METAL PRICES — FREE MARKET (November 08, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 2 Nov. 1 Oct. 29 Oct. 28 Oct. 27 Copper 1622-1623 1601-1602 1612-1613 1608-1609 1600-1601 Lead 396-397 394-395 402-403 401-402 395-…
News
Similco shutdown caused by slump in red metal prices
The Similco copper mine in northwestern British Columbia is being forced to close, though owner Princeton Mining (TSE) describes the shutdown as temporary. The announcement came after Princeton was to…
OPINION — Separate northern status advocated
Territorial status for northern Ontario would mean northerners would be able to revive their mining and forestry industries. The multiple use of land would have to be the basis for any resource policy…
Former Noranda exec to head Abitibi junior — Pezim shifts
Canada’s best-known mine financier is setting his sights on la belle province, particularly the Abitibi region where his geological team intends to apply some new concepts in the hope of making discov…
Kookaburra Res. drops Chaucha
After receiving results of column testing of supergene ore from a copper prospect in Ecuador, Kookaburra Resources (TSE) decided to drop its option. It had the right to earn a half interest in the Cha…
Jordex expands Bolivian portfolio
Toronto-listed Jordex Resources has added substantially to its land position in Bolivia’s Precambrian Shield. The recent acquisition of the 4,431-hectare Paula Cecilia property brings to 45,000 hectar…
Production milestone for McLaughlin mine
New York-listed Homestake Mining plans to celebrate the pouring of the two-millionth ounce of gold from the McLaughlin mine at Lower Lake, Calif. The milestone was set Oct. 15, and will be commemorate…
Int’l Platinum (November 08, 1993)
Toronto-listed International Platinum (IP) has reached an agreement with New Ventures Development concerning an Arizona property. The agreement, subject to due diligence, will allow IP the right to ea…
NEWS ROUNDUP — Miramar buys Con mine
Having acquired the Con underground gold mine in Yellowknife, N.W.T., Miramar Mining (VSE) ranks as one of the 15 highest-producing gold miners in Canada. The company acquired the mine from Nerco Mine…
NEWS ROUNDUP — Musto increases grades at Argentine
International Musto Explorations (TSE) reports an increase in copper and gold grades at its porphyry deposit in northwestern Argentina. The announcement follows the re-analysis of 4,200 samples from t…
Rea reviews Bissett mining potential
With the gold market having picked up, Rea Gold (TSE) is assessing the former-producing Bissett property in Manitoba. Kilborn Western and Tonto Mining will assist in the pre-feasibility study, the foc…
Fairfield doubles production estimate
The Siwash North deposit is expected to produce 25,000 oz. gold in 1994, more than double the 12,000 oz. Fairfield Minerals (TSE) plans to recover from this year’s test mining. The bulk of these ounce…