Cambior issues offer to buy Audrey
An offer to acquire all minority shares of Audrey Resources (TSE) has been filed by Cambior (TSE), which currently owns 75% of Audrey’s outstanding shares.Under the terms of the offer, 10.5 shares of …
News
Tiomin set to take over Cerro Colorado
Contractual details regarding development of the Cerro Colorado copper project in Panama have been resolved.After extensive negotiations, PanaCobre (a wholly owned subsidiary of Montreal-listed Tiomin…
Hemlo camp makes quiet progress
Exploration companies are active again in the Hemlo gold district of northern Ontario, working at a slower and steadier pace than their predecessors did in the early 1980s.About 85-90% of the greensto…
TSE to switch to decimal pricing
The Toronto Stock Exchange will be the first exchange in North America to move to decimal pricing.Under the current system, issues with prices above $5 trade in increments of one-eighth of a dollar. T…
Copper shortfall is expected
An analysis of worldwide copper mine production has led to the prediction that a million-ton annual shortfall will exist by the year 2000 and that new projects may be brought on stream to compensate f…
Copper-gold recovery process is taking off
Chemical giant DuPont has joined forces with New York-listed Newmont to manage a recovery process that promises to transform the copper and gold mining sectors.The joint venture, called AuGMENT Techno…
Toronto Stock Exchange Indices (September 11, 1995)
— 1995 –Sept 5Sept 4Sept 1Aug 31Aug 30HighLowComposite”300″4560.15N/A4525.884516.704531.184718.273983.34Metals&Minerals4953.77N/A4892.044856.304966.725276.123273.56Integrated …
Demand for the yellow metal reaches a new record level
Physical demand for gold reached a record level of 1,793 tonnes in the first half of 1995, according to Gold Fields Mineral Services (GFMS).The U.K.-based firm attributes the rise to increased jewelry…
GREATEST VALUE TRADED, AUG. 30-SEPT. 5
Exchg. Value($000s)HighLowCloseChange Inco Ltd T103782$48 3/446 3/448 5/8….Placer Dome T70765$35 5/834 1/435 1/4-3/4Barrick Gold T60456$34 3/833 1/434 1/8-1/4Noranda Inc T…
Freewest and Detector find showing at Camking
Trenching at the Camking property, 6 km northwest of Matachewan, Ont., has revealed a gold-mineralized zone with an apparent surface width of 15 metres.Operator Freewest Resources (TSE) has announced …
Stellar options lateritic nickel
An agreement with Longpoint Mining of Manila gives Stellar Gold (VSE) rights to a 100% interest in a lateritic nickel-cobalt deposit in the Philippines.The 10,000-hectare property contains an estimate…
STOCK MARKETS — Western markets gain as Labrador programs intensify
A breath of fresh air swept over the western markets for the report period ended Sept. 5. The Vancouver Stock Exchange composite index gained 25.46 points to finish at 864.99, while the resource index…