Gem River growing
Sapphire reserves on the Lower Dry Cottonwood Creek property in Montana have increased by 21%, reports Michigan-based Gem River (GR-A).Proven and probable reserves in the Upper Meadow portion of the p…
News
GREATEST VALUE TRADED, July 10-16
ExchgVal($000s)HighLowCloseChangeArequipa ResT287…
DIAMOND PAGE — Trade Winds finds macrodiamonds at Drybones Bay
The processing of 1,874 kg of core, collected from drilling on the Drybones Bay kimberlite pipe, has yielded 25 macrodiamonds.Trade Winds Resources (TDN-V) holds the right to an 80% interest in the pr…
MOST ACTIVE ISSUES, July 10-16
ExchgVol(000s)CloseTroymin ResA105482.40Arequipa ResT…
Spot prices at a glance (July 22, 1996)
Wednesday, July 17, 1996Price (US)Week’s ChangeGold*$383.65+ $0.25Silver*$ 5.00…
Trenching extends Takatu gold zone
A trenching program is in progress at the joint-venture Takatu gold project in northwestern Guyana.Partners Toscana Resources (TNR-V) and Champion Resources (CHL-V) report preliminary results for tren…
STOCK MARKETS — Western markets see resource index slip
Western markets continued to trend downward over the report period ended July 16.The Vancouver Stock Exchange composite index fell 74.3 points to 1,101.43, while the resource index slid through the 2,…
STOCK MARKETS — Market weakness drags TSE down
The Toronto Stock Exchange went for a long slide for the report period ended July 16, losing 156.07 points, or 3.1% of value, and closing at 4,920.59. Volumes, which had been down at summer levels, ju…
PRODUCER PRICES (July 22, 1996)
ALUMINIUM: LME settlements US$1,420 per tonne, alloy US$1,215.50 per tonne (July 15, 1996).ANTIMONY: Composite free market, US$2,775 per tonne (July 15, 1996).BISMUTH: Composite free market US$3.50 pe…
TSE Short Positions (July 22, 1996)
Short positions outstanding at June 30, 1996Larger individual positions included: Agnico-Eagle 366,373; Arequipa 236,910, up 99,910; Anvil Range Mining 418,600, up 341,100; Aur Resources 120,000, down…
MSV workers accept contract
The workers at MSV Resources’ (MSV-T) two mines in Chibougamau, Que., have accepted the latest pay raise offer from the company.The offer includes a 25 cents-per-hour raise in the first year and raise…
Royalstar, Attwood Gold to join forces
The merger of Royalstar Resources (RYQ-V) with Attwood Gold (ATW-V) is being negotiated.John Young, Royalstar’s current president, will preside over the new company, which will retain the name Attwood…