Metal Prices — FREE MARKET (June 19, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJune 13 June 12June 9June 8June 7Copper2904-2905 2920-29222914-29162888-28892867-2870Lead617-618 615-615.5 611-612 601-602 …
News
Pattern detected at Salvadoran play
Additional drill results from the Salvadoran project known as El Dorado suggest a pattern of increasing grade with increasing depth, Mirage Resource (TSE) reports.At the Coyatera North prospect, holes…
Illegal mining practices cause deaths at Albino mine
Illegal mining activity at Crystallex International’s (VSE) Albino gold mine in Venezuela caused the collapse of a wall in the Conductora pit.At least three miners died as a result.Crystallex expects …
Diamond News Roundup — KWG, Spider find more kimberlites in northern Ontario
The number of diamondiferous kimberlites known to exist on the James Bay Lowlands property of KWG Resources (ME) and Spider Resources (ASE) is now five.Two kimberlites, referred to as Kyle No. 2 and N…
Viceroy stacks up profits
The Castle Mountain open-pit, heap-leach mine in California’s San Bernardino Cty. continues to pump out profits for 75% owner Viceroy Resources (TSE).The company earned $11.6 million, or 50 cents per …
STOCK MARKETS — TSE neutral as economy shows signs of a slowdown
Fears that the Canadian economy may be headed back into a recession kept eastern markets in check this week as the TSE 300 composite managed only a slight gain. Over the 5-day report period ended June…
Meetings (June 19, 1995)
MEETINGSJune 26, Armada GoldJune 26, AsquithJune 26, Blue RibbonJune 26, Columbia YukonJune 26, CondorJune 26, Eden Expl.June 26, Gulf Int’lJune 26, Int’l Silver RidgeJune 26, Patrician GoldJune 26, R…
Green light flashes for Briggs
Federal and state authorities have granted environmental approval to the Briggs gold project in southeastern California.Owner Canyon Resources (NASDAQ) will begin construction as soon as all other per…
PRODUCER PRICES (June 19, 1995)
ALUMINUM: MW U.S. market US84.5-85.5 cents per lb. (June 9, 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).CAD…
BDG loses its legal battle against Teck
A lawsuit launched by BDG Pacific Resources (VSE) against Teck (TSE) has been decided in favor of the latter.The junior, previously known as Bridger Resources, alleged that Teck had breached a contrac…
Komis gold deposit reinterpreted
At the Komis gold property in Saskachewan’s La Ronge belt, Waddy Lake Resources (TSE) has defined areas along strike and down-plunge that could contain additional minable reserves.Underground test min…
St. Andrew announces restructuring
Creditors and shareholders of St. Andrew Goldfields (TSE) have approved a restructuring which enables the company to issue shares as payment of unsecured liabilities.The company is now seeking final a…