U.S. ROUNDUP — Offer received for Golden Summit
An undisclosed senior mining company is proposing to further develop the Golden Summit property being explored by Freegold Recovery (VSE) near Fairbanks, Alaska. Freegold management expects to release…
1992
U.S. ROUNDUP — Wharf assesses mine acquisition
Following completion of a detailed assessment of the Golden Reward mine near Lead, S.D., Wharf Resources (TSE) says it has identified the mine’s most pressing needs: — capital — the mine does not ge…
Metal prices in sharp decline
The metal and mineral sub-index of Scotiabank’s commodity price index suffered another sharp decline in November. After improving earlier in the year, the sub-index has fallen below the previous low i…
Charles Fipke — 1992 Mining Man of the Year
Some of Canada’s biggest and best mineral discoveries began as little more than faint hope in the hearts of a few determined prospectors and geologists. The recent diamond discovery in the Lac de Gras…
Drilling begins at Murray Brook
Drilling is under way at the Murray Brook property in northern New Brunswick, NovaGold Resources (TSE) reports. Operators of the program are Arimetco International (TSE) and Breakwater Resources (TSE)…
Breakwater to reopen Estrades
The Estrades zinc-gold mine in northwestern Quebec is expected to resume production in March, 1993, and reach a production rate of 10,000 tonnes per month within four months. The mine will be operated…
Curragh receives Stronsay certificate
With a mine development certificate for the Stronsay zinc-lead project now in hand, Curragh (TSE) can concentrate on arranging project financing. Although Curragh received government approval for a ce…
METALS MARKETS — Metals markets in unsettled state
World trade in metals continues to be disorderly. Potential mining properties are being placed on hold because of declining markets and onerous government approval regulations. Returns on existing pro…
Federal inquiry launched into Giant mine dispute
Royal Oak Mines (TSE) President Peggy Witte rejected a call from Canada’s minister of labor and mediators that the status of 45 terminated employees from the Giant mine be turned over to an arbitrator…
Benoit property players sort out their litigation
Litigation related to claims staked in the Benoit Twp. area of Quebec has in large part been resolved. Freewest Resources (TSE) and Ressources Minieres Canaco (ME) say Ressources Minieres Forbex (ME) …
PRODUCER PRICES (December 28, 1992)
ALUMINUM: MW U.S. market US54-55 cents per lb. (Dec. 11, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…
School of Mines in Haileybury marks 80th year
A dinner was held recently to commemorate the 80th anniversary of the Haileybury School of Mines in Haileybury, Ont. Among the 90 participants was guest speaker John Gammon, assistant deputy minister …