Spot prices at a glance (June 28, 1993)
Price (US) Week’s Change Gold* $367.00 – $3.00 Silver* $ 4.27 – $0.05 Platinum* $372.65 – $8.10 Nickel** $ 2.49 – $0.02 Lead** $ 0.18 $0.00 Copper $ 0.85 + $0.01 Zinc $ 0.42 $0.00 Courtesy of Scotiaba…
Articles by Northern Miner Staff
MSV, Soquem in placement deal
An agreement has been concluded between MSV Resources (ME) and Soquem whereby the latter will make a $1.2-million private placement to explore the Copper Rand and Portage properties in Chibougamau, Qu…
CHILEAN REVIEW — Rutile potential for Adex
A pair of rutile properties in northern Chile offer potential for Adex Mining (TSE). The wholly owned properties, Barranca Negra and La Rosada, are about four kilometres apart. At Barranca Negra, prel…
CHILEAN REVIEW — Outokumpu tests Chilean project
A potential copper deposit in northern Chile, about 140 km northeast of Antofagasta, has been reported by Outokumpu Copper Resources. Santa Catalina hosts preliminary reserves of more than 100 million…
Mountains dominant feature of Chile’s varied landscape
The South American country of Chile is easily recognizable on a map. Long and narrow and fronting on the Pacific Ocean, it extends 4,300 km from Peru and Bolivia along its northern frontier to Cape Ho…
LAST BUT NOT LEAST — Eldor closes sale of Cameco shares
Canada Eldor, a wholly owned unit of federally owned Canada Development Investment Corp., has sold five million shares of Cameco (TSE) to the public at $20.50 per share. The sale reduces federal owner…
Arauco starting with basics
Through grassroots exploration, mainly in Chile, Arauco Resources (VSE) hopes to find its way to producer status. The jointly owned company has been concentrating efforts in southern Chile on the prem…
Bema looks for improved year
With President Clive Johnson likening his company’s past fiscal year to the recent misfortunes experienced by Britain’s royal family, Bema Gold (TSE) is looking ahead to better times. Faced with extre…
LAST BUT NOT LEAST — Amax suspends Hayden mill
Persistently low head grades at the Hayden Hill mine have prompted Amax Gold (NYSE) to suspend milling temporarily. The mine, near Susanville, Calif., started up in the third quarter of 1992 and has s…
Placer updating Zaldivar study
An updated feasibility study for development of Placer Dome’s (TSE) 50%-owned Zaldivar copper property is to be completed by early July. Situated in the Atacama desert of northern Chile, Zaldivar is e…
Canada’s top gold mines pass peak
For the first time in years, annual production from Canada’s largest gold mines has declined rather than increased. Mainly as a result of lower grades at the big Hemlo mines in Ontario, cumulative pro…
Altai seeking new prospects
With more than $5 million in working capital, Altai Resources (TSE) is looking to expand its gold property holdings in South America, shareholders learned at the annual meeting. The Toronto-based juni…