Patrician alliance with JCI ends
The “strategic alliance” of Patrician Gold Mines (PXX-A) and South African mining house JCI Ltd. has dissolved.As a result, the Canadian junior is required to repurchase 2 million of its own special w…
News
METAL PRICES — FREE MARKET (August 26, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateAug. 20Aug. 19Aug. 16Aug. 15Aug. 14…
Vulcan explores titanium showings in Labrador
Some long-forgotten titanium showings in central Labrador have caught the attention of Vulcan Minerals (VUL-A).At the Goose South project, 50 km southeast of Goose Bay, a geological crew from Vulcan h…
Barrick tops its own bid for Arequipa
In a bid valued at more than $1 billion, Barrick Gold (ABX-T) has at last made an offer Arequipa Resources (AQP-T) could not refuse.Under the terms of the bid, Arequipa shareholders can receive either…
Wheaton proceeds with work at Golden Bear
Although production from the Golden Bear mine in northwestern British Columbia was recently postponed, Wheaton River Minerals (WRM-T) and subsidiary North American Metals (NAM-V) are continuing defini…
CIM luncheon will shed light on Cameco
The Canadian Institute of Mining, Metallurgy & Petroleum (CIM) resumes its speakers’ luncheons on Sept. 19, when the guest of honor will be Bernard Michel, chairman, president and chief executive offi…
DIAMOND PAGE — United Reef expanding reserves in CAR
A $2.5-million exploration program on the Bamingui River diamond property in the Central African Republic is under way, reports United Reef (URP-T).Trans Hex Group of South Africa, which holds a 35% i…
MOST ACTIVE ISSUES (August 26, 1996)
ExchgVol(000s)CloseBema GoldT40413 11.20Arizona StrV…
Euro-Nevada buys into Aussie mine
Royalty company Euro-Nevada Mining (EN-T) has paid A$7 million for a 20% interest in the New Celebration gold mine, which lies in the heart of Australia’s Kalgoorlie-Kambalda gold camps.The mine, incl…
STOCK MARKETS — Junior issues soar on Vancouver market
The Vancouver Stock Exchange rose 63.97 points over the report period ended Aug. 20, to finish at 1,198.03, while the resource index leaped 273.1 points to close at 2,429.96.The latest drill results f…
It’s official: Diamond Fields now a division of Inco
With all shares of Diamond Fields Resources (DFR) now in the hands of Inco (N-T), the former’s Voisey Bay Nickel Company subsidiary has become a division of Inco.On Aug. 21, Inco’s acquisition of DFR …
Aur cuts gold at Coleman Canyon
Drilling on the Coleman Canyon property in Nevada, Aur Resources (AUR-T) has hit several thick intersections of low-grade gold mineralization.Since June, Aur has completed 21 reverse-circulation holes…