Lyon Lake works toward startup at Beta Vargas
The first company to get a production permit from the Costa Rican government in 11 years is Montreal-listed Lyon Lake Mines, which can now develop its Beta Vargas gold project.Beta Vargas, 150 km west…
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PRODUCER PRICES (May 20, 1996)
ALUMINIUM: MW U.S. market US75.5-76.5 cents per lb. (May 3, 1996).ANTIMONY: MW New York dealer US$1.80-$1.90 per lb. (April 26, 1996).BISMUTH: MW New York dealer US$3.80-3.95 per lb. (April 26, 1996)….
Correction (May 13, 1996)
Drill hole NR-29 at the Rainy River property of Nuinsco Resources (TSE) was drilled at an angle of 65 and the mineralized intersection of 7.7 metres is believed to have intersected the mineralized bod…
NEWS IN BRIEF (May 13, 1996)
Consolidated Brenzac Development (CNZ:VSE) has changed its name to Borneo Gold (BNO:VSE).
Index (May 13, 1996)
REGULAR DEPARTMENTSCareersClassified AdvertisingDiamond PageDrillersEditorialsFacts & FiguresLetter to the EditorMetal PricesOdds `n’ SodsProfessional DirectoryStock MarketsSubscriber ServiceThe North…
GOLD FUNDS (May 13, 1996)
Gold Funds as of May 2, 1996BGRCentralNet Value$25.39$6.70Price$19.65$6.700Discount22.60%0.0%Value$198,484,000$121,265,310…
Summitville pleads guilty to charges
Facing 40 charges arising from environmental damage at its Colorado gold mine, Summitville Consolidated Mining has entered a guilty plea and been assessed US$20 million in fines in United States feder…
GREATEST VALUE TRADED, May 1-7
Exchg Value($000s)HighLowCloseChangeBarrick Gold T184077$43 3/840 1/243 1/4+1 1/2Placer Dome T158922$4037 3/839 7/8+2Inco Ltd T133491$47 3/845 1/247+1BRE-X Mnrls T132546$21…
STOCK MARKETS — Golds lead TSE as base metals rise
A rally by the golds enabled the Toronto Stock Exchange to improve over the period ended May 7. Nonetheless, the TSE 300 composite finished at another record high of 5,167.07 after having dipped sligh…
Results encouraging at Francoeur mine
Reserves are increasing at the Francoeur gold mine near Rouyn-Noranda, Que., as Richmont Mines (TSE) finds more ore-grade mineralization along the Francoeur-Wasa shear zone.The underground program inv…
Royal Oak to own Cons. Professor
Royal Oak Mines (TSE), having received more than 90% of the shares of Consolidated Professor Mines (TSE) under its 80 cents per share takeover offer, has announced it will acquire the remaining shares…
Canadian Mining Hall of Fame is accepting nominations
The Canadian Mining Hall of Fame has announced it is accepting nominations for new inductees, who will be formally honored in early 1997.Nominations of persons who have made an outstanding contributio…