STOCK MARKETS — Base metals add power to TSE
The Toronto Stock Exchange’s composite 300 index rose 1.8% during the trading period Jan. 8-14, hitting a record high of 6054.86. The previous record was 6018.65, set on Nov. 28, 1996. It was the sixt…
News
Santa Fe plans talks with Newmont
In a response to a second bid from Newmont Mining (NEM-N), Santa Fe Pacific Gold (GLD-N) has agreed to sit down and begin negotiations about a business combination between the two companies.Newmont of…
LETTER TO THE EDITOR — Miranda name may result in confusion
Miranda Industries is not the same company as Miranda Mining & Development, which is the company referred to in your issue of Dec. 30, 1996 (“Mexico sizzles for Miranda, Teck”). It is unfortunate that…
FACTS’N’FIGURES — India’s untapped potential
Recent changes to India’s mining regulations are paving the way for increased foreign investment in that sector and a stronger Indian economy.At a recent conference in London, B.P. Baishya, India’s mi…
Altavista drills gold at Santa Anna
Montreal-based Altavista Mines (AIA-M) has announced encouraging drill results from its Santa Anna gold property, 15 km southwest of La Sarre, Que.The new structure, called Zone 8, was first intersect…
Joutel discovers gold prospect at Christina
Surface sampling by Joutel Resources (JTL-T) has uncovered a new gold zone on the Christina property in the Sierra Maestra region of southeastern Cuba.The new structure has an overall length of 114.4 …
Kazakstan turns down proposal
The government of Kazakstan has rejected a proposal made by Teck (TEK-T) and First Dynasty Mines (FDM-T) to develop the Vasilkovskoye gold deposit.Situated in the country’s northern region, the deposi…
Rio Algom discovers copper in Chilean desert
Bypassing the roundabout, acquisitive route followed by most major mining companies, Rio Algom (ROM-T) has made its own substantial grassroots discovery in Chile.The company has outlined a large coppe…
Timbuktu Gold set to drill in Mali
Drilling at Timbuktu Gold’s (TBT-A) Sitakili gold concession in Mali is set to begin, while a meeting to change the company’s name has been postponed.The Calgary-based junior has contracted Boart Long…
SPOT PRICES AT A GLANCE (January 20, 1997)
Wednesday, January 15, 1996Price (US)Week’s ChangeGold*$352.45- $3.35Silver*$ 4.65…
Meridian books a passage to India
Junior Meridian Peak Resources (MRK-V) is forming a subsidiary to explore for gold in India.Although the formation of Meridian Minerals India (MMI) is still subject the the approval of Indian regulato…
Gitennes arranges placement with Teck
Gitennes Explorations (GIT-A) has arranged a $4.2-million private placement financing with Teck (TEK-T) to help fund exploration in Peru.The transaction includes 1 million units of Gitennes at $4.20 e…