Venoro to acquire gold mine interest
An agreement reached with Colombia-based Sociedad Agrominera El Cerro sets the stage for Venoro Gold (VSE) to acquire an interest in a small, operating gold mine in Antioquia, Colombia.Agrominera will…
News
Coral and Amax Gold reach new agreement
A new agreement is in place that allows Amax Gold (NYSE) to continue to earn a 60% interest in Coral Gold’s (VSE) Robertson project. The property lies within the Battle Mountain trend in Nevada’s Cres…
COMMENTARY — Single window would cut costs
Companies wanting to invest in the Canadian mining industry often find themselves tangled in a seemingly endless sea of red tape; red tape which must be cut through, tied up, rubber-stamped, re-packag…
DIAMOND ROUNDUP — AK diamond results maintain interest in N.W.T. camp
Partners Mountain Province Mining (VSE), Glenmore Highlands (ASE) and Camphor Ventures (VSE) continue to release partial results from the 5034 kimberlite pipe on the AK property, 150 km south of Lac d…
NEWS IN BRIEF (May 29, 1995)
Lansdowne Minerals (LNM:VSE) has changed its name to Conquistador Mines (CQL:VSE) on a share-for-share basis.
STOCK MARKETS — Calm precedes storm at Voisey Bay
U.S. Dollar 1.3653N/A 1.3560 1.3553 1.3553Pound Sterling2.1428N/A 2.1303 2.1377 2.1275…
Gold Funds (May 29, 1995)
Gold Funds as of May 23BGR CentralNet Value $17.15 $6.65Price$14.50$6.75Discount15.47%Premium1.5%Value$134,122,000$122,170,275…
Toronto Stock Exchange Indices (May 29, 1995)
— 1995 –May 23 May 22 May 19 May 18 May 17 High LowComposite”300’4427.63N/A4367.264374.674373.354427.633983.34Metals&Minerals4270.76N/A4130.914118.854124.784337.893273.56Integrated Min…
TSE Short Positions (May 29, 1995)
Short positions outstanding at April 28, 1995.Larger individual positions included: Aber Res. 29,100; Agnico-Eagle 86,048; Asia Pacific 75,000; Baja Gold 71,500; Barrick Gold 4,744,463; Bema Gold 889,…
PRODUCER PRICES (May 29, 1995)
ALUMINUM: MW U.S. market US84-85 cents per lb. (May 12, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995).CADMIUM…
William to raise funds for Velardena
Toronto-listed William Resources intends to raise as much as $9 million to develop and construct a silver-gold mine at its Velardena project in Mexico’s Durango state.The company will issue 10-11.25 m…
Canyon extends date for warrants
Junior Canyon Resources has extended the expiration date of warrants for buying stock.The extension, to Sept. 30 from June 30, applies to 3.9 million warrants exercisable at US$3.50 per share.Startup …