Spot prices at a glance (May 01, 1995)
Wednesday, Apr. 26Week’sPrice (US)ChangeGold*$389.85-$7.10Silver*$5.69-$0.23Platinum*$441.00-$20.25Nickel**$3.25-$0.03Lead**$0.27$0.00Copper$1.26-$0.06Zinc$0.48 $0.00…
News
Taylor Rand enters venture in Zaire
Toronto-based Taylor Rand (CDN) will form a joint venture with Zaire-based Mbula SPRL, with the former owning a 45% interest.The main asset, situated in the Manlema and Kasangani regions of Zaire, is …
NEWS ROUNDUP — Exploration work for Keeley Frontier
Exploration work is planned for the Keeley Frontier property near Cobalt, Ont., Transway Capital (CDN) reports.The program, consisting of geophysical surveys (spectral induced-polarization, magnetomet…
NEWS ROUNDUP — Gowest active in Timmins area
Alberta-listed Gowest Amalgamated Resources reports that four holes drilled to test geophysical anomalies on the Murphy Twp. property near Timmins, Ont., failed to intersect economic mineralization. A…
Santa Fe hikes quarterly output
First-quarter earnings for Santa Fe Pacific Gold (NYSE), while strong, are down slightly from a year ago.Net income was US$12.3 million (or 9 cents per share), just off from US$13.4 million (or 12 cen…
Rio, North bid for Musto
Shareholders of International Musto Explorations (TSE) are considering a new takeover offer.Copper producer Rio Algom (TSE) of Toronto and Australian resources company North Ltd. have joined forces an…
GAC/MAC meeting draws earth scientists to Victoria
More than 1,000 earth scientists from around the world are coming to the University of Victoria in Victoria, B.C., for the May 17-19 annual meeting of the Geological Association of Canada (GAC) and th…
Falconbridge eyes increases in nickel, copper reserves
The lowest cash-cost nickel and ferronickel producer in the Western world, Falconbridge (TSE), is gearing up to add significantly to its inventory of nickel and other metals.President Frank Pickard to…
McLeese Lake to Gibraltar’s liking
First-quarter copper production from the McLeese Lake open-pit mine of Gibraltar Mines (TSE) in central British Columbia totaled 15.3 million lb. at a cash cost of US88 cents per lb.The mine, which re…
Hemlo expects growth from project portfolio
First-quarter production from Hemlo Gold’s (TSE) two Canadian gold producers was higher than anticipated, and overall production is expected to expand further.Hemlo’s wholly owned Golden Giant mine ne…
COMMENTARY — Supplying the mining industry
The managing director of the Canadian Association for Mining Equipment and Services for Export, Jon Baird, has written this column at the invitation of “Keep Mining In Canada,” a national grassroots c…
EDITORIAL PAGE — Knocking at the back door
Government involvement in mining ventures is, for the most part, a thing of the past. Both federal and provincial governments are in deficit-fighting modes, and investment in the private sector is cle…