Kinbuari acquires African ground
CDN-listed Kinbauri Gold will explore the 478-sq.-km Soukoura concession in western Burkina Faso.The property is underlain by a sequence of Birimian volcano-sedimentary rocks cut by the 65-km-long, no…
News
Gold output is set to grow
Gold production throughout the world is expected to increase by an average of 2.5% annually over the next four years, according to World Mine Production of Gold 1994-1998, an annual report issued by t…
METAL PRICES — FREE MARKET (July 31, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJuly 25 July 24 July 21July 20 July 19Copper2945-2950 2952-2957 2923-29283215-32173125-3130Lead 617.5-618.5 618.5-619.5 613.5-614…
Base metal prices ease off slightly
After climbing to more than a 4-year high in January, The Bank of Nova Scotia’s metal and mineral index has drifted lower over the past four months.Base metal prices are taking a breather after last y…
McCaw School of Mines under construction
A 4,500-sq.-ft. school is being constructed in Henderson, Nev., so that students can learn about the state’s rich mining history.When it opens in September, the school will feature a mine tunnel, a di…
COMMENTARY — Marketing the mining industry
The federal government needs to develop a marketing strategy to attract more investment to this country’s mining sector and revitalize its competitiveness. A marketing approach should be developed wit…
Spot prices at a glance (July 31, 1995)
Wednesday, July 26Week’s Price (US)ChangeGold*$385.80-$3.45Silver*$ 5.15-$0.19Platinum*$430.50-$9.75Nickel**$ 3.88-$0.03Lead**$ 0.28 $0.00Copper $ 1.34-$0.07Zinca$ 0.46-$0….
Newmont makes discovery at Carlin
Already one of the largest gold producers in Nevada’s prolific Carlin trend, Newmont Gold (NYSE) is busy outlining another sizable resource on a block of ground just north of its Carlin pit.The major …
EDITORIAL PAGE — The pros and cons of MRAs
Cynicism is regarded by some as intellectual defeatism, and by others as the triumph of experience over idealism. This just about sums up the difference of opinion within the mining industry over the …
Funding in place for Willoughby
A $1.1 million financing will enable Camnor Resources (VSE) to cover its share of the cost of a planned $1.5-million exploration program at the Willoughby property near Stewart, B.C.Camnor and Gold Gi…
GREATEST VALUE TRADED, JULY 12-18
Exch Value ($000s)HighLowCloseChange Inco Ltd T400649$47 3/445 3/847 1/4+1 3/4Placer Dome T185619$403838 3/4….Noranda Inc T163236$3028 1/429 5/8+1 1/8Barrick Gold T141238…
INVESTMENT COMMENTARY — Undervalued Goldcorp regarded as a winner
The recent exploration success at the Red Lake gold mine in northwestern Ontario could translate into a mid-term price of $20 to $25 per share for Goldcorp (TSE).Such is the opinion of David James, go…