Gold Reserve works Km 88 play
With three rigs operating and 40 more holes planned for the current phase of drilling, Gold Reserve (TSE) continues to receive encouraging results from its Las Brisas property.Situated within the Kilo…
News
Musto shareholders support offer
Shareholders of International Musto Explorations (TSE) have tendered almost 33.4 million shares (or about 98% of those that are outstanding) in favor of a bid made by Rio Algom (TSE) and Australian-ba…
Kinross takes on Nevada project
For a half interest in the Goldbanks gold property near Winnemucca, Nev., Kinross Gold (TSE) will pay Restoration Minerals, a small private company, US$6 million and 800,000 shares of Kinross stock.Ki…
Altai buys antimony deposit
Canadian junior Altai Resources (TSE) has bought the Bayat antimony oxide deposit in southwestern Turkey.The deposit, which lies within a 512-hectare property east of the city of Afyon, is accessible …
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…
Funding gives Quebec mines opportunity for new lease on life
A little government money goes a long way underground, says Jean-Guy Rivard, president of Richmont Mines (TSE).Richmont is one of five mining companies in la belle province to snag a share of a $5-mil…
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…
Low Canadian dollar benefits Ontario mining industry
Metallic commodities are priced in U.S. dollars and, because of this, monetary exchange rates have a significant impact on the revenues generated by Ontario mining operations.The mineral sector analys…
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…
Drilling adds potential to Voisey Bay
Exploratory drilling is expanding the tonnage potential of the Voisey Bay nickel-copper-cobalt project in Labrador.Property owner Diamond Fields Resources (TSE) says six holes were directed at evaluat…