Producer prices (August 28, 1995)
ALUMINUM: MW U.S. market US88 cents-89 cents per lb. (August 11, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$3.65-3.75 per lb. (August 4, 199…
Articles by Northern Miner Staff
Alta buys Olinghouse gold properties
Junior producer Alta Gold (NASDAQ) has made the final payment of US$2.25 million for the Olinghouse gold property near Reno, Nev.The company paid a total of US$6.9 million to Phelps Dodge (NYSE) for t…
Armada to control Russian project
A series of agreements with its Russian joint-venture partner will give Armada Gold (ASE) an additional 17% interest in mineral licences in Russia.Armada’s Russian partner, Baleyzoloto, will sell 7% o…
Noranda doubles net earnings
A strong performance by both its mining and forestry divisions enabled Noranda (TSE) to more than double net earnings for the first six months of 1995, compared with the first half of 1994.The resourc…
Black Hawk pulls more gold at Hoyle Twp.
The second phase of drilling at the Hoyle Twp. project, 15 km east of Timmins, Ont., continues. Operator Black Hawk Mining (TSE) reports 1,734 metres of drilling is now complete in six holes.The new h…
JAG produces gold from Belleterre
Persistence has paid off for one junior exploration company in western Quebec. Initial development of the Aubelle deposit by JAG Mines (ME) has yielded 1,300 tonnes of development ore.After processing…
Noranda buys into smelter
The growing Chilean copper smelting business has attracted Noranda Metallurgy.The company, a unit of Noranda, (TSE), has agreed to buy a 24.8% interest in Fundicion Refimet, operator of the Antofagast…
METALS COMMENTARY — Metals markets show strength as summer season draws to close
Manufacturers of base metals and stainless steel remain busy, and scrap prices are again stronger, as the summer holiday season draws to a close.Markets are characterized by ongoing realignments, rati…
Exploration planned at Gold Eagle mine
Exploration progress in the Red Lake camp of Ontario has encouraged Canadian Golden Dragon Resources (VSE) to enter into an agreement with Exall Resources (TSE) for a work program at the latter’s Gold…
Chesbar Res. and Corner Bay launch exploration programs
Two gold occurrences on the La Salle II concession in Bolivar state, Venezuela, will be drilled as part of a project managed by Chesbar Resources (ME).The company is amassing a land position in the st…
COMMENTARY — Miners miffed by Washington’s rejection of regulatory reform
“President Clinton and a majority of Senate Democrats have effectively killed chances for this country to save lives, save money and create new jobs for American workers by rejecting regulatory reform…
Geophysics start in Costa Rica
Airborne geophysical surveys are under way on Costa Rican properties held by Barrick Gold (TSE), Lyon Lake Mines (ME) and Placer Dome (TSE).The three companies hold adjacent ground in the Sarapiqui be…