News

LAST BUT NOT LEAST — Applied Carbon closes plant

Graphite producer Applied Carbon Technology (VSE) is closing its mine and mill near Kearney, Ont. President W.C. Esterly cited financing difficulties and soft graphite prices as the prime reasons, add…



WWF calls halt to diamond hunt

Concerned about the environmental consequences of mining in the central Arctic, World Wildlife Fund Canada (WWF) has called for a halt to diamond exploration and mine development in the Northwest Terr…


Smith, Willson featured speakers

The presidents of two large international gold producers will speak at the 1994 Canadian Mining Symposium scheduled for Sept. 22 and 23 in Toronto. American Barrick Resources’ Robert Smith will speak …


Inquest recommends change in Macassa mining method

Governments and the mining industry should consider providing miners with special locating devices, a coroner’s jury has recommended. The jury conducted an inquest at Kirkland Lake, Ont., after miners…



Spot prices at a glance (July 18, 1994)

Week’s Price (US) Change Gold* $384.85 $0.90 Silver* $405.22 $0.10 Platinum* $407.75 + $0.25 Nickel** $402.84 + $0.07 Lead** $400.27 + $0.01 Copper $401.10 $0.02 Zinc $400.44 + $0.01 Courtesy of Scoti…


GOLD FUNDS (July 18, 1994)

Gold Funds as of July 11 BGR Central Net Value $17.00 $6.80 Price $15.50 $7.25 Premium 6.6% Discount 8.82% Value $138,122,000 $131,219,925…


Positive results at Cross mine

Drilling and channel sampling are continuing at Hendricks Minerals’ (CDN) Cross gold-silver mine near Boulder, Colo. Two undeground and four surface holes have been drilled to test the downdip extensi…


COMMENTARY — Mining opportunities abroad

During the past five years, government policies have made it increasingly unattractive for mining companies to explore for and develop deposits in Canada, according to a brokerage firm based in the Un…


EDITORIAL PAGE — Shark!

Following last week’s surprise announcement that mid-tier gold producer Royal Oak Mines had launched a takeover bid for senior gold miner Lac Minerals, news reports likened Margaret Witte, the formida…



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