PRODUCER PRICES (July 24, 1995)
ALUMINUM: MW U.S. market US84.5-85.5 cents per lb. (July 7, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995).CAD…
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METAL PRICES — FREE MARKET (July 24, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJuly 18 July 17July 14July 13July 12Copper3178-3180 3198-32023200-32053215-32173213-3214Lead633-634 642-643 645-646 640-641…
STOCK MARKETS — Reports from Labrador add zest to western markets
The usual summer doldrums are nowhere to be seen on western markets, as eager investors jockey for position in the growing suite of Labrador area stocks.Over the report period ended July 18, the Vanco…
Arimetco takes on the Sullivan deposit
Continuing its pattern of picking up small copper deposits, Arimetco International (TSE) has agreed to acquire the Sullivan deposit near Gabbs, Nev.The property, also known as the Cuervo, is an intrus…
Northfield drill-tests Panamanian gold project
A subsidiary of Northfield Minerals (TSE) has completed a program of reverse-circulation drilling on the Minera Remance property near Panama City.The subsidiary, which is earning up to an 86% interest…
NEWS ROUNDUP — Armistice continues sampling
Bulk sampling has enhanced the potential of Armistice Resources’ (ME) gold property in Virginiatown, Ont.The company mined a 3,200-ton bulk sample with an estimated grade of 0.3 oz. gold per ton. The …
Inco buys back shares
Nickel giant Inco (TSE) will repurchase up to 10 million (about 10%) of its common shares.The repurchase is expected to end no later than July 12, 1996. The shares will be paid for with internal cash …
Banner acquisition hits snag
The acquisition of the Otjosondu manganese mine in central Namibia continues to face delays.Last August, Banner Mining (VSE) agreed to buy all the issued capital of the mine’s owner, Purity Manganese,…
Orleans close to production
Montreal-listed Orleans Resources has received the mining leases required to build its wollastonite production facilities.Orleans owns a sizable wollastonite deposit in the Saguenay-Lac St. Jean area …
Rio grants Chachacomiri extension to Cominco Ltd.
Owing to a delay in drilling at the Chachacomiri property in Bolivia, Rio Amarillo Mining (VSE) has given Cominco (TSE) a 2-month extension on a US$400,000 option payment previously due at the end of …
La Rock drilling at its Brandywine property
Drilling is continuing on La Rock Mining’s (VSE) Brandywine property, 25 miles north of Squamish, B.C. To date, assays results have been reported from 15 holes in what is expected to be a 23-hole prog…
Meetings (July 24, 1995)
MeetingsJuly 31, Athlone July 31, Brooks July 31, CamphorJuly 31, Coral Gold July 31, Int’l Avino July 31, Int’l Curator July 31, Ivory Oils July 31, Loumic July 31, Micro Aug. 1, HeartlandAug. 1, Por…