Losses mount for Curragh
Struggling Curragh (TSE) reported a net loss of $29.9 million for the second quarter. The company attributes the situation to the decision in April to cease production at its lead-zinc-silver mine in …
News
Flat outlook for gold output
Gold miners around the world project flat production through to 1996, The Gold Institute of Washington, D.C., reports in an annual survey. The survey, in which more than 200 producers were assessed, s…
Toronto Stock Exchange Indices (August 23, 1993)
— Week — Aug 17 Aug 16 Aug 13 Aug 12 Aug 11 High Low Composite”300″ 4032.51 4020.20 4014.62 4008.97 4015.89 4033.22 3999.05 Metals&Minerals 3119.31 3140.94 3123.16 3126.24 3123.66 3158.23 3101.31 In…
Gold City to drill western properties
Alberta-based Gold City Resources plans to begin drilling this month on its two gold properties in south-central British Columbia. The properties have geology similar to the Crown Jewel-Buckhorn mine …
PEOPLE — OPACT RESOURCES (August 23, 1993)
Donald Scott appointed director.
Mapping planned in British Columbia
Field mapping in four regions of British Columbia is planned this summer by the province’s mines ministry. The surveys are to focus on base and precious metals in camps where reserves are being deplet…
Metallurgists to stage meeting
“Light metals” is to be the theme of this year’s meeting of the Metallurgical Society of the Canadian Institute of Mining, Metallurgy and Petroleum. Under discussion will be environmental and economic…
COMMENTARY — Home-grown political risk
The biggest challenge facing the mining industry today is its fierce battle with another industry — the industry of the preservationists, the professional (and elitist) organizations which exist only…
LATIN AMERICA ROUNDUP — Denyvan negotiates Nicaraguan deal
An interest in two Nicaraguan gold mines, La India and the producing El Limon, will be acquired by Denyvan Resources (ME) in a deal with Triton Mining, a private Vancouver company. To earn its interes…
Metal Prices — FREE MARKET (August 23, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 17 Aug. 16 Aug. 13 Aug. 12 Aug. 11 Copper 1938-1939 1935-1937 1968-1969 1941-1943 1924-1925 Lead 387-388 384-385 385-386 387-388 39…
Small gain in metals sub-index
The metal and mineral sub-index of The Bank of Nova Scotia’s commodity price index edged up slightly in June, putting a halt to a 4-month decline. Economist Patricia Mohr reports that base metal price…
Placer Dome plans creation of separate Canadian unit
Toronto-listed Placer Dome is forming a separate unit to provide better management of its Canadian operations, which turned out 862,000 oz. gold in 1992. Douglas Fraser, former manager of the Porgera …