Rea to recover from third quarter
Mechanical problems at the Mt. Hamilton mine have taken their toll on Rea Gold (TSE), as has the mining of a low-grade ore zone there.Production at the mine, situated near Ely, Nev., slipped to 7,100 …
News
Toronto Stock Exchange Indices (December 18, 1995)
1995 Dec 12Dec 11Dec 8Dec 7Dec 6HighLowComposite”300″4703.674739.844740.574724.304745.104752.803983.34Metals&Minerals5089.875124.885149.775184.595247.245276.123273.56Integrated Min…
Wyoming geologists identify nickel-copper-cobalt prospect
The Wyoming State Geological Survey has identified anomalous nickel-copper-cobalt mineralization in the southeastern part of the state.Samples collected from a layered, mafic-ultramafic complex known …
Aur applies to repurchase shares
Aur Resources (TSE) has applied to the Ontario Securities Commission for an order that will exempt it from making formal notice of an issuer bid if it buys back shares held by Teck (TSE) and Cominco (…
Mosquito and Intl. Wayside drill-test Cariboo for bulk-tonnage potential
Drilling on the Cariboo Gold Quartz mine property in central British Columbia is returning gold values for Vancouver-listed partners Mosquito Consolidated Gold Mines and International Wayside Gold Min…
Loma de Hierro granted approval
It’s full steam ahead for the Loma de Hierro laterite nickel project.A recent environmental approval by the Venezuelan government follows close on the heels of approval for the feasibility study.The p…
Production on the rise for Placer
Gold output for Placer Dome (TSE) is expected to reach 2 million oz. in 1996, up from a projected 1.8 million oz. in 1995.The company expects its cash cost of production to average US$220 per oz. in 1…
PRODUCER PRICES (December 18, 1995)
ALUMINUM: MW U.S. market US78 cents-79 cents per lb. (Dec. 1, 1995).ANTIMONY: MW New York dealer US$2.20-2.40 per lb. (Nov. 24, 1995).BISMUTH: MW New York dealer US$4.00-4.30 per lb. (Nov. 24, 1995).C…
CanGold teams with Kazakhstan Goldfields
Kazakhstan Goldfields, a private, Ontario-based corporation, has merged with Amalgamated CanGold (TSE).The deal, which takes effect Dec. 31, is subject to regulatory and shareholder approval.Through i…
STOCK MARKETS — Atna, Nickelodeon bright spots in dim market
After entering the December month on an upswing, western markets edged downward over the report period ended Dec 12. The Vancouver Stock Exchange resource index slipped 5.44 points to close at 1,265.1…
Tyler hopes for Heart of gold
Two drills are working at the Weedy Lake property, northeast of La Ronge, Sask.Operator Tyler Resources (TSE) and Golden Rule Resources (TSE) have budgeted $572,000 for 5,545 metres of drilling.Previo…
Kalahari tips Mexican Hat toward feasibility
A joint-venture agreement between Kalahari Resources (VSE) and Oneida Resources has revived the Mexican Hat project in Cochise Cty., Ariz.Kalahari can earn up to a 60% interest in the property by spen…