EDITORIAL PAGE — The business of risk
It’s not uncommon these days to hear speakers, who like to philosophize and theorize about life’s many different activities, refer to the mining industry in Canada as “mature.” Something along the lin…
1993
Barrick announces record output, earnings for 1992
For the seventh consecutive year, American Barrick Resources (TSE) has posted record production and earnings. The company produced more than 1.3 million oz. gold in 1992 compared with 789,846 oz. in 1…
PRODUCER PRICES (February 15, 1993)
ALUMINUM: MW U.S. market US56-57 cents per lb. (Jan. 28, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CA…
Russian conference on industrial minerals
An international conference on industrial minerals will be held in Petrozavodsk, Russian Karelia, Sept. 7-14. English will be the language used at the conference. The meeting, arranged by the Russian …
LATIN AMERICA — Pacific Rim acquires Argentine option
An option on a polymetallic massive sulphide project in Argentina was recently acquired by Pacific Rim Mining (VSE). The property, known as La Colorada, covers 55,000 hectares and is accessible by roa…
Focus on remediation
A short course, scheduled for March 21-22, will highlight advanced remediation technologies and case histories. Focus will be on solid and hazardous waste issues of the 1990s that involve the mining, …
Charges hurt Cyprus’ 1992 results
Special charges against 1992 earnings pushed Cyprus Minerals (NYSE) well into the red with a loss of US$333.6 million, or about US$8.46 per share. The loss resulted from special charges totalling US$4…
METAL PRICES — FREE MARKET (February 15, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 9 Feb. 8 Feb. 5 Feb. 4 Feb. 3 Copper 1562-1563 1559-1560 1534-1535 1538-1539 15…
New corporate look for South Atlantic
A recently completed debt swap and a private placement increases Adolf Lundin’s interest in South Atlantic Ventures (VSE) to 62.5%, or about 15.3 million shares. The company, along with 30% joint vent…
INSIDER TRADING — Goldcorp ups stake in juniors
Toronto-based Goldcorp (TSE), which made its early fortunes as a publicly traded company by investing in gold stocks, increased its position in two Canadian juniors recently. According to the Ontario …
Trio identifies targets at Rodeo
A number of deep drill targets were identified by Trio Gold (ASE) on its Rodeo Creek property on the northern portion of Nevada’s Carlin Trend, one mile northwest of the producing Dee gold mine. The t…
Cyprus to drill at Massicotte
A drilling program is scheduled to begin this month on the Massicotte property north of La Sarre, Que., Radisson Mining Resources (ME) reports. Radisson says it has signed an option agreement, subject…