NO HEADLINE (March 21, 1994)
A recent preliminary agreement among the world’s leading aluminum-producing nations could mark a watershed in the management of commodity markets. The purpose of the agreement, reached in Brussels, wa…
News
STOCK MARKETS — Gold equities feed off bullion’s new
Gold bullion prices finally posted a strong gain after several weeks of sluggish movement. Prices rose US$9.05 per oz. to close our report week at US$385.30. The Toronto Stock Exchange gold and silver…
Joe Mann mine poses challenge to cost-conscious Campbell
Having been cut loose by Northgate Exploration, Campbell Resources (TSE) is confidently striking out on its own. President John Kachmar says the company hopes to produce 55,000 oz. gold in the current…
LAST BUT NOT LEAST — Oracle Ridge running smoothly
Five months after operations resumed, the Oracle Ridge copper mine in southwestern Arizona is reported to be running smoothly. Seventy-per-cent owner Southern Copper (VSE) placed the underground mine …
NEWS ROUNDUP — New zones found at Fer project
Drilling has intersected three base metal zones at the Fer property in northern Manitoba. Canmine Resources (CDN) reports that the new zones, 100-150 metres west of the Fer zone, strike east-west and …
NEWS ROUNDUP — White Star options ground to Falco
After dropping an option on the “A” group of claims held by White Star Copper Mines (CDN), Falconbridge has decided to option the junior’s “C” claim group. The properties are 1.5 miles northwest of th…
LAST BUT NOT LEAST — Kookaburra bullish on Tacaza drilling
Reverse circulation drilling is set to begin at the Tacaza copper property in southeastern Peru. Kookaburra Resources (TSE) is spending $500,000 on the 150-hole program, which is designed to calculate…
LAST BUT NOT LEAST — Treminco drilling Greenstone Belt
Drills are turning on the Greenstone Belt properties, under option to Treminco Resources (TSE). Seven holes, totaling 5,200 ft., have been drilled to date. The company is testing five separate shear z…
New zone found at Grouse Creek
A high-grade gold occurrence has been discovered at the Grouse Creek project in south-central Idaho. Operator Hecla Mining (NYSE), whose partner in the venture is Great Lakes Minerals (TSE), reports t…
PRODUCER PRICES (March 21, 1994)
ALUMINUM: MW U.S. market US60.75-62.25cents per lb. (Mar. 3, 1994). ANTIMONY: MW New York dealer US76-80cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993)…
OBITUARY — Eileen Malouf
A school teacher and member of the Women’s Association of Mining in Canada, Eileen Beatrice Malouf (nee Carmichael) has died. A native of Brownville Junction, Maine, she spent her early years with an …
Munera a panel speaker
The president of Minorco (USA), Gerald Munera, will present the mining industry’s perspective in a panel discussion May 2 on “the role of mining in a developed society” at the Toronto ’94 convention. …