Spot prices at a glance (February 13, 1995)
Wednesday, Feb. 8 Week’s Price (US) Change Gold* $374.80 – $1.45 Silver* $4.67 – $0.01 Platinum* $408.75 – $6.75 Nickel** $3.62 – $0.76 Lead** $0.25 – $0.04 Copper $1.28 – $0.05 Zinc $0.45 – $0.06 Cou…
Articles by Northern Miner Staff
NEWS ROUNDUP — Exall, MacMillan option Wakadanawa
Two TSE-listed juniors — Exall Resources and MacMillan Gold — intend to explore and develop a large gold prospect in southern Guyana. Known as the Wakadanawa, the 60,000-acre property lies in a rela…
Hemlo to drill Northfield holdings
Toronto-listed Hemlo Gold Mines will conduct surface drilling on several deep gold targets on Northfield Minerals’ (TSE) holdings in northern Ontario. Hemlo can earn a half interest in 46 claims, whic…
Work program at Gross Rosebel
Near the coast of Suriname, Golden Star Resources (TSE) and Cambior (TSE) have completed trenching and drilling on the Gross Rosebel gold prospect. The program, which cost US$3.7 million, was aimed at…
METALS COMMENTARY — Metals in period of consolidation
After rising almost non-stop throughout 1994, most metals are showing some signs of consolidating despite the fact that inventories are starting to decline slowly but steadily. Producers of most metal…
OroGrande interested in Brazil
Alberta-listed OroGrande Resources, formerly known as Trev, intends to acquire an 80% interest in the Princeza gold mine property in Brazil’s Paraiba state. The junior will spend $3.3 million and make…
Copper, molybdenum prices boost Cyprus Amax earnings
Higher molybdenum and copper prices last year enabled Cyrus Amax Minerals (NYSE) to report earnings of US$175 million (or US$1.69 per share) on revenues of US$2.8 billion. That compares with earnings …
Base metal prices put Cominco back in black
Several positive factors — improved sales and production volumes, higher base metal prices and a favorable exchange rate — helped Cominco (TSE) report net income of $132.1 million for 1994, compared…
Centurion Mines begins work at Mammoth
Preliminary development is under way at the Mammoth mine in the Tintic mining district near Salt Lake City, Utah. The rehabilitation of underground tunnels from the 300-ft. level to surface is allowin…
Scintrex awarded new contracts
Instrument maker Scintrex has received new orders worth $4.6 million in total. The Concord, Ont.-based company says its orders include $2.8 million for geophysical instrumentation, $1 million for port…
PEOPLE — MONGOLIA GOLD (February 13, 1995)
David Duval appointed director.
Special event for Science North
The Ontario Ministry of Northern Development and Mines will provide a grant of $10,000 to Science North in Sudbury, Ont., for a special event celebrating the science and technology being developed and…