Metal Prices — FREE MARKET (April 24, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateApril 18April 17April 14April 13April 12Copper2927-2929N/AN/A2932-29332942-2943Lead604-605N/AN/A597-598602.5-603.5Zinc1055-…
1995
Reno symposium attracts global crowd
It was yet another sign that North America’s mining industry is growing in scope when 1,200 explorationists from around the world converged on this gambling centre to attend a geological symposium.The…
EDITORIAL PAGE — Bigger and bigger
Just when you thought you had heard it all, along comes another takeover bid in the always interesting mergers and acquisitions game.The latest activity on this front is in the auto industry, with con…
Star helping to develop large Sukhoi Log deposit
Australia-based Star Mining is hoping to strike it rich in the Irkutsk area of Siberia where gold mining has been a way of life for 148 years.Star has a 34.9% interest in a Russian company, LenaGold (…
Verdstone, Amcorp plan work
Partners Verdstone Gold (VSE) and Amcorp Industries (VSE) are set to begin a $50,000 work program on the Marion copper-gold property in British Columbia.Trenching and mapping will test the continuity …
Higher prices help Inco boost quarterly earnings
Positive first-quarter results reflect mainly higher metals prices and increased deliveries of nickel, copper and precious metals, together with significantly improved results in the alloys and engine…
Nebex outlines sulphide zone at Canso Landing
Alberta-listed Nebex Resources has outlined a zone of high-grade massive sulphide mineralization at its Canoe Landing Lake property near Bathurst, N.B.The indicated reserve, based on results from a 13…
Meetings (April 24, 1995)
May 1, Canabrava – annual, generalMay 1, Copperquest – annual, specialMay 1, Southwestern Gold – annual, generalMay 2, Ashton – annual, generalMay 2, Imasco – annual, generalMay 2, Santa Cataline – an…
Freewest’s Willett drilling returns encouraging assays
Encouraging results were obtained from drilling at the Willett copper-zinc-lead-silver-gold property in New Brunswick, Freewest Resources (TSE) reports.The wholly owned property is 6 miles southwest o…
Panamanian gold producer catches Northfield’s interest
Junior gold miner Northfield Minerals (TSE) has signed a letter of intent to acquire an 80% interest in Pangold S.A., a privately owned Panamanian gold company. The interest will be acquired in exchan…
Capital market restructuring suggested by ME president
The president of the Montreal Exchange has called for a far-reaching restructuring of the Canadian capital market.Although the Canadian financial services industry has gone through a substantial restr…
PRODUCER PRICES (April 24, 1995)
ALUMINUM: MW U.S. market US91.25-92.25 cents per lb. (April 7, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.65-3.75 per lb. (April 7, 1995)…