Price protection for Cyprus
A price protection program ensures that Cyprus Minerals (NYSE) will receive a minimum average sales price of about US94 cents per lb. on about 90% of its projected 1993 copper sales. The program also …
Articles by Northern Miner Staff
Dundee-Palliser gets government loan to purchase Gays River
The government of Nova Scotia will lend Dundee-Palliser (TSE) $6 million to help it buy the Gays River zinc-lead mine from Westminer Canada. The loan is subject to satisfactory zinc and lead prices an…
KWG Res. moves into French Guiana
Montreal-based KWG Resources has agreed in principle to earn a 100% interest in 15 gold concessions in French Guiana from Bureau de recherches geologiques et minieres of France. The concessions lie al…
DIAMOND PAGE — In the Northwest Territories . . . Braiden,
— Braiden Resources (VSE) has agreed to earn a 50% interest in a 72,000-acre property held by Super Twins Resources (VSE) in the George Lake area, northeast of Lac de Gras. To earn the interest, Brai…
Equinox watching as gold prices rise
The recent rise in the price of gold has made Equinox Resources (TSE) all the more hopeful that its Zenda project, near Bakersfield, Calif., can soon be brought into production. President Ross Beaty w…
INSIDER TRADING — Metalore director sells before ruling
With an appeal still under deliberation for ownership of the Brookbank gold property near Beardmore, Ont., a director of Metalore Resources (TSE) has sold about a third of his stake in the company. Ac…
Rock mechanics symposium planned
The University of Texas, in Austin, will be the site of the first North American Rock Mechanics Symposium on June 1-3, 1994. This symposium, a regional meeting of the International Society for Rock Me…
Prof compiles deposit data
An economic geology professor at the University of Manitoba in Winnipeg has set up a library of samples, thin sections, photos and maps from more than 3,000 ore deposits around the world. Dr. Peter La…
Mahogany drilling
Vancouver-based International Mahogany (TSE) plans to drill 12 holes totaling 11,000 ft. on the Southern Cross gold property in Montana. The program will test deep structural and geophysical skarn tar…
Uranium report due in October
A report on three proposed uranium mining projects in Saskatchewan will be complete by Oct. 15, says Canadian Press. Donald Lee, chairman of the panel studying the developments, estimated the panel ha…
PRODUCER PRICES (May 31, 1993)
ALUMINUM: MW U.S. market US52.50-53.50 cents per lb. (May 13, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 26, 1993). BISMUTH: MW New York dealer US$2.50-2.70 per lb. (Mar. 26, 1993…
Cornucopia reviews Tonkin Springs
With Homestake Mining (NYSE) out of the picture, U.S. Gold (NASDAQ) has signed an agreement giving Cornucopia Resources (TSE) an option to acquire a 55% interest in the Tonkin Springs mine and mill in…