Mount Nansen passes environmental hurdle
The Regional Environmental Review Committee in the Yukon has delivered its screening report on the Mount Nansen gold project operated by BYG Natural Resources (TSE), clearing the way for possible prod…
News
METAL PRICES — FREE MARKET (November 06, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateOct. 31 Oct. 30 Oct. 27Oct. 26 Oct. 25Copper2828-2833 2767-2772 2808-28132858-28632786-2791Lead691-693 691-693 701.5-703.5 703-…
Cyprus explores Turgeon project
Geophysical surveys are under way at the Turgeon joint venture of Cyprus Canada and Glen Auden Resources (CDN) in Quebec.Airborne magnetic and electromagnetic data have been reprocessed, and 17.2 km o…
Metal prices mean bonanza for Noranda
Stronger prices for copper, nickel and aluminum enabled Noranda (TSE) to earn $411 million for the nine months ended Sept. 30, more than double the figure for the same period in 1994.The resource gian…
Copper prices boost Gibraltar earnings
Strong copper prices helped Gibraltar Mines (TSE) earn almost $3 million on revenues of $71.1 million for the first nine months of 1995.The company milled 11.8 million tons grading 0.27% copper at its…
Castle Mountain churns out profits
The Castle Mountain open-pit, heap-leach mine in San Bernardino Cty., Calif., continues to spin profits for 75% owner Viceroy Resources (TSE).Earnings for the six months ended Sept. 30 totaled $2.9 mi…
Rio sells interest in Atlas Steels
Bidding is over in the Atlas Steels auction. Owner Rio Algom (TSE) has agreed to sell its 51% share in the Australian specialty steels firm to Email for A$66.4 million ($68.4 million Canadian).Rio Alg…
Placer Dome gains stake in Goldboro
Montreal-listed Orex Exploration has optioned a share of its Goldboro property to Placer Dome (TSE).Having investigated the environmental conditions of the Nova Scotia gold property, the major has con…
Heap-leach project planned for Iduapriem
Ghanaian-Australian Goldfields, a subsidiary of Golden Shamrock Mines (TSE), will proceed with heap-leach gold production at the Iduapriem gold mine in Ghana.The mine is already being expanded to 2.8 …
RTZ and CRA plan merger
British mining conglomerate RTZ and its 49%-owned Australian affiliate CRA will reorganize to produce a single corporate structure in which the two companies retain their individual stock market listi…
Companies snap up ground in Ontario’s Horwood Twp.
A land package of 109 claim units (about 17 sq. km) will be explored by Morgain Minerals (VSE) under separate agreements signed with two prospecting syndicates. The claims cover a recently discovered …
Cameco banking on stable uranium market
Gold revenue and management fees underpinned a rise in earnings for Cameco (TSE), but future earnings are expected to be sensitive to the spot price for uranium oxide.Cameco reported net earnings of $…