PRODUCER PRICES (September 30, 1996)
ALUMINIUM: LME settlements US$1,355.50 per tonne (Sept. 24, 1996), alloy US$1,197 per tonne (Sept. 20, 1996).ANTIMONY: Composite free market, US$2,500 per tonne (Sept. 23, 1996).BISMUTH: Composite fre…
1996
Taurus snaps up Cassiar area project
Junior International Taurus Resources (ITU-V) will earn a 70% interest in a block of claims near Cassiar, B.C.The company will act as project operator and, initially, earn up to a 50% interest by spen…
Laguna Gold on TSE
Junior Laguna Gold has begun trading its shares on the Toronto Stock Exchange under the symbol LGC.The company owns the Rio Chiquito gold-silver property in north-central Costa Rica. Consisting of 19 …
MOST ACTIVE ISSUES, September 18-24
ExchngVol(000s)CloseLa Rock MngV74610.54Goldstake ExpT…
Spot prices at a glance (September 30, 1996)
Wednesday, September 25, 1996Price (US)Week’s ChangeGold*$383.25+$0.35Silver*$ 4.9…
METAL PRICES — FREE MARKET (September 30, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateSept. 24Sept. 23Sept. 20Sept. 19Sept. 18…
METALS COMMENTARY — World gold output on the rise with South Africa as top producer
Worldwide gold production is expected to increase over the next three years, to 83.1 million oz. by 1998, according to The Gold Institute’s annual World Gold Mine Production forecast.South Africa cont…
Royal Oak to dig super pit at Pamour operation
More mill feed and an expanded Pamour mill are in the cards for Royal Oak Mines (RYO-T).The company now estimates that its Ontario division has a 120-million-tonne mineral resource grading 1.9 grams g…
Int’l Tournigan hits solid gold grades in Ghana
A 22-hole drill program at the Riyadh concession in southwestern Ghana has confirmed gold mineralization in a vein structure 2.6 km long.International Tournigan (ITG-V) is spending $2.5 million to exp…
ODDS’N’SODS — Close calls in Colombia
Thirty years ago, it was not uncommon for geologists and miners to engage in job-hopping. A new employer, however, was no guarantee of improvement.From 1964 to 1969, I was in charge of a U.S Geologica…
Quebec juniors ready for removal of North Shore staking ban
With the staking ban expected to be lifted soon, a host mining companies is poised to converge on the area near Lac Manitou on Quebec’s North Shore.In August, while carrying out a mapping program in t…
NEWS IN BRIEF (September 30, 1996)
Rockwealth International Resource (RWR-V) has changed its name to Strathmore Resources (SMR-V).