News

Short positions outstanding at January 31, 1996Larger individual positions included: Barrick Gold 7,560,893; Agnico-Eagle 127,743; Arequipa 103,941; Anvil Range 239,500; Bema Gold 1,519,600; Caledonia…

With 1996 shaping up to be another record year for North American stock markets, investors are searching for low-priced issues that have potential for significant capital gains.This trend forms the ba…

Gold Funds as of February 8, 1996BGRCentralNet Value$22.22$7.05Price$18.75$7.000Discount15.63%0.7%Value$173,749,000$126,695,100…

Construction is under way at the Trinidad gold project in Mexico’s Sinaloa state.The mine, a 51-49 joint venture between Eldorado (TSE) and Almaden Resources (VSE), is expected to produce 30,000 oz. g…

Partners Gold Giant Minerals (VSE) and Corner Bay Minerals (VSE) have dropped their option on the Korn Kobb property in southern Arizona.The decision follows the release of a drill program that outlin…

ALUMINUM: MW U.S. market US72.5 cents-74.5 cents per lb. (Feb. 2, 1996).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.05-4.30 per lb. (Feb. 2, 1995)…

Inco (TSE) can earn a 60% interest in Breakwater Resources’ (TSE) Fly Lake base metal property, east of Red Lake, Ont.To do so, the senior must spend $1.25 million on exploration and pay $125,000 over…

Graham Farquharson appointed director.

J. Allan, appointed vice-president of exploration and development.

Dave Melenchuk appointed director.

Richard Lavallee and Donette Waters appointed directors.

Robert Paul appointed president and director.