Spot prices at a glance (May 31, 1993)
Week’s Price (US) Change Gold* $377.25 – $1.50 Silver* $ 4.56 – $0.18 Platinum* $390.10 – $1.90 Nickel** $ 2.57 + $0.03 Lead** $ 0.18 $0.00 Copper $ 0.83 + $0.02 Zinc $ 0.44 $0.00 Courtesy of Scotiaba…
News
Cash cost drops for gold producers
The average cash cost of Western gold producers dropped to US$247 per oz. in 1992 from US$260 the previous year, Gold Fields Mineral Services reports in its Gold 1993 report. otal average production c…
Platinum market in 1992 in oversupply
The world platinum market was marginally oversupplied last year by 20,000 oz., Johnson Matthey says in its Platinum 1993 Review. Supplies of the metal dropped by 8% in 1992 to 3.82 million oz. because…
Madeleine Mines receives environmental permit
The Ontario Ministry of the Environment and Energy has issued Madeleine Mines (TSE) final approval for operation of the Lac des Iles platinum-palladium mine, 60 miles north of Thunder Bay, Ont. Upon c…
Airborne geophysics and mineral trains — Canadians advance
Speakers from around the world gathered here at a recent conference to discuss new developments in the search for diamonds in several parts of Canada. Donald Mustard, past president of the Canadian Ge…
Arimetco boosts MacArthur interest
Tucson, Ariz.-based Arimetco International (TSE) plans to acquire the remaining half of the MacArthur copper property in western Nevada. The property, jointly owned by Arimetco and Brookline Minerals …
Ex-Gold Fields managers run Akiko
Several former senior executives of Gold Fields Mining have taken over the helm of Akiko Gold Resources (VSE). President Stephen Flechner said Akiko intends to pursue projects that will enable it to b…
Fording award for reclamation
Fording Coal has won a mine reclamation award. It was presented in Port Hardy at British Columbia’s annual mine reclamation symposium. Other winners were Noranda Minerals, which was awarded a metal mi…
Glamis builds acquisition war chest
Net proceeds of about $22 million from two recent financing arrangements will be used by Glamis Gold (NYSE) to fund the acquisition of gold properties and augment working capital. James Billingsley, v…
A strategic view of the industry’s competitiveness
A large part of our industry activity is driven by enthusiasms — enthusiasms that capture the imagination of investors and of the industry press. The arrival of instantaneous information capability m…
Rock mechanics symposium planned
The University of Texas, in Austin, will be the site of the first North American Rock Mechanics Symposium on June 1-3, 1994. This symposium, a regional meeting of the International Society for Rock Me…
PEOPLE — FORFRONT VENTURES (May 31, 1993)
Gerald McKenzie appointed director.