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…
Articles by Northern Miner Staff
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 …
Companies (December 11, 1995)
INDEXAbcourtAdrianAgnico-EagleAmerican BllnAmerican Res.Anglo AmericanArequipaArgentina GldAsarcoAshanti GldfldsAtebaAtnaAvalonBarrick GoldBHP MineralsBreakwaterCabot CreekCaldera…
Study boosts resource at Petaquilla property
The size of the Petaquilla copper-gold resource in Panama has almost doubled.An interim scoping study by Fluor Daniel Wright estimates the diluted measured and indicated resource at 1.1 billion tonnes…
Weather hampers ANAK-1 drilling
Harsh weather has forced Tapestry Ventures (VSE) and Portman Explorations (VSE) to suspend drilling operations at their jointly held ANAK-1 property in the Voisey Bay area of Labrador.The companies re…