Sigma struggles for profitability
The workforce at the Sigma gold mine in Val d’Or, Que., will be reduced by about 100 employees in early July.Operator Placer Dome (PDG-T), which currently has 325 employees on site, says the reduction…
News
Fairfield in hands of Almaden management
Management of Fairfield Minerals (FFD-T) is now in the hands of Almaden Resources (AMH-V).Fairfield has been searching for a group to take over management of the company ever since John Stollery resig…
TSE SHORTS (July 01, 1996)
Short positions outstanding at June 15, 1996Larger individual positions included: Barrick Gold 8,936,790; Agnico-Eagle 399,194; Arequipa 137,000 Aur Resources 149,300; Bema Gold 4,276,777; Caledonia M…
Tri Origin starts financing plans for Lewis Ponds
Financing of the development of the Lewis Ponds deposit will be raised in Australia by way of a $16.4 million (Canadian) public offering of Tri Origin Australia, a wholly owned unit of Tri Origin Expl…
GOLD FUNDS (July 01, 1996)
Gold Funds as of June 20, 1996BGRCentralNet Value$24.63$6.51Price$18.70$6…
Drilling probes Blackdome mine
A minimum 5,000-ft. diamond drilling program is under way at the Blackdome gold mine in southwestern British Columbia.Petro Plus (PPV-A) can earn a half interest in the former underground producer fro…
MOST ACTIVE ISSUES, June 12-18
ExchgVol(000s)CloseArizona StrV148676.50BRE-X MnrlsT…
DIAMOND PAGE — Argyle producers and CSO go separate ways
Argyle Diamonds will not renew its marketing contract with the Central Selling Organization (CSO) when it expires at the end of the month.Argyle is a joint venture consisting of RTZ-CRA, Ashton Mining…
Big Valley drilling near Mount Polley
A drill program operated by Big Valley Resources (BV-A) is testing the Lloyd-Nordik and BV properties adjacent to the Mount Polley gold-copper mine being constructed in central British Columbia.The 9-…
Redaurum starts production at Kelsey Lake diamond mine
Production is in full swing at the first commercial diamond mine in North America.Nestled high in the the foothills of the Rocky Mountains of northern Colorado, the Kelsey Lake operation started up in…
Companies (June 24, 1996)
Absolut Res.Alta GoldAmax GoldAmerican GemAMT Int’l M’gArizona StarArmistice Res.Ashanti GldfldsAshton MiningAtna ResourcesBarrick GoldBema GoldBHP MineralsBig Valley Res.Birim GoldfldsBorneo GoldBrea…
COMMENTARY — Idaho act sets standard for wildlife conservation
Mining companies in central Idaho’s Lemhi Cty. helped negotiate, and recently signed, a historic, multi-party agreement to protect stream-side habitats for the area’s endangered species.Working in con…