Index (June 05, 1995)
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1995
METAL PRICES — FREE MARKET (June 05, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateMay 30 May 29May 26May 25May 24Copper2853-2854N/A2843-28442862-28642823-2824Lead606.5-607N/A605-605605.5-607.5606.5-607.5…
Royalstar Resources aims to revive Tonkin Springs gold mine
Vancouver-based Royalstar Resources (VSE) has acquired an interest in the Tonkin Springs gold project, a re-emerging gold producer situated in central Nevada.The company acquired the interest with the…
Coral and Amax Gold reach new agreement
A new agreement is in place that allows Amax Gold (NYSE) to continue to earn a 60% interest in Coral Gold’s (VSE) Robertson project. The property lies within the Battle Mountain trend in Nevada’s Cres…
COMMENTARY — Single window would cut costs
Companies wanting to invest in the Canadian mining industry often find themselves tangled in a seemingly endless sea of red tape; red tape which must be cut through, tied up, rubber-stamped, re-packag…
Global metals markets oscillating
Metals prices began a recovery in May, buoyed by continued positive fundamentals and supported by good economic news from many sectors other than the North American auto and house-building sectors, wh…
Pan American sees silver lining
Plans to gain a minority interest in a Mexican silver producer have collapsed for Pan American Silver (TSE), which is now investigating other acquisitions and joint ventures.The company had reached an…
Sonoran property shows promise
Positive drilling results from the Piedras Verdes copper property in Sonora, Mexico, have provoked the renewed interest of Jonpol Explorations (TSE), a member of the syndicate that owns the property.J…
Orvana drilling El Tigre prospect
Eight drill holes are planned to test the potential of the El Tigre gold property in Sonora, Mexico. Orvana Minerals (TSE) has initiated the 1,200-metre drill program in order to check out a large, si…
RTZ signs partnership deal with Freeport-McMoRan
Mining giant RTZ (NYSE) has signed a definitive agreement with Freeport-McMoRan (NYSE) for a partnership arrangement announced in March (T.N.M., March 20/95).RTZ, through its wholly owned subsidiary R…
Atna picks up additional holdings
By acquiring a 60% interest in the Horsefly property, 80 km southeast of Prince Rupert, B.C., Atna Resources (VSE) will expand its holdings along an extensively altered and metamorphosed belt of volca…
Hudson Bay Mining wins rescue competition
Mine rescue personnel from the Flin Flon division of Hudson Bay Mining & Smelting have won the 1995 Manitoba mine rescue competition. The Thompson mine rescue team, representing Inco, was runner-up.Fi…