PRODUCER PRICES (August 10, 1992)
ALUMINUM: MW U.S. market US60.50-61.50 cents per lb. (Jul. 23, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…
News
Royal Oak to pay $1.8 million for ERG’s Timmins assets
Royal Oak Mines (TSE) says it will buy all of the processing facitilies of ERG Resources from a secured creditor for $1.79 million. Royal Oak says it will not incur any liability for ERG’s past activi…
Tundra plans to join forces with Oneida, Golden Pond
Subject to regulatory approval, Tundra Gold Mines (VSE) plans to complete a merger with Oneida Resources (VSE) and Golden Pond Resources (VSE) to form a new company, TGO Resources. The amalgamated com…
Mexico allows 100% participation in mining ventures
New mining legislation will open Mexico’s mining industry to increased foreign investment and expanded exploration. For the first time, foreign investors will be permitted up to 100% participation in …
GUEST COLUMN – Stifling mine development
How ridiculous can some of those vociferous, head-in-the-clouds environmentalists, including our own public servants, get? A case in point would have to be a charge against Maybrun Mines, a small isol…
PEOPLE — BELLEX MINING
Bill Love appointed director.
PEOPLE — KOOKABURRA GOLD
Bruce Walker appointed director.
Falconbridge drilling at White Star
Shares of White Star Copper Mines (CDN) broke through the $1 mark in active trading on growing speculative interest in the current drilling being carried out by Falconbridge on the company’s small but…
Joint venture for Haile project
New partners Piedmont Mining (NASDAQ) and Amax Gold (NYSE) recently signed a definitive joint venture agreement for the Haile property near Kershaw, S.C. Amax announced the purchase of a 67.5% interes…
Vintage metallurgy now “chemically correct”
With a wary eye on the environmentalists, quite a few gold mining companies are making a big to-do about recovering gold without cyanide. In this day and age, being “chemically correct” is highly desi…
Higher output for Hemlo Gold
Low-cost gold producer Hemlo Gold Mines (TSE) increased first-half output to 236,600 oz. from its two operating mines. Production at the Golden Giant mine at the Hemlo camp in northern Ontario totalle…
Joint venture deal lets underground work begin on Lightning
Although it was staked 65 years ago, the Lightning gold zone in northeastern Ontario was only discovered in 1984. Now, after a protracted session of haggling over ownership interests, the property’s s…