Africa faces global competition
Representatives from 28 African governments were on hand to provide information on mineral opportunities in their countries during the second annual Africa Mining Investment Symposium held recently in…
News
ODDS’N’SODS — The minesites of Painkiller Lake Caretaker or “Custodian”?
In the mid-1930s, I first learned about Painkiller Lake, 10 miles from Matheson, Ont. The Blue Quartz mine is adjacent to the lake and the old Coulson mine is on the opposite side, about a mile from t…
Demand strengthens for Platinum group metals
Substantial growth in demand for platinum by the auto and jewelry industries, combined with a recovery in industrial consumption, boosted demand by 11% to 4.51 million oz. in 1994, according to Platin…
GOLD FUNDS (June 05, 1995)
Gold Funds as of May 30BGRCentralNet Value$17.22$6.79Price$14.63$7.125Discount15.09%Premium4.9%Value$134,665,000$128,957,513…
EDITORIAL PAGE — Rivalry in the Big League
The world’s largest mining companies are continuing to hold their place in the sun despite some intense competition from ambitious companies anxious to make it into the Big League.Granted, increased g…
Drilling cuts ore grade intersections at Red Lake
Surface and underground drilling at Goldcorp’s (TSE) Red Lake mine continues to intersect ore-grade mineralization, suggesting continuity of the hosting structures and mineralization.In addition, unde…
Venoro to acquire gold mine interest
An agreement reached with Colombia-based Sociedad Agrominera El Cerro sets the stage for Venoro Gold (VSE) to acquire an interest in a small, operating gold mine in Antioquia, Colombia.Agrominera will…
Positive results for Rea Gold
During the first quarter of this year Rea Gold (TSE) achieved a profit of $369,095, or 1 cents per share, compared with a loss of $86,328 for the same period last year.The first quarter earnings are d…
PRODUCER PRICES (June 05, 1995)
ALUMINUM: MW U.S. market US84-85 cents per lb. (May 12, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995).CADMIUM…
Index (June 05, 1995)
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METAL PRICES — FREE MARKET (June 05, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateMay 30 May 29May 26May 25May 24Copper2853-2854N/A2843-28442862-28642823-2824Lead606.5-607N/A605-605605.5-607.5606.5-607.5…
Royalstar Resources aims to revive Tonkin Springs gold mine
Vancouver-based Royalstar Resources (VSE) has acquired an interest in the Tonkin Springs gold project, a re-emerging gold producer situated in central Nevada.The company acquired the interest with the…