Gold began the New Year on a bearish note, shedding US$2 to US$350.50 on reports that Russia will end the state monopoly on mining and open up ground for prospecting. The newly founded republic says i…
Initial drilling results from the Pascalis property in northwestern Quebec of Acabit Exploration (ME) returned, over a 4-ft. intersection, 2 ft. of 4.7 oz. gold per ton, 1 ft. of 0.04 oz. and 1 ft. of…
After funding over $1 million of exploration over the past two years, a unit of Asarco (NYSE) recently dropped its option to earn 60% of the Taseko copper-gold property west of Clinton, B.C. Westpine …
Financially beleaguered Breakwater Resources (TSE) is continuing negotiations with an undisclosed party aimed at reaching an agreement for a restructuring plan. The company, which has reported heavy l…
A North American mine produced more than one million ounces gold in 1991. The Gold Quarry mine of Newmont Gold (NYSE) in northeastern Nevada yielded about 1,025,000 oz. during the year. The mine set i…
Alberta-based Takla Star Resources (ASE) recently launched a major lawsuit in Ontario seeking the return of a graphite mining property at Graphite Lake, Ont., from Cal Graphite (VSE). Takla Star is al…
The Geological Survey of Canada (GSC) will stage its second Minerals Colloquium in Ottawa on Jan. 22-24. The colloquium will follow the GSC Forum on Jan. 20-22. The colloquium and forum comprise the s…
With the latest phase of drilling on its property near Matheson, Ont., complete, Glimmer Resources (VSE) says mineralization has been extended 100 metres along strike. Hole 91-60, which picked up the …
One of the more active projects this year is Crown Butte Resources’ (TSE) New World gold-silver-copper property in an old mining camp near Cooke City, Mont. The company took on the project in 1987, wi…
Exploration activity in Washington was largely focused on the Republic gold camp, a region best known for Hecla Mining’s (NYSE) high-grade (0.9 oz. head grade) gold mine. Hecla is still exploring near…
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 7 Jan 6 Jan 3 Jan 2 Jan 1 Copper 1130-1131 1133-1134 1150-1151 1146-1147 NA Lead…
ALUMINUM: MW U.S. market US51.00-51.50 cents per lb. (Dec. 26, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CAD…
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