METAL PRICES (February 10, 1992)
London Metal Exchange pot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 4 Feb 3 Jan 31 Jan 30 Jan 29 Copper 1202-1203 1204-1205 1220-1221 1222-1224 1211-…
News
PRODUCER PRICES; FUTURES PRICES; PDAC cites Sandy Lake to
A new agreement between the federal and Ontario governments and the Nishnawbe-Aski First Nation has caused a lot of problems for Sandy Lake Resources. The private company has been prospecting on minin…
Kingswood hits gold-bearing veins
A drill hole recently completed on Kingswood Explorations’ (ASE) Devon gold property northeast of Matheson, Ont., intersected three narrow, steeply dipping quartz veins containing high-grade gold. Res…
Australian firm joins hunt for Great Lakes diamonds hunt
A part owner of the world’s largest diamond producer, the Argyle mine in Western Australia, has acquired control of a diamond prospect on the Michigan-Wisconsin border. Melbourne-based Ashton Mining, …
Barrick, Newmont team up at Post
After failing to merge his company’s gold-producing assets with those of Newmont Gold (NYSE), American Barrick Resources (TSE) Chairman Peter Munk has gone ahead and done the next best thing. Just six…
Conference will focus on zinc
Critical issues facing the world’s zinc industry, such as recycling growth, environmental reform and changes in society’s use of such materials, will be on the agenda of an international conference Fe…
Rio Algom to develop copper mine in Chile
Toronto-based Rio Algom (TSE) will proceed with development of the Cerro Colorado copper mine in northern Chile after receiving approval from the Chilean Foreign Investment Committee. Cerro Colorado w…
The Meikle `miracle mine’ — Barrick’s latest: deep but rich
American Barrick Resources (TSE) pulled another billion-dollar gold mine from its Carlin-area holdings recently, announcing development of its deep but rich Meikle gold deposit in Nevada. Formerly kno…
Rio confirms Kemess reserves (February 10, 1992)
A preliminary reserve calculation by Rio Algom (TSE) for the South Kemess property, 60% owned by El Condor Resources (VSE) and 40% owned by St. Philips Resources (VSE), has confirmed recent reserve es…
Sleeping Giant bolsters Aurizon
Underground exploration at the Sleeping Giant gold project 40 miles north of Amos, Que., recently turned up encouraging chip samples for Aurizon Mines (TSE) and program operator Cambior (TSE). On leve…
Low grade, capital cost force Placer to shelve Mt. Milligan
Fresh from hammering out a new agreement for the Eskay Creek joint venture project in British Columbia, Placer Dome (TSE) says it will not proceed with development of the huge Mount Milligan copper-go…
Ontario Hydro sues Denison
Toronto-based Denison Mines (TSE) is being sued by Ontario Hydro. The dispute centres around a long-term uranium purchase and sale agreement signed by Denison and the huge provincial utility in 1977. …