Spot prices at a glance (April 25, 1994)
Week’s Price (US) Change Gold* $372.40 – $6.80 Silver* $ 5.24 – $0.10 Platinum* $385.75 – $13.00 Nickel** $ 2.41 – $0.11 Lead** $ 0.20 – $0.01 Copper $ 0.85 $0.00 Zinc $ 0.41 – $0.02 Courtesy of Scoti…
News
LD FUNDS
Gold Funds as of Apr. 20 BGR Central Net Value $17.42 $6.78 Price $14.75 $7.375 Premium 8.8% Discount 15.33% Value $141,531,000 $133,482,338…
Adrian drilling boosts Petaquilla project
In recent months, senior mining companies have offered more than $700 million to acquire four large copper and copper-gold deposits in various parts of the world. Mining analysts predict that another …
Minorca acquires projects in Mexico’s Durango state
An agreement has been signed whereby Minorca Resources (VSE) can earn a 40% interest in Mexican mining company BLM Mexicana S.A. from Bharti Laamanen Mining of Sudbury, Ont. Minorca has the option to …
Orleans receives results from wollastonite survey
A marketing survey headed by SNC-Lavalin has confirmed that several parties are interested in high-quality wollastonite from Orleans Resources’ (ME) St. Onge Twp. property near Lac St. Jean, Que. The …
New reserves for Maude Lake Gold at Beatty Twp.
After re-evaluating data at its gold property in Beatty Twp., Ont., Maude Lake Gold Mines (CDN) has calculated new reserve estimates of 813,414 tons averaging 0.24 oz. gold per ton. Ore has been delin…
Contractor signed for Greenstone’s Santa Rosa
A contractor has been hired to carry out open-pit mining at Greenstone Resources’ (TSE) Santa Rosa gold mine in west-central Panama. Brown & Root is moving men and equipment to the site in preparation…
LAST BUT NOT LEAST — Ramrod options Lovie property
An option agreement with Santa Fe Pacific Mining (NYSE) gives Consolidated Ramrod Gold (TSE) the right to earn a 50% interest in the Lovie gold property in Lander Cty., Nev. In consideration for the i…
LAST BUT NOT LEAST — Princeton loss mounts
A drop in copper prices and the resulting shutdown of mining operations at its Similco copper mine in British Columbia left Princeton Mining (TSE) with a 1993 loss of $24.8 million on revenues of $47….
PEOPLE — LANDON RESOURCES (April 25, 1994)
Robert Paul appointed director.
LAST BUT NOT LEAST — Vauquelin drills two Quebec plays
Two exploration programs have been completed by Vauquelin Mines (ME) on the company’s wholly owned Fourax and 85% owned Bloc-Ouest/Nordeau properties. A $70,000 drill program totaling more than 2,300 …
COMMENTARY — Communication and weight reduction
Communicating underground in mines is extremely difficult. Rock densities block out conventional radio signals; telephone lines do not reach more than 20% of a mine’s operating area; and because of th…