Newmont Gold sells Grassy back to Atlas
Atlas (AZ-N) is buying back the Grassy Mountain gold deposit in southeastern Oregon.Atlas has paid US$206,000 and issued a promissory note for US$500,000 to the current vendor, Newmont Gold (NGC-N). A…
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THE DIAMOND PAGE — BHP enters talks with De Beers over Lac de Gras mine
BHP Minerals says it has had discussions at senior levels with De Beers Consolidated Mines about marketing gemstone production from its diamond project near Lac de Gras in the Northwest Territiories.T…
STOCK MARKETS — Tumbling golds pull western markets down
The Vancouver Stock Exchange composite index slipped 21.93 points over the report period ended Oct. 1, to close at 1,205.5. The resource index finished at 2,284.43, down 78.66 points. The resource sec…
Spot prices at a glance (October 07, 1996)
Wednesday, October 2, 1996Price (US)Week’s ChangeGold*$379.20- $4.05Silver*$ 4.91…
Metal Prices — FREE MARKET (October 07, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateOct. 1Sept. 30Sept. 27Sept. 26Sept. 25…
Mansfield suing Corriente over Argentine copper property
An ongoing dispute over a copper porphyry property in Argentina will land Mansfield Minerals (MDR-V) and Corriente Resources (CTQ-V) in a British Columbia court.Mansfield is suing Corriente over its r…
Cominco earnings expected to dip
The earnings of Cominco (CLT-T) for the third quarter ended Sept. 30 are expected to be lower than those of the previous quarter.The projected decrease is attributed to lower prices for copper, nickel…
True North results prove encouraging
Newmont Gold (NGC-N) and its 35% partner, La Teko Resources (LAORF-Q), have completed summer drilling at the True North gold deposit in the Fairbanks district of Alaska.The more than 80 holes drilled …
Wolverine results incorrectly stated
Drill results from the Wolverine project in southeastern Yukon were incorrectly identified in our issue of Sept. 30.The Wolverine project is a joint venture held 60% by Westmin Resources (WMI-T) and 4…
CaribGold drill program expands gold zones
Another round of drilling has been completed at CaribGold’s (CG-T) Cameguey gold concession in Cuba.The program tested the Santa Elena prospect area, with the first nine holes having been completed on…
Saoura yields gold for Iamgold, Ashanti
The first phase of drilling on the Saoura concession in Niger has identified a promising gold prospect, reports Iamgold (IMG-T).Of the 33 reverse-circulation holes drilled on the Libiri prospect, 18 r…
Piedmont files for bankruptcy
North Carolina-based Piedmont Mining (PIED-O) has filed for protection in U.S. Bankruptcy Court so that it might gain a chance of being heard in its action against Amax Gold (AU-N).In March of this ye…