San Fernando hits good gold values
Trenching on the San Fernando gold project in Mexico is returning gold values for owner San Fernando Mining (TSE). The trenching returned 0.14 oz. per ton across a continuous exposure of 62.2 ft. in t…
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PRODUCER PRICES (February 20, 1995)
ALUMINUM: MW U.S. market US101 cents-102 per lb. (Feb. 3, 1995). ANTIMONY: MW New York dealer US$2.40-2.50 per lb. (Jan. 27, 1995). BISMUTH: MW New York dealer US$3.80-4.00 per lb. (Jan. 20, 1995). CA…
Freeport plans smelter-refinery
Financing is in place for construction of a copper smelter-refinery in Indonesia. Freeport-McMoRan Copper & Gold (NYSE), with a 20% interest, has new partners for the US$550-million smelter-refinery a…
Viceroy out of MK Gold deal
Toronto-listed Viceroy Resource will not proceed with the private purchase of 9 million common shares representing 46.4% of MK Gold (NASDAQ). The deal involved Morrison Knudsen (NYSE), MK Gold’s large…
Golden Star OKs share exchange
The shareholders of Golden Star Resources (TSE) have approved an exchange of shares. One old common share of the company will be exchanged for one new common share and one-fifth of one Class B common …
Inco explores properties in Casa Berardi region
A program of line cutting, induced-polarization (IP) surveys and diamond drilling has begun on two properties held by Inco (TSE) in the Casa Berardi area of northern Quebec. In Casa Berardi Twp., Inco…
Mirage, partners drill testing Salvadoran play
Drilling on El Dorado, a gold project in El Salvador, has returned additional gold values for joint-venture partners Mirage Resources (VSE), Bethlehem Resources (TSE) and Dejour Mines (TSE). Bethlehem…
SHORT POSITIONS
Semi-monthly reports as of Jan 31, 1995 showed 239,236,777 shares of 783 issues compared with 244,193,506 shares of 792 issues on Jan 15, 1995. Larger individual positions included: Aber 49,040, down …
Roxmark options Placer property
Junior Roxmark Mines (TSE) can acquire Placer Dome’s (TSE) Key Lake gold property in Ontario’s Lindsey Twp. Previously, in an area referred to as the East pit, Placer drilled two vertical holes, 250 m…
Mill City and partners in Cuba and Mexico
A geophysical survey is being flown over the 2,000-sq.-km Florencia-Jobabo gold concession in Cuba in an effort to identify targets for follow-up drilling. Partners Mill City Gold Mining (VSE) and Mac…
Accounting firm publishes survey for mining industry
Chartered Accounting firm Peat Marwick Thorne has issued its 1994 Financial Reporting Survey of the mining industry. The survey reviews the accounting and financial reporting practices of 50 mining co…
Murgor to begin drilling on Barry Twp. property
Having completed magnetometer and induced-polarization (IP) surveys, Murgor Resources (VSE) reports that diamond drilling is finally under way on the Barry Twp. property in northwestern Quebec. The in…