Market conditions have entered a period of unusual volatility. Refinery producers of all metals are aggressively selling product to maintain market share, keep costs low and reduce inventories. Unless…
Citing low gold prices and a decrease in gold production and grade at its Kerr mine near Virginiatown, Ont., Deak Resources reported a net loss of nearly $8 million in 1992. That compares to a profit …
Consolidated Ramrod Gold (TSE) intends to buy Chapleau Resources’ (VSE) interest in the FORS and Jor properties in southeastern British Columbia. The purchase price is $1.5 million. Meanwhile, Chaplea…
The Oracle Ridge underground copper mine in southwestern Arizona should make money in April, reports 70%-owner South Atlantic Ventures (VSE). The mine is producing about 1,000 tons per day while mill …
Study of Metals and Precious Stones in Southern Wyoming, Geological Survey of Wyoming, P.O. Box 3008, University Station, Laramie, Wyoming 82071, U.S.A. US$12. The GSW’s Mineral Report 93-1 summarizes…
Underground drilling on Zone 20 at the LaRonde mine in northwestern Quebec continues to yield encouraging results for Agnico-Eagle Mines (TSE). Hole 20-103, drilled 200 ft. below a previous high-grade…
It was interesting reading the Odds ‘n’ Sods story “The San Antonio gamble” (T.N.M., Apr. 19/93). I wish to add that Capt. A.H. Farrington flew out the San Antonio mine’s first gold brick to the railh…
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 27 Apr. 26 Apr. 23 Apr. 22 Apr. 21 Copper 1198-1199 1192-1193 1191-1192 1205-12…
Production of the Louvicourt project is scheduled to begin in October, 1994, a short five years after discovery of the base metal deposit, northeast of here. “Quebec is still the best place to explore…
Production has started at the Astoria gold mine near Rouyn-Noranda, Que., reports operator Deak Resources (TSE). Mining of 12,000 tons per month will be carried out by Val d’Or, Que.-based contractor …
Rayrock Yellowknife Resources (TSE) has entered an agreement with First Marathon Securities for a private placement of 500,000 subordinate voting shares at $12.125 per share for gross proceeds of almo…
The majority owner of the producing Omai gold mine in Guyana has increased its interest by 5%. Cambior (TSE) has exercised an option granted by Golden Star Resources (TSE) and will pay $2 million to G…
By continuing to browse you agree to our use of cookies. To learn more, click more information
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.