Flag continues drilling in Sudbury
A second hole is under way at Flag Resources’ Mackelcan Twp. gold property northeast of Sudbury, Ont. The hole is being drilled to test a mineralized breccia zone which the company says contains “sign…
Articles by Northern Miner Staff
Fairfield Minerals sells ore to Asarco
Another gold sale was made by Fairfield Minerals (TSE) from test-mining activities at its Siwash North deposit near Merritt, B.C. The company sold 2,200 tons of high-grade ore to Asarco, to be process…
Steen to address CIM luncheon
Guest speaker at the Oct. 14 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum will be Peter Steen, president of Homestake Mining of San Francisco. Steen’s t…
WAMIC names raffle winners
The Women’s Association of the Mining Industry has announced the winners of the raffle held at the group’s “Out-of-Africa” fall fair near Toronto. * First prize: a trip for two to South Africa. Winner…
METAL PRICES — FREE MARKET (October 11, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Oct. 5 Oct. 4 Oct. 1 Sept. 30 Sept. 29 Copper 1663-1664 1668-1669 1679-1680 1663-1664 1699-1700 Lead 355-356 364-365 361-362 364-365 365…
Spot prices at a glance (October 11, 1993)
Wednesday, Oct. 6 Week’s Price (US) Change Gold* $353.50 – $1.05 Silver* $354.15 + $0.09 Platinum* $359.25 – $1.75 Nickel** $351.91 + $0.05 Lead** $350.16 – $0.01 Copper $350.76 – $0.01 Zinc $350.41 +…
FINANCING (October 11, 1993)
Argosy Mining — 6,000,000 partial guaranteed offering shs with a maximum of 8,000,000 shs @ 50 cents Australian. Canrise Resources — 2,500,000 shs @ $1.75. Potash Corp. of Saskatchewan — 4,000,000 …
PRODUCER PRICES (October 11, 1993)
ALUMINUM: MW U.S. market US51.75-52.75 cents per lb. (Sept. 23, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1…
TORONTO STOCK EXCHANGE INDICES (October 11, 1993)
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Noranda Minerals spins off advanced materials company
A new business unit known as Noranda Advanced Materials has been opened in Ville Saint-Laurent, Que. The company is an offshoot of Noranda Minerals, itself a subsidiary of Noranda (TSE). It will produ…
Copper slump forces Arimetco to trim
Flagging copper prices have prompted Arimetco International (TSE) to cut costs. Staff at the Tucson office was reduced by 20%, company cars were eliminated and officers suffered salary cuts. Indeed, C…
Orvana drilling
Drills are turning at the Butte Highlands gold property, 15 miles south of Butte, Mont. Orvana Minerals (TSE) hopes to expand the resource in the Nevin Hill area from the previous preliminary estimate…