Barrick to buy Gold Bar in Nevada
Barrick Gold (ABX-N) is hoping to gain a foothold in Nevada’s Battle Mountain trend by purchasing the Gold Bar property from Atlas (AZ-N).The major can acquire more than 90% of the property with an op…
News
Battle Mountain hits gold on Birim’s Dunkwa property
Battle Mountain Canada (BMC-T) has recovered encouraging gold intersections from the Opon prospect, part of the 230-sq.-km Dunkwa property of Birim Goldfields (BGI-T) in the Ashanti gold belt of Ghana…
Rosebud blossoms ahead of schedule
Commercial production at the Rosebud gold-silver mine in northwestern Nevada has begun, two months ahead of schedule and US$3 million under budget.Joint owners Hecla Mining (HL-N) and Santa Fe Pacific…
LME WAREHOUSE LEVELS (May 05, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 28/97 (change from previous week in brackets):Aluminium802,100(-16,200)Copper141,075(-9,050)Lead114,500(+1,650)Nickel5…
Shareholders give nod to merger of Chase, Delta
Shareholders of Chase Resource (GQS-T) and Delta Gold Mining (DTG-V) have approved a merger agreement.Under the proposed amalgamation, Chase shareholders will receive one share of the new company for …
EDITORIAL AND OPINION — Expect more media scrutiny, not less — Eye on Toronto
Jack Geller, acting chairman of the Ontario Securities Commission (OSC), has criticized the media for creating “a feeding frenzy” over Bre-X Minerals and the issue of whether or not there is gold at i…
NEW HORIZONS — Gold in the heavens
Whether in steady orbit around the earth or on a long journey to a distant planet, satellites and the success of their missions depend on gold.Handheld Global Positioning Satellite (GPS) units are bei…
Busang audit expected May 5
Market-watchers are bracing themselves for a rough ride as Bre-X Minerals (BXM-T) and Freeport McMoRan Copper & Gold (FCX-N) await interim results of Strathcona Mineral Services’ technical audit on th…
Drilling tests Bylund prospect
Joint-venture partners Freewest Resources Canada (FWR-T) and Greater Lenora Resources (GEN-T) have drilled three holes on their Bylund gold property, 55 km west of Thunder Bay, Ont.Drill results are: …
PRODUCER PRICES (May 05, 1997)
Aluminium: LME settlements US$1,611 per tonne, alloy $1,480 per tonne (April 29/97).Antimony: Composite free market, US$2,310 per tonne (April 29/97).Bismuth: Composite free market US$3.10 per lb. (Ap…
Hecla explores for Mexican gold
A first phase of exploration will begin at the Jojoba gold project in northern Mexico.The 1,120-ha property is held by Aquiline Resources (AQI-V), though Hecla Mining (HL-N) has an option to buy a 60%…
TSE SHORT POSITIONS (May 05, 1997)
Short positions outstanding at April 15, 1997Larger individual positions included: Armada Gold 57,500, up 57,500; Barrick Gold 12,023,018, up 287,782; Agnico-Eagle 273,008, down 137,021; AJ Perron Gol…