LAST BUT NOT LEAST — HMC options ground in east
CDN-listed Hendricks Minerals Canada can earn a 75% interest in three properties in New Brunswick and Nova Scotia. The agreement covers gold geochemical and geophysical anomalies in Paleozoic volcanic…
News
EDITORIAL PAGE — The SX-EW alternative
For conventional producers of copper, especially those at the high end of the cost curve, SX-EW is a dirty word. Their antipathy toward the process is well founded because, on average, it is much chea…
EDITORIAL PAGE — Uranium exports strictly regulated
For Cameco, extracting the uranium from any of its holdings in Saskatchewan is only half the job. As a result of strict regulations in the industry, actual delivery to clients can take anywhere from a…
Spot prices at a glance (June 27, 1994)
Price (US) Change Gold* $393.10 + $9.60 Silver* $ 5.54 + $0.18 Platinum* $408.75 + $7.25 Nickel** $ 2.84 – $0.04 Lead** $ 0.24 $0.00 Copper $ 1.09 + $0.01 Zinc $ 0.44 $0.00 Courtesy of Scotiabank. Inf…
MINING IN CHILE — Supply, demand fundamentals drive the
The recent upswing in the price of copper — the red metal set a new 15-month high by topping US$1 per lb. — has caught the attention of producers and investors alike. Unlike the sudden rallies withi…
MINING IN CHILE — Ivan project near production startup
The Ivan copper project in northern Chile is scheduled for startup in the second half of 1994, reports Minera Rayrock (TSE). Situated 40 km northeast of the seaport of Antofagasta, the operation is ex…
Gibraltar heading south
While Gibraltar Mines (TSE) continues to explore prospects near its copper mine in south-central British Columbia, the company has expanded its search much farther south, in Chile. Earlier this year, …
Cambior declines 5% option on Omai
Denver-based Golden Star Resources (TSE) will retain its 30% interest in the Omai gold mine in Guyana. The company says that, at its request, Omai partner Cambior (TSE) has elected not to exercise its…
STOCK MARKETS — Western markets follow eastern slump
Western markets followed their eastern cousins down over the trading period ended June 21, despite strength in gold and other commodities. The negative investment sentiment pushed the Vancouver Stock …
Rio buying Polaris production royalty
Toronto-based Rio Algom (TSE) has agreed to buy a 25% royalty interest in the production proceeds from the Polaris mine on Little Cornwallis Island, N.W.T. The royalty interest is the main asset of NC…
NEWS ROUNDUP — Madsen to sell units
Toronto-based Madsen Gold (TSE) has proposed a private placement of 80-100 units at $12,350 each. A unit will consist of 9,000 flow-through common shares at $1.25 each and 1,000 common share purchase …
Philippines lowers taxes on minerals
Philippine President Fidel Ramos recently signed a law reducing taxes on minerals, which he described as a rescue package that would attract foreign investors to his country’s ailing mining industry. …