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…
1993
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…
Dome mine output on the increase
Gold production at the Dome mine in South Porcupine, Ont., has reached levels not seen since the 1940s. The rise is attributed to the addition of an “expert” to the staff of the Placer Dome (TSE) proj…
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 …
Mexican output keeps pace
The value of Mexico’s mining output (at current prices) was slightly higher in 1992 than in 1991. Mexico continues to produce more silver than any other country and last year ranked among the top 10 p…
Monk, Sikaman amend deal
An amended letter of agreement has been signed by Monk Gold Resources (TSE) and Sikaman Gold Resources (TSE) which allows the former to earn a 37.5% interest in the Sol Wood mine and a half interest i…
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 …
PEOPLE — QUINTO MINING (August 23, 1993)
Philip Kratzer appointed director.
EDITORIAL PAGE — Deep-felt commitment
Nothing warms the cockles of an old miner’s heart more than to read that some aging mine somewhere in Canada, tottering toward depletion, discovers a new zone or orebody. Closure postponed, a few hund…
Sleeping Giant revived
The Sleeping Giant gold mine, 50 miles north of Amos, Que., has once again awoken from its slumber. Project partners Cambior (TSE) and Aurizon Mines (TSE), each with a 50% interest, started up the ope…
LATIN AMERICA ROUNDUP — Azco outlines Piedras tonnage
Based on 115 reverse circulation holes drilled in 1992 and 1993, Azco Mining (TSE) estimates its Piedras Verdes deposit near Alamos, Mexico, contains about 87.2 million tonnes grading 0.43% copper. Us…
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…