Bralorne set for reopening
After several years of false starts, the historic Bralorne gold mine near Vancouver, B.C., is scheduled to reopen in mid-March.The mine operated from 1916 to 1971, but low gold prices forced its closu…
News
TSE Short Positions (February 17, 1997)
Short positions outstanding at January 31, 1997Larger individual positions included: Barrick Gold 10,970,779, down 129,771; AJ Perron 0, down 376,400; Anvil Range Mining 780,200, down 144,200; Anderso…
Prime aglow over ’96 earnings
Prime Resources Group (PRU-T) enjoyed higher earnings and increased gold production in 1996.The company earned $42.1 million (or 55 cents per share) on revenue of $198.7 million, compared with $36.5 m…
MOST ACTIVE ISSUES, Jan. 29-Feb. 4
ExchgVol(000s)ClosePure Gld ResT545980.42Placer DomeT…
TORONTO STOCK EXCHANGE INDICES (February 10, 1997)
1997Feb 4Feb 3Jan 31Jan 30Jan 29HighLowComposite”…
Union Pacific lays claim to diamond mine
Diamond miner Redaurum (RRK-T) says it intends to “strenuously defend” title to its Kelsey Lake mine, 45 miles west of Fort Collins, Colo., near the Wyoming border.The company’s rights to the new diam…
Omax Resources plans financing
A private placement of 5 million warrants, priced at 83 cents each, is expected to provide gross proceeds of up to $4.15 million for Omax Resources (OXR-V).The junior company is exploring a number of …
Kennecott drilling at Candle Lake property
Drilling at the Candle Lake property near Prince Albert, Sask., is under way in an effort aimed at collecting 45 tonnes of kimberlite.The project is a joint venture involving War Eagle Mining (WEM-V),…
PRODUCER PRICES (February 10, 1997)
ALUMINIUM: LME settlements US$1,594 per tonne, alloy $1,507 per tonne (Feb.4/97).ANTIMONY: Composite free market, US$2,400 per tonne (Feb. 4/97).BISMUTH: Composite free market US$3.15 per lb. (Feb. 4/…
Oro Belle explores gold potential of Flechas property in Argentina
Exploration by Oro Belle Resources (ORS-V) is proving up the potential of the Flechas gold property in Argentina.Samples from 11 trenches assayed up to 7 grams per tonne, which is consistant with surf…
STOCK MARKETS — VSE juniors push resource index higher
Over the report period ended Feb. 4, the Vancouver Stock Exchange composite index climbed above the 1200 level for the first time since Oct. 31, 1996, to close up 18.74 points at 1,218.21. The resourc…
Regal tests target near Kidd Creek
The prospect of discovering another copper-zinc deposit comparable to Kidd Creek continues to lure junior companies to Ontario’s Timmins camp.One such company, Regal Goldfields (REGL-C), recently laun…