Hope Brook: If at first you don’t succeed . . .
Beyond such factors as grade, mining method and metallurgy, successful mining requires efficient, constant throughput from mine to mill to tailings. In its previous incarnation, under former owners BP…
News
Zinc miner Curragh near bankruptcy
A steady decline in zinc prices combined with repercussions from the Westray mine disaster have taken Curragh (TSE) to the brink of bankruptcy. Shortly after suspending production at its Faro lead-zin…
Royal Oak ready to take on Windy Craggy
While other companies are rushing offshore to pursue opportunities, Royal Oak Mines (TSE) is picking up bargain-priced projects in its backyard. In early April, the company completed the purchase of t…
Exploration shaft sunk at Holloway
A shaft has been sunk at Hemlo Gold Mines’ (TSE) Holloway gold project, near Matheson, Ont. The 441.4-metre exploration shaft was finished in March, on schedule and slightly under budget, says Ian Atk…
PRODUCER PRICES (April 12, 1993)
ALUMINUM: MW U.S. market US52.75-53.50 cents per lb. (Apr. 1, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 11, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992…
Kingswood buys Acadia shares
Toronto junior Kingswood Resources (ASE) will buy 12.2 million common shares (51%) of Acadia Mineral Ventures (TSE) from Hecla Mining (NYSE). In exchange, Hecla will receive five million treasury shar…
PEOPLE — VENEZUELAN GOLDFIELDS (April 12, 1993)
Ian Telfer appointed president and chief executive officer. N5…
GUEST COLUMN — Caution advised in interpreting garnet data
Garnet is one of the most important indicator minerals used in the search for kimberlites, and the presence of purple Cr-rich pyrope is an almost-certain indication that one is on the right track. Oth…
PEOPLE — INTL BLUE SUN
Murray Pezim appointed director and elected chairman of the board. N5…
INSIDER TRADING — McDonald cuts Golden Knight ties
One of the founders of Golden Knight Resources (TSE) and promoter of the Casa Berardi gold find, Bruce McDonald, has sold most of his remaining shares of the junior. In its OSC Bulletin, the Ontario S…
Hope Brook plans copper recovery
Along with gold, the Hope Brook orebody runs about 0.2% copper. Until now the copper was discharged to the tails. However, on her last tour of inspection in early March, President and Chief Executive …
METAL PRICES — FREE MARKET (April 12, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 6 Apr. 5 Apr. 2 Apr. 1 Mar. 31 Copper 1373-1374 1388-1389 1410-1411 1406-1407 1…