NEWS ROUNDUP — Agnico begins Zone 6 work
A $15.1-million development program is under way at Zone 6 of the LaRonde mine, west of Val d’Or, Que. Agnico-Eagle Mines (TSE) expects the high-grade zone to be in production by mid-1995. Exploration…
News
NEWS ROUNDUP — Ecudor buys Dona Lake interest
Just weeks after buying the Dona Lake gold mine from Placer Dome (TSE) for $2 million, mining contractor Ross-Finlay has sold a 49% interest in the property to Societe Miniere Ecudor (ME) for $4 milli…
NEWS ROUNDUP — Soquem drilling Douay prospect
Drilling is under way on the Douay gold property in the Casa Berardi area of northwestern Quebec, Northern Abitibi Mining (ASE) reports. Quebec Crown exploration company Soquem is operating the progra…
Tin producers try promotion
To help boost the languishing tin mining industry, producers have set up a company in London to promote research and expand use of the metal. The new company, ITRA Ltd., is to coax international tin u…
ODDS’N’SODS — Avalanche! (2)
(The following is the conclusion of a 2-part article in which the author describes a series of avalanches he experienced first-hand while working near Rogers Pass, B.C., in 1974.) The two events last …
Theme park for Cobalt?
A mining heritage theme park, which would house the Canadian Mining of Fame, has been proposed for Cobalt, Ont. Gino Chitaroni, whose family has owned and operated a tourism business in the historical…
STOCK MARKETS — Summer slowdown given boost from private
Trading activity on the Vancouver Stock Exchange has entered the summer slowdown, though a surge in private placement financings is providing a boost. More than $551 million has been raised through th…
Spot prices at a glance (August 23, 1993)
Week’s Price (US) Change Gold* $372.85 – $8.50 Silver* $ 4.69 – $0.10 Platinum* $388.00 – $5.25 Nickel** $ 2.08 – $0.11 Lead** $ 0.17 – $0.01 Copper $ 0.87 – $0.01 Zinc $ 0.39 $0.00 Courtesy of Scotia…
PRODUCER PRICES (August 23, 1993)
ALUMINUM: MW U.S. market US55.75-56.75 cents per lb. (Aug. 12, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
South Africa in global spotlight
Easily the richest country on the African continent, South Africa is fast becoming as lawless and unheeding of human rights as many neighboring nations, such as Zaire and Mozambique, where anarchy has…
MVP completes bond, warrant issue
Toronto-based junior MVP Capital (TSE) has issued $1 million in convertible bonds and warrants. The bonds will have an interest rate of 10% per year payable semi-annually in cash or 14% per year payab…
Difficult times for producers
The past few years have been disastrous for mining companies in the Western World, says a report published by British-based Metals and Minerals Research Services. Between 1988 and 1992, nominal US dol…