1996

Copper, moly prices gave boost to Cyprus Amax

On the strength of higher sales and lower costs, Cyprus Amax Minerals (NYSE) reported record earnings for 1995.Excluding writedowns and special items, the company earned US$462 million (US$4.77 per sh…


COMMENTARY — Lac de Gras and the environment

Land and self-government agreements with natives in the central Arctic should be made before diamond mining begins there, urges the Canadian Arctic Resource Committee (CARC).CARC made its recommendati…


Skarn zone outlined at Rock Creek

Drilling on the Rock Creek joint venture in southern British Columbia is outlining a zone of skarn mineralization.Phoenix Gold Resources (VSE) and Orion International Minerals (VSE) jointly hold a 51%…


U.S. Hall of Fame set to expand

The National Mining Hall of Fame and Museum is constructing a replica of a coal mine.The museum already features a walk-through replica of a hardrock mine (complete with twisting caverns, mine timbers…


High uranium price adds value to Cameco

Toronto-listed Cameco has posted its best-ever year-end results, thanks to a 25% increase in the spot price of U3O8 and record sales for uranium concentrates.Spot prices of U3O8 jumped to US$12.20 per…



Producer prices (February 26, 1996)

ALUMINUM: MW U.S. market US74.5 cents-75.5 cents per lb. (Feb. 9, 1996).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.05-4.30 per lb. (Feb. 2, 1995)…


Antares buys share in Rappa Holdings

Canadian junior Antares Mining & Exploration (TSE) has agreed to buy a 50% equity interest in Rappa Holdings, a South African-based gold producer.Antares will pay $5 million for the interest in Rappa,…


Tambo trenching defines targets for drilling

Precious and base metal mineralization at the Tambo property in southern Peru is being trenched in an effort to define drill targets.The 25,400-hectare parcel of land is one of 11 Peruvian properties …


Investors fund gold exploration in Timbuktu

Timbuktu Gold (ASE) has completed the private placement of 4 million shares at $1.30 per share for net proceeds of $4.8 million.The company will use the funds for exploration of its properties in Mali…


Meetings (February 26, 1996)

MEETINGSMarch 5, Braiden March 5, Canadian Reserve Gold March 6, Rhino March 7, Chargold March 7, Latin American Gold March 8, Copper Dome March 8, Jilbey March 8, Kookaburra March 8, Golden Hill Marc…


Battle Mountain reports record gold output

A strong fourth quarter and record gold production led Battle Mountain Gold (NYSE) to post net income for 1995.After quarterly dividends, Battle Mountain earned US$512,000 (or 1 cents per share) durin…


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