METAL PRICES — FREE MARKET (August 30, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 24 Aug. 23 Aug. 20 Aug. 19 Aug. 18 Copper 1988-1989 1946-1947 1968-1969 1930-1932 1928-1930 Lead 387-388 384-386 390-391 387-388 38…
1993
COMMENTARY — Home-grown political risk
The biggest challenge facing the mining industry today is its fierce battle with another industry — the industry of the preservationists, the professional (and elitist) organizations which exist only…
PEOPLE — OPACT RESOURCES (August 23, 1993)
Donald Scott appointed director.
No silver linings evident in B.C. mining cloud
Plagued with uncertainty over its future, the British Columbia mining industry is urging the provincial government to demonstrate that it is interested in reviving the ailing sector. Government attitu…
Gold City to drill western properties
Alberta-based Gold City Resources plans to begin drilling this month on its two gold properties in south-central British Columbia. The properties have geology similar to the Crown Jewel-Buckhorn mine …
LATIN AMERICA ROUNDUP — Denyvan negotiates Nicaraguan deal
An interest in two Nicaraguan gold mines, La India and the producing El Limon, will be acquired by Denyvan Resources (ME) in a deal with Triton Mining, a private Vancouver company. To earn its interes…
Mine improvements boost Homestake’s quarterly output
Improvements at two key mines enabled Homestake Mining (NYSE) to produce a record 479,200 oz. gold during the quarter ended June 30. This represents a 4% improvement over gold production in the same p…
New conductors outlined on Canmine’s Fer Property
Several new geophysical anomalies have been delineated on the Collins Point area of the Fer property in northern Manitoba, reports owner Canmine Resources (CDN). Collins Point is one kilometre west of…
Metal Prices — FREE MARKET (August 23, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 17 Aug. 16 Aug. 13 Aug. 12 Aug. 11 Copper 1938-1939 1935-1937 1968-1969 1941-1943 1924-1925 Lead 387-388 384-385 385-386 387-388 39…
Placer Dome plans creation of separate Canadian unit
Toronto-listed Placer Dome is forming a separate unit to provide better management of its Canadian operations, which turned out 862,000 oz. gold in 1992. Douglas Fraser, former manager of the Porgera …
Mexican output keeps pace
The value of Mexico’s mining output (at current prices) was slightly higher in 1992 than in 1991. Mexico continues to produce more silver than any other country and last year ranked among the top 10 p…
Monk, Sikaman amend deal
An amended letter of agreement has been signed by Monk Gold Resources (TSE) and Sikaman Gold Resources (TSE) which allows the former to earn a 37.5% interest in the Sol Wood mine and a half interest i…