Magma, BHP to form copper giant
Two New York-listed companies — BHP Minerals and Magma Copper — will join forces to become the second-largest copper producer in the world.The new entity will account for 10% of all production, seco…
News
METAL PRICES — FREE MARKET (December 11, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateDec. 5 Dec. 4Dec. 1 Nov. 30 Nov. 29Copper2950-2955 2980-29812957-2962 2913-29182987-2992Lead752.5-754.5 752.5-754.5756.5-758.574…
Dismal third quarter for Hecla
Gold and silver producer Hecla Mining (NYSE) received a blow when it was revealed that the lack of grade continuity at its Grouse Creek gold mine in central Idaho would lead to a significantly shorter…
STOCK MARKETS — Stronger resource index bodes well for western markets
Western markets perked up over the report period ended Dec. 5, with the Vancouver Stock Exchange resource index closing up almost 20 points at 1,270.62. The composite index also gained ground, notchin…
TSE Short Positions (December 11, 1995)
Short positions outstanding at November 15, 1995Larger individual positions included: Barrick Gold 2,731,254; Agnico-Eagle 119,293; Bema Gold 1,437,700; BGR Precious Metals 152,350; Caledonia M’g 291,…
Index (December 11, 1995)
DEPARTMENTSBook ReviewCareersClassified AdvertisingCommentaryDiamond NewsDiamond DrillersDividendsEditorialsMetal PricesMetals CommentaryNews RoundupOdds `n’ SodsPeopleProfessional Direct…
Assays keep Bre-X hopeful
Results from a hole drilled on the Busang gold project in East Kalimantan, Indonesia, are adding to the enthusiasm of 90% owner Bre-X Minerals (ASE).Hole BSSE-78, drilled on fenceline SEZ-54 in the So…
Commentary — The mystery of hedge pricing
Future metal hedging prices offered by investment bankers to miners are not dreamt up out of thin air. Precious metal hedge pricing is actually fairly straightforward and based on some sound principle…
Index (December 04, 1995)
DEPTARTMENTSCareersClassified AdvertisingCommentaryDiamond NewsDiamond DrillersEditorialsInsider TradingInvestment CommentaryMetal PricesOdds ‘n’ SodsPeopleProfessional DirectoryStock MarketsSubscribe…
East West buys Red Lake property
East West Resources (VSE) has acquired a property in Heyson Twp., Ont., and staked adjacent ground to control a land package of about 17 sq. km.The properties have gold showings in several veins, whic…
PEOPLE — BIRCH MOUNTAIN (December 04, 1995)
Gordon Toll and Myron Goldstein appointed directors.
PEOPLE — ASIA PACIFIC RES.
Al Wahlstrom appointed chief operating officer.