Rhodium reaches US$7,000 per oz.
The price of rhodium continued its meteoric rise and recently realized US$7,000 per oz. in New York. South Africa, the Soviet Union and Canada are the three suppliers of rhodium to the world market. A…
News
Deak negotiating financing for Kerr mill modification
Financing of an ambitious scheme by Deak Resources (TSE) to mill gold and base metal ore at Virginiatown, Ont., could result in the company more than doubling its share capitalization by 1993. Shareho…
General News & Comment Falconbridge names officer for
Nickel- copper producer Falconbridge Ltd. has made a move to tackle head on the biggest issue of the 1990s, the environment. Perhaps best known for its Sudbury, Ont.-based nickel mining operations, Fa…
Metal Prices FREE MARKET (July 23, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 17 July 16 July 13 July 12 July 11 Copper 1525-1528 1536-1538 1580-1582 1593-15…
Placer Dome after Corona?
Speculation abounds that Canada’s largest gold producer Placer Dome (TSE) may be eyeing rival Corona (TSE) as a potential takeover candidate. Both companies have been making headlines lately as they b…
Teck increases stake in Triumph
A flow-through private placement of 880,000 shares of Triumph Resources (VSE) to Teck (TSE) has increased Teck’s interest in Triumph to 2.49 million shares or 52.6%. The placement, priced at 50 cents …
Tournigan looking for partner at Bear pass gold property
Although no agreement has been made, Tournigan Mining Explorations (VSE) says it has started talks with several major mining companies for a possible joint venture to further explore and develop its B…
PRODUCER PRICES (July 23, 1990)
ALUMINUM: MW U.S. Market US72-73 cents per lb. (Jul. 5, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$2.95-3.05 per lb. (Jul. 5, 1990). CADMIUM: N…
Barkhor has Star drilling results
Vancouver-based Barkhor Resources (VSE) has released assay results from the first two drill holes on its Star base metal property, near Cranbrook, B.C. The company, which is seeking “Sullivan-type” ba…
Toronto Stock Exchange Breakthrough at Trail hurts Cominco,
As investors waited for the Dow Jones Industrial Average to break the magic 3000 mark, employees at Cominco’s smelter in Trail, B.C., were confirming what the market has been saying all week. In antic…
Limited production at Magnacon mine
Production is continuing on a limited basis at the Magnacon gold mine in northern Ontario while operators Muscocho Explorations (TSE) and Flanagan McAdam Resources (TSE) continue to seek refinancing. …
LAC guarantees BIG refinancing
Toronto-based LAC Minerals (TSE) has agreed to guarantee a 420,000-oz. gold loan for its 65% owned subsidiary Bond International Gold (TSE). After evaluating various long- term refinancing alternative…