Surplus of concentrate may prove short-lived
The market for copper concentrates has moved firmly into surplus, owing to a sharp rise of just over 4.6% in global concentrate output. The surplus comes after a 3-year period during which time invent…
Articles by Northern Miner Staff
Spot prices at a glance (December 11, 1995)
Wednesday, December 6, 1995Week’s Price (US)ChangeGold*$387.60-$1.35Silver*$ 5.26+$0.04Platinum*$414.00-$1.00Nickel**$ 3.61-$0.10Lead**$ 0.34$0.00Copper$ 1.35$0.00Zinc$ 0.46…
Junior pursues sizable copper resource in central Philippines
If recent drilling success continues, International Pursuit (TSE) could find itself the proud owner of a major copper resource in the Philippine Islands.The company suggests that, by this time next ye…
METAL PRICES — FREE MARKET (December 11, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateDec. 5 Dec. 4Dec. 1 Nov. 30 Nov. 29Copper2950-2955 2980-29812957-2962 2913-29182987-2992Lead752.5-754.5 752.5-754.5756.5-758.574…
Dismal third quarter for Hecla
Gold and silver producer Hecla Mining (NYSE) received a blow when it was revealed that the lack of grade continuity at its Grouse Creek gold mine in central Idaho would lead to a significantly shorter…
COMMENTARY — MPs pledge support for mining
Federal members of Parliament have made an important step towards addressing the concerns of the Canadian mining industry. In early November, the House of Commons adopted Motion 292, which states that…
STOCK MARKETS — TSE posts record high as resource stocks rally
Strength in the resource stocks helped push the Toronto Stock Exchange composite index to record highs on Dec. 4 and 5. The TSE 300 finished the 5-day report period at 4,722.53, up 48.35 points from t…
Producer Prices (December 11, 1995)
ALUMINUM: MW U.S. market US77 cents-78 cents per lb. (Nov. 24, 1995).ANTIMONY: MW New York dealer US$2.20-2.40 per lb. (Nov. 24, 1995).BISMUTH: MW New York dealer US$4.00-4.30 per lb. (Nov. 24, 1995)….
Arequipa finds gold in Peru
Arequipa Resources (TSE) has identified several gold prospects along an 80-km-long, structurally controlled belt of rocks in northern Peru.The Vancouver-based junior is following up the discoveries wi…
Sun shines on Formation Capital as drilling progresses in central Idaho
Drilling has expanded the Sunshine cobalt-copper deposit in Lemhi Cty., Idaho.As part of a 30,000-ft. program, Formation Capital (TSE) extended the Sunshine Lode zone at depth, into an area previously…
Eastmain cuts sulphides at Akweskwa project
Diamond drills are turning at the Akweskwa project of Eastmain Resources (CDN), 60 km southwest of Timmins, Ont.Two holes have been drilled to date, for a total of 525 metres, and the program is expec…
Northair shifts focus to Mexico
International Northair Mines (VSE) is focusing its exploration efforts on two properties in Mexico.Among its assets in the country is an option to acquire the 6,000-hectare Lachatao project in Oaxaca …