News


Goldcorp cuts more gold in Red Lake

Toronto-listed Goldcorp has intersected high-grade gold values around existing zones at its Red Lake mine in northwestern Ontario.Twenty-five holes were drilled in five areas around known mineralizati…


Minorco to get 75% of Loma de Hierro

Minorco subsidiary AMSA will acquire a 75% interest in the Loma de Hierro nickel project from Jordex Resources (TSE) and Venezuelan partner Corporacion Caracas.A previous agreement entitles AMSA, whic…


EDITORIAL PAGE — What goes around, comes around

Copper producers have enjoyed robust prices of late, and though prices may weaken with an increase in supply, the long-term outlook for demand remains bullish.Many producers of the red metal have bene…



Spot prices at a glance (February 26, 1996)

Wednesday, Febuary 21, 1996Week’sPrice (US)ChangeGold*$398.50-$5.40Silver*$ 5.55-$0.14Platinum*$417.50-$4.00Nickel**$ 3.73+$0.05Lead**$ 0.36+$0.02Copper $ 1.13-$0.01Zinca$ 0….




Santa Fe records low profits in ’95

Santa Fe Pacific Gold (NYSE) recorded lower earnings in 1995 as a result of decreased production.The company earned US$39.8 million (or 30 cents per share) in 1995, down from US$56.7 million (46 cents…


Copper, moly prices gave boost to Cyprus Amax

On the strength of higher sales and lower costs, Cyprus Amax Minerals (NYSE) reported record earnings for 1995.Excluding writedowns and special items, the company earned US$462 million (US$4.77 per sh…



Meetings (February 26, 1996)

MEETINGSMarch 5, Braiden March 5, Canadian Reserve Gold March 6, Rhino March 7, Chargold March 7, Latin American Gold March 8, Copper Dome March 8, Jilbey March 8, Kookaburra March 8, Golden Hill Marc…


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