“Pride and vision” theme of CIM Centennial
“Pride in the past and vision for the future” will be the theme used in 1998 to mark the 100th anniversary of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM).Anne McLellan, Canada’s m…
News
Insider Trading — Cameco insiders exercise options, sell shares
Four Cameco (TSE) insiders exercised options and sold shares in April.According to the Ontario Securities Commission’s OSC Bulletin, Gary Chad, senior officer, exercised options and acquired 3,000 sha…
Investment Commentary — Arequipa properties advance to drill stage
With total land holdings in Peru encompassing more than 137,000 hectares, Arequipa Resources (VSE) offers investors excellent short-term leverage, says mining analyst Graeme Currie of Canaccord Capita…
Mount Polley decision expected before fall
The Mount Polley project in central British Columbia could be producing copper and gold by the end of the first quarter of 1997.At the annual meeting of Imperial Metals (TSE), President Pierre Lebel s…
Breakwater back from the brink
With progress being made to address the metallurgical difficulties at the Caribou zinc-lead-silver mine, Breakwater Resources (TSE) is well on the road to recovery, company officials say.”Your company…
Triton starts trenching at Topacio gold project
The Topacio gold project in southeastern Nicaragua is gradually taking shape under the direction of Triton Mining (TSE).Previous work, in the mid-1980s, identified a probable resource of 559,000 tonne…
Falconbridge to proceed with Raglan
Though remote, the area along the northeastern shore of Labrador and Quebec is gaining renown as a hot spot for nickel discoveries. In addition to the Voisey Bay nickel-copper-cobalt deposit controlle…
Cyprus Amax finances El Abra
A major hurdle has been cleared in the endeavor to develop the Chilean copper project known as El Abra.Cyprus Amax Minerals (NYSE), which owns 51% of the gigantic project, reports that financing of US…
Rea projects highlighted by Mt. Hamilton, Bissett
The initial phase of a US$1-million exploration program is under way at the Mt. Hamilton gold mine on Nevada’s Battle Mountain trend.The work, which involves 35,000 ft. of infill drilling in and aroun…
Strike halts production at Golden Giant
A strike has halted production at the Golden Giant mine of Hemlo Gold Mines (TSE).The 223 members of United Steelworkers of America Local 9364 went on strike June 17, citing a dispute with management …
Eldorado expanding Colorada mine
By expanding facilities at the Colorada mine in Mexico’s Sonora state, Eldorado (TSE) expects to reduce processing costs by up to 30% and improve gold output by up to 15%.A new Merrill-Crowe circuit, …
METAL PRICES — FREE MARKET (June 26, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJune 20 June 19June 16 June 15June 14Copper3110-3115 3040-30503022-3024 2961-29622867-2870Lead596.5-597.5 600-601612-613 611-612…