News

Barrick announces record output, earnings for 1992

For the seventh consecutive year, American Barrick Resources (TSE) has posted record production and earnings. The company produced more than 1.3 million oz. gold in 1992 compared with 789,846 oz. in 1…


Cabot becomes sole Tanco owner

Full ownership of Tantalum Mining Corp. of Canada (also known as Tanco) has been acquired by Cabot Corp. of Boston. Cabot, which owned a 37.5% interest in the Manitoba tantalum and lithium producer, a…


PRODUCER PRICES (February 15, 1993)

ALUMINUM: MW U.S. market US56-57 cents per lb. (Jan. 28, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CA…


Russian conference on industrial minerals

An international conference on industrial minerals will be held in Petrozavodsk, Russian Karelia, Sept. 7-14. English will be the language used at the conference. The meeting, arranged by the Russian …



Placer Dome eyes Stockade Mountain

A recent letter of intent sets the stage for a wholly owned unit of Placer Dome (TSE) to earn up to a 70% working interest in Carlin Gold’s (ASE) Stockade Mountain gold property in Malheur Cty., Ore. …


Drill program planned for Alabama property

Joint venture partners Orvana Minerals (TSE) and the U.S. subsidiary of Placer Dome (TSE) recently approved a US$150,000 exploration program for the Alabama Gold project in eastern Alabama. Placer can…


Western Int’l. options Arizona copper play

Western International Explorations (CDN) has optioned the Stray Elephant copper property in the Oro Fino mining district of Arizona, near the California border. Under the agreement, the company has an…


Spot prices at a glance (February 15, 1993)

Week’s Price (US) Change Gold* $328.70 $0.90 Silver* $ 3.71 + $0.04 Platinum* $367.75 + $8.15 Nickel** $ 2.72 + $0.10 Lead** $ 0.19 $0.00 Copper $ 1.01 $0.00 Zinc $ 0.49 $0.01 Courtesy of Scotiabank. …


Nunavut staking rush yields a microdiamond

Staking activity sprouted in a new area of the Northwest Territories recently, and one of the principal landholders has already found a tiny diamond. Focusing on a large area known to host lamproite p…


Focus on remediation

A short course, scheduled for March 21-22, will highlight advanced remediation technologies and case histories. Focus will be on solid and hazardous waste issues of the 1990s that involve the mining, …


Charges hurt Cyprus’ 1992 results

Special charges against 1992 earnings pushed Cyprus Minerals (NYSE) well into the red with a loss of US$333.6 million, or about US$8.46 per share. The loss resulted from special charges totalling US$4…


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