1994

The Canadian securities industry has come under considerable scrutiny in recent years, and each review usually leads to a fresh batch of proposals to reform the regulatory system so that investors can…

In a bid to become a dominant low-cost producer of alluvial almandine garnet products, Bitterroot Resources (VSE) will buy a 700-ton-per-day modular heavy mineral recovery plant in Arizona. The 4-year…

Having agreed to buy the Ridgeway mine near Columbia, S.C., Kinross Gold (TSE) is poised to generate 500,000 oz. gold and gold equivalent per year. It will acquire the mine by buying Kennecott Ridgewa…

ALUMINUM: MW U.S. market US78.5-79.5 cents per lb. (Sept. 22, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 30, 1994). BISMUTH: MW New York dealer US$3.90-4.30 per lb. (Sept. 30, 199…

U.S. fabrication demand for silver in electronic-electrical applications jumped to more than 18.8 million oz. in 1993 from 18.3 million oz. in 1992. A significant cause of that 500,000-oz. increase is…

Intense lobbying from mining companies and the impending end of the congressional session in the U.S. have sunk efforts to rewrite that country’s 122-year-old Mining Law. In late September, frustrated…

Consistent with its objective of becoming a pure silver company, Pan American Minerals (TSE) is acquiring two undeveloped silver properties in the U.S. from Asarco (NYSE). The principal property is th…

A new study about silver (T.N.M., Sept. 26/94) by the British firm Metals & Minerals Research Services (MMRS) paints a bleak outlook for the rest of the decade. According to the study, silver prices a…

Robert Kane appointed vice-president and director of international exploration; Londell Faught appointed vice-president and chief financial officer; and Edward Mihelich appointed vice-president and ch…

Drilling is under way at the Camsell Lake project in the Northwest Territories, with the first 1,000-ft. hole now half-completed. The hole was collared in kimberlite at a 45 angle and reportedly is st…

Week’s Price (US) Change Gold* $392.15 – $5.35 Silver* $5.60 – $0.10 Platinum* $417.50 – $1.90 Nickel** $2.90 – $0.02 Lead** $0.29 + $0.01 Copper $1.14 – $0.02 Zinc $0.47 + $0.01 Courtesy of Scotiaban…

Three deals concerning gold concessions in Ghana have been struck among Mutual Resources (VSE), EQ Resources (CDN) and Opawica Explorations (TSE). Mutual can acquire EQ’s interest in Ghana-based SETO …