Aber discovers diamonds
The recent discovery by Aber Resources (TSE) of several diamondiferous kimberlites further attests to the exploration potential of the Lac de Gras region in the Northwest Territories. The discovery ho…
News
Brunswick to reopen Heath Steele
Full operations at the Heath Steele base metal deposit, near Bathurst, N.B., are scheduled to resume later this fall, reports owner Brunswick Mining and Smelting (TSE). The decision to reopen is large…
Behre Dolbear in Chilean joint venture
Mining consulting firm Behre Dolbear & Co. of Denver, Colo., has formed a joint venture with a group of Chilean investors headed by Ing. Jorge Lopez Bain. The new company, Behre Dolbear Chile, will be…
Conference focuses on natives
A conference aimed at improving the working relationship among aboriginal people, the mining sector, the government and schools is planned for June 21-22 in Thunder Bay, Ont. Organizers are hoping the…
EDITORIAL PAGE — Exodus
Are Canadian mining companies somehow letting down the home side by jumping on the global bandwagon and acquiring projects everywhere from Peru to Mongolia? Or have the federal and provincial governme…
Metal Prices — FREE MARKET (June 06, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date May 31 May 30 May 27 May 26 May 25 Copper 2256-2258 N/A 2255-2256 2235-2237 2271-2272 Lead 505-506 N/A 501-502 477.5-478.5 483-484 Zinc …
PRODUCER PRICES (June 06, 1994)
ALUMINUM: MW U.S. market US64-65 cents per lb. (May 19, 1994). ANTIMONY: MW New York dealer US$1.40-1.60 per lb. (May 12, 1994). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993). CADM…
TSE Short Positions (May 30, 1994)
Semi-monthly reports as of Apr 30, 1994 showed 243,833,036 shares of 818 issues compared with 241,162,357 shares of 867 issues on Apr 15, 1994. Larger individual positions included: Aber 295,400, down…
JUNIOR MINING SPECIAL — Holmer options Peru gold property
Continuing to expand its portfolio of Latin American properties, Holmer Gold Mines (ASE) has acquired a 1,500-hectare gold property in southern Peru. The Inca property hosts two gold-bearing breccia z…
Royal Oak boosts earnings
Gold producer Royal Oak Mines (TSE) earned $7.05 million in the first quarter, a whopping 470% increase from the same period last year. The dramatic improvement reflects a 17% increase in the average …
LETTER TO THE EDITOR — Show your support for Canadian
During the recent Toronto ’94 show in Toronto, I was able to spend some time as a volunteer at the “Keep Mining in Canada” information display of the Mining Association of Canada (MAC). It was a pleas…
JUNIOR MINING SPECIAL — Globe-trotting juniors expand
Underlying Canada is one of the world’s largest cratons, rendering much of the country prospective for companies hopeful of discovering a major diamond mine. But during the staking rush of the early 1…