Spot prices at a glance (August 22, 1994)
Week’s Price (US) Change Gold* $377.80 – $0.50 Silver* $ 5.13 – $0.03 Platinum* $412.35 – $0.15 Nickel** $ 2.54 – $0.05 Lead** $ 0.25 $0.00 Copper $ 1.08 $0.00 Zinc $ 0.43 + $0.01 Courtesy of Scotiaba…
News
TVX acquiring Czech prospect
An agreement with two companies will allow TVX Gold (TSE) to acquire controlling interest in a Czech company which owns the exploration rights to the Kasperske Hory gold property in the Czech Republic…
Hecla plans Lucky Friday expansion
A newly discovered deposit is expected to reduce overall mining costs and more than double the silver output of the Lucky Friday mine near Mullan, Idaho. Operator Hecla Mining (NYSE) intends to start …
OPINION — Coal’s valuable export earnings
Coal is the non-glamorous chemical cousin of the diamond, and it has always had an image problem. Now, at last, the public perception seems to be catching up with reality. Our coal industry is earning…
METAL PRICES — FREE MARKET (August 22, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date August 16 August 15 August 12 August 11 August 10 Copper 2394.5-2395.5 2400-2402 2400-2401 2413.5-2414.5 2402.5-2403.5 Lead 551.5-552.5 …
Rainbow drilling encouraging
Drilling on the Rainbow claim near Kamloops, B.C., has returned a promising intersection for partners Getchell Resources (VSE) and Teck (TSE). The latter can earn a 70% interest in the property by spe…
EDITORIAL PAGE — PNG in legal spotlight
It is unusual for a major deposit to go from discovery to production without attracting a lawsuit, and this phenomenon is not confined to North America. An Australian law firm recently launched procee…
LETTERS TO THE EDITOR — Scientific skills, integrity needed
Regarding your stories covering geochemical disputes associated with gold ores, the infallibility of assay methods approved by government agencies must be considered conditionally false as a first app…
PRODUCER PRICES (August 22, 1994)
ALUMINUM: MW U.S. market US69-71 cents per lb. (Aug. 4, 1994). ANTIMONY: MW New York dealer US$2.35-2.50 per lb. (July 21, 1994). BISMUTH: MW New York dealer US$3.75-4.25 per lb. (July 28, 1993). CADM…
Sentinels award winners announced
To be eligible for the eight Sentinels of Safety awards, a mine in the U.S. must have accrued at least 30,000 injury-free hours in a given year. Far exceeding that total in 1993 was the Cyprus Sierrit…
NO HEADLINE (August 22, 1994)
BGR Central Net Value $17.31 $6.62 Price $15.88 $7.125 Premium 7.6% Discount 8.30 Value $140,649,000 $128,957,513…
Roxmark acquiring Geraldton property
Under a preliminary agreement, Roxmark Mines (TSE) will gain control of the Little Long Lac gold mine property from Algoma Steel. Situated in Geraldton, Ont., the former producing property comprises 7…