News



Spot prices at a glance (November 15, 1993)

Week’s Price (US) Change Gold* $375.50 + $12.50 Silver* $ 4.53 + $0.32 Platinum* $376.75 + $8.75 Nickel** $ 2.12 + $0.05 Lead** $ 0.18 $0.00 Copper $ 0.75 + $0.01 Zinc $ 0.42 $0.00 Courtesy of Scotiab…




Southern re-starts Oracle Ridge

Following a 10-week shutdown, the Oracle Ridge copper mine in southwestern Arizona is back in production. Southern Copper (VSE), which owns 70% of the mine, has expanded mill capacity to 1,000 from 75…


PRODUCER PRICES (November 15, 1993)

ALUMINUM: MW U.S. market US49-50 cents per lb. (Nov. 4, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993). CA…


Operating improvements boost Homestake’s take

Operating improvements at several mines enabled Homestake Mining (NYSE) to boost earnings and lower production costs during the first nine months of this year. Net income of US$39.6 million was record…



Starcore to explore platinum project

By March of next year, Starcore Resources (VSE) plans to spend at least $475,000 on its recently optioned Goodnews Bay platinum property in western Alaska. The company can earn a 70% interest from the…


Teck sets exploration sights on Ecuador and B.C.

Teck (TSE) is stretching its exploration arm both north and south. The Vancouver-based major has entered an agreement with Ecstall Mining (VSE) to increase its property holdings in eastern British Col…


NEWS ROUNDUP — Freewest to drill Verneuil 100

Geophysical and geochemical surveys are nearing completion on Golden Tag Resources (VSE) Verneuil 100 property in northwestern Quebec. Freewest Resources (TSE), the operator of the work program, can e…


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