GREATEST VALUE TRADED, July 17-23
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News
STOCK MARKETS — Golds, base metals falter on the week
The Toronto Stock Exchange drifted this week in quiet trading, finishing the report period ended July 23, down 2 points to 4,918.59. Golds and base metals were slightly higher while industrial product…
Gold Reserve ups estimate at Las Brisas
The Las Brisas concession in the Kilometre 88 region of Venezuela has undergone a new grade and tonnage calculation.New figures unvelied by Gold Reserve (GLR-T) show an additional 300,000 oz.gold, bri…
EAG extends mineralization
Drilling on Emerging Africa Gold’s (EAGI-C) gold property in Guinea has returned some encouraging results.The best intersections from the Gobele vein assayed 14.9 grams gold per tonne over 27.5 metres…
Spot prices at a glance (July 29, 1996)
Wednesday, July 24, 1996Price (US)Week’s ChangeGold*$384.40+ $0.75Silver*$ 4.98…
Echo Bay finishes Santa Elina deal
Echo Bay Mines (ECO-X) has completed its acquisition of half of Santa Elina Gold (SAU-T), and, as a result, shareholders of the latter can exchange their shares for those of the former.Echo Bay raised…
High River Gold announces results
Results from an 11-hole drill program on High River Gold Mines’ (T-HRG) Taparko property in Burkina Faso indicate that the GT zone has a minimum strike length of 300 metres.One of six gold-bearing zon…
BHP and Centurion ink Little Bingham deal
BHP Minerals has exercised its option on the Little Bingham copper-gold property, southwest of Salt Lake City, Utah.BHP will earn a 75% interest in the property from owner Centurion Mines (CTMC-Q) by …
Muscocho group unveils merger plans
The Muscocho group of companies, which have never fully recovered from their brush with insolvency in the late 1980s, have agreed to merge.A new company, named Golden Goose Resources, will emerge from…
OBITUARIES — Elmore Dillman
Elmore Dillman, a mining promoter who worked across Canada, has died. He was 78.A graduate of the University of Saskatchewan’s mining engineering program, Mr. Dillman started his career in the late 19…
Securities disclosure is going electronic
By autumn, the System for Electronic Document Analysis and Retrieval (SEDAR) will be mandatory for many public companies.Described as an improvement over traditional paper filings made to Canadian sec…
STOCK MARKETS — Western markets take another beating
Western markets were hit hard at the end of our report period ended July 23, erasing most of the gains made earlier in the week.The Vancouver Stock Exchange composite index closed up 3.85 points at 1,…