EDITORIAL PAGE — Pulling up stakes
In Vancouver, one of Canada’s most entrepreneurial companies, Royal Oak Mines, is pulling up stakes and preparing to move its corporate offices across the border to Washington state. British Columbia’…
News
Pouliot named mines minister in Ontario cabinet shuffle
Ontario’s acting minister of northern development and mines has been appointed to the portfolio on a full-time basis. Gilles Pouliot assumed his new job in a cabinet shuffle by Premier Bob Rae. Poulio…
FACTS & FIGURES — Securing your fax messages
An international mining company was approached recently by an official from a South American country in which it has operations. “What have you done with your faxes?” the official demanded. “We can no…
Funding sought for ROM gallery
The Earth Sciences Gallery project of the Royal Ontario Museum (ROM) is progressing towards its $4.25-million target. By presstime, $1.7 million had been contributed by foundations, individuals and co…
METAL PRICES — FREE MARKET (October 31, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Oct 25 Oct 24 Oct 21 Oct 20 Oct 19 Copper 2582-2583 2560-2562 2552-2553 2585.5-2586.5 2542-2543 Lead 644.5-645.5 646.5-647.5 650.5-651.5…
Spot prices at a glance (October 31, 1994)
Week’s Price (US) Change Gold* $388.80 – $0.20 Silver* $5.31 – $0.05 Platinum* $420.70 + $3.55 Nickel** $3.26 + $0.19 Lead** $0.30 + $0.01 Copper $1.20 + $0.06 Zinc $0.50 + $0.02 Courtesy of Scotiaban…
Mexican venture for Cambior
Montreal-based Cambior (ME) will enter a joint venture with Aurizon Mines (VSE) concerning the latter’s La Reyna copper-gold property in Mexico’s Sinaloa state. Situated 30 km east of the port city of…
PRODUCER PRICES (October 31, 1994)
ALUMINUM: MW U.S. market US80.5 cents-82.00 per lb. (Oct. 13, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.30 per lb. (Sept. 29, 199…
Canmine calculates tonnage
Following a summer drill program, Canmine Resources (ASE) has calculated a reserve figure for the Island zone on its Fer polymetallic property near Flin Flon, Man. Based on an area of influence of 50 …
Chase drilling T’Boli prospect
A first phase of drilling is under way at the T’Boli gold prospect on the Philippine island of Mindanao. Chase Resource (TSE) has a 40% interest in the company that owns the project, and holds an opti…
NEWS ROUNDUP — Canarc adds to Guyana holdings
By acquiring the 2,800-hectare Baramita gold property, Canarc Resource (VSE) can increase substantially its holdings in the Guyana Shield. To do so, it must spend $700,000 exploring the property, situ…
INSIDER TRADING — Senior Golden Star officers granted
Six senior officers of Golden Star Resources (TSE) were granted options in September. According to the Ontario Securities Commission’s OSC Bulletin, senior officer Carlos Bertoni was granted 25,000 op…