Gold Funds (May 01, 1995)
Gold Funds as of Apr. 25BGRCentralNet Value$17.50$6.98Price$14.63$7.00Discount16.41%Premium0.3%Value$136,790,000$126,695,100…
News
Hemlo options play in northern Quebec
Toronto-listed Hemlo Gold Mines (TSE) can earn a half interest in the 77-claim Ligneris gold property, near Amos, Que., from joint owners Placer Dome (TSE) and La Societe d’exploration miniere Vior (M…
Strike plans work for new project
A work program is planned for the recently acquired Nicopor base metal property north of Schreiber, Ont., Strike Minerals (CDN) reports.The junior has been negotiating a possible joint venture for the…
Toronto Stock Exchange Indices (May 01, 1995)
— 1995 –Apr 25Apr 24Apr 21Apr 20Apr 19HighLowComposite”300″4281.104280.744258.104249.984283.334320.523983.34Metals&Minerals4104.804137.574068.924029.934098.234337.893273.5…
LETTERS TO THE EDITOR — Mines minister replies to government criticism
The Commentary article by Steve Parry (“Liberal promises not kept,” T.N.M., April 17/95) contains several inaccuracies. I would like to set the record straight.At the outset, the overriding priority i…
Cusac restarts Table Mountain mill
Milling has resumed at the Table Mountain gold mine in northern British Columbia.Owner Cusac Industries (TSE) shut down the 300-ton-per-day mill last fall so that it could focus on outlining additiona…
Yamana, Noranda explore Fin del Mundo project
As the search for base metals becomes more and more difficult, many Canadian exploration companies are venturing farther and farther abroad.Exemplifying this trend are Yamana Resources (TSE) and Noran…
Murgor drilling continues
More assay results were released by Murgor Resources (VSE) from drilling on its gold property in Quebec’s Barry Twp.The junior reported results from seven holes of its second-phase, 8-hole program. Al…
Coeur d’Alene, Echo Bay at odds over Kensington
A dispute has arisen between partners Coeur d’Alene Mines (NYSE) and Echo Bay Mines (AMEX) over their Kensington gold project in southeastern Alaska.Based on its understanding of the terms of the agre…
Study demonstrates competitive cost impact of SX-EW
The results of a new study by Behre Dolbear & Co. of Denver demonstrate the competitive cost impact of solvent extraction-electrowinning (SX-EW) mining operations.The consulting firm says the costing …
LETTERS TO THE EDITOR — Getting the facts straight
The Odds ‘n’ Sods article “Assembling the right team” by Stan Hunter (T.N.M., March 13/95) is a near duplicate of his article in your March 14, 1994, issue. Unfortunately, the latest article provides …
Metal Prices — FREE MARKET (May 01, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateApr 25Apr 24Apr 21Apr 20Apr 19Copper2756-2757 2850-2851 2869-28702860-28612881-2882Lead605-606 629-630 628-629 601.5-602.5 596…