t…
DIAMOND PAGE — Record diamond sales
Sales of rough diamonds by De Beers’ Central Selling Organization (CSO) were US$2.54 billion in the first half of 1993, 42% higher than in the corresponding period a year ago. In dollar terms, sales i…
DIAMOND PAGE — Geophysical targets identified on Etruscan
Vancouver-listed Etruscan Enterprises reports that both Paterson, Grant and Watson (PGW) and Geonex Aerodat have conducted geophysical work on its Hackett River property in the Northwest Territories. …