Spot prices at a glance (February 21, 1994)
Week’s Price (US) Change Gold* $383.60 + $3.35 Silver* $ 5.25 $0.00 Platinum* $400.00 + $10.50 Nickel** $ 2.61 + $0.01 Lead** $ 0.21 – $0.01 Copper $ 0.85 + $0.01 Zinc $ 0.43 – $0.01 Courtesy of Scoti…
News
Hecla opens Mexican mine
The tequila was flowing as Mexican civil servants joined managers of Hecla Mining (NYSE) to cut the ribbon on La Choya, a new gold mine in Sonora state. Situated 30 miles south of the U.S. border, the…
Lac recovers bodies of trapped miners
The bodies of two miners, trapped underground for more than two months at the Macassa gold mine near Kirkland Lake, Ont., have been recovered. The bodies of Robert Sheldon, 34, of Larder Lake, Ont., a…
NEWS ROUNDUP — American Bullion to explore Red Chris
American Bullion Minerals (VSE) has raised $5 million to explore and develop its Red Chris porphyry copper-gold project in northwestern British Columbia. The funds came from a brokered private placeme…
PEOPLE — IGF METALS (February 21, 1994)
Patrick Cheung appointed president, chief executive officer and director; Robert Ching, Arnold da Silva and Wing Shun Leung appointed directors.
Weak prices hurt Noranda
Weak metals prices and production cutbacks took their toll on Noranda (TSE), which lost $37 million in 1993, compared with net earnings of $79 million in the previous year. Earnings from mining and me…
PRODUCER PRICES (February 21, 1994)
ALUMINUM: MW U.S. market US59.50-62.00 cents per lb. (Feb. 3, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 199…
METAL PRICES — FREE MARKET (February 21, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Feb. 15 Feb. 14 Feb. 11 Feb. 10 Feb. 9 Copper 1820-1821 1827-1828 1823-1824 1854-1855 1853-1854 Lead 451-452 474-475 480-481 485-486 489…
Lumina in gold, diamond hunt
The search for gold and diamonds is keeping Lumina Investment (VSE) active in the Northwest Territories and Saskatchewan. The Vancouver-based junior, of which Robert Hunter is president, claims varyin…
Vauquelin funding
A flow-through financing by Societe en commandite Vauquelin 1993 has raised $236,000 for Vauquelin Mines (ME). The junior plans to explore two properties in northwestern Quebec: Fourax, near Malartic,…
Brimstone reserve significantly higher
The proven and probable figure has just swelled at the Crofoot-Lewis open pit in northwestern Nevada. Having subjected the Brimstone deposit to further evaluation, Hycroft Resources & Development (VSE…
NEWS ROUNDUP — Hughes Lang merger completed
An amalgamation involving Hughes Lang has been carried out. The Vancouver-listed company has merged with three Toronto-listed juniors: Orofino Resources, Nova-Cogesco Resources and Equity Reserve. The…