GREATEST VALUE TRADED (May 06, 1996)
Inco Ltd T166947$46 3/44546+1/2Diamond Flds T159597$42 3/840 1/841 7/8+1 1/2Placer Dome T151717$38 1/237 1/837 7/8-1/4Barrick Gold T125254$41 7/840 3/441 3/4+5/8BRE-X Mnrls…
News
STOCK MARKETS — Western markets hit record highs
Western markets continued to advance at a breakneck pace over the report period ended April 30 with both the Vancouver Stock Exchange resource and composite indices hitting new 52-week highs.The resou…
American Mineral raises $30 million
Arkansas-based American Mineral Fields (VSE) has raised $30 million to acquire, explore and develop mining properties worldwide.Through a private placement, American issued 4 million special warrants …
Spot prices at a glance (May 06, 1996)
Wednesday, May 1, 1996Week’s Price (US)ChangeGold*$391.00-$0.10Silver*$ 5.33+$0.01Platinum*$400.50-$2.75Nickel**$ 3.56-$0.05Lead**$ 0.370.00Copper $ 1.21+$0.01Zinca$ 0.46-$…
Queenston, Franco-Nevada acquire Inco ground near Kirkland Lake
A land package exceeding 100 sq. km in area has been assembled by Queenston Mining (TSE) and Franco-Nevada Mining (TSE) in the Kirkland Lake area of northeastern Ontario, and the two companies plan to…
Noranda defends stake in New World project
Even when surrounded by its own shareholders, Noranda (TSE) can not avoid the controversy over the New World gold-copper-silver project in Montana.At the annual meeting, shareholder James Barrett, a r…
Leader Mining picks up Knife Lake copper property in N.E. Saskatchewan
Alberta-listed Leader Mining International has taken an option on the Knife Lake copper property in northeastern Saskatchewan from Copperquest (CDN).Leader will spend $1 million on exploration over th…
Placer corrects claim to mine safety record
As a result of a previously unidentified lost-time accident at Placer Dome’s Campbell gold mine, the mine is correcting its claim to a Canadian safety record.Placer Dome reported 1.8 million man hours…
Development work under way at Mount Polley
Partners Imperial Metals (TSE) and Sumitomo are developing, under a revised agreement, the Mount Polley gold-copper project in central British Columbia.The new agreement gives Sumitomo a 45% interest …
Archon drilling geophysical targets
In the Northwest Territories, Archon Minerals (VSE) has resumed a 6-hole drill program for potential kimberlites.The company, under the direction of President Stewart Blusson, is testing geophysical a…
McLellan sells Canada to international investors
Canadian mining companies hold interests in more than 2,700 properties spanning 99 countries around the world. Anne McLellan, minister of Natural Resources Canada, wants to lure those companies back h…
GOLD FUNDS (May 06, 1996)
Gold Funds as of April 25, 1996BGRCentralNet Value$24.70$6.70Price$19.40$6.800Discount21.46%1.5%Value$193,126,000$123,075,240…