Spot prices at a glance (November 04, 1996)
Wednesday, October 30, 1996Price (US)Week’s ChangeGold*$380.30- $3.65Silver*$ 4.83…
News
NEWS IN BRIEF (November 04, 1996)
McNickel (MCNC-C) has changed its name to Sahelian Goldfields (SHGI-C) on a 1-new-for-8-old-share basis.
Santa Fe gets nod to expand Lone Tree
The U.S. Bureau of Land Management has approved the proposed expansion of the Lone Tree gold mine southwest of Winnemucca, Nev.Santa Fe Pacific Gold (GLD-N) may now extend the mine’s main pit into Sec…
Golden Bear tests Indonesian prospect
Junior Golden Bear Minerals (GB-V) is encouraged by results from an 8-hole drill program on the Beruang Mas South project in southern Sumatra, Indonesia.In addition, a closely spaced geophysical progr…
Queenstake entices Aussie to Peru
Australian-listed Newcrest Resources has signed a joint-venture agreement with Queenstake Resources (QTR-T) for 12 properties in central Peru.The 19,600-ha land package, wholly owned by Queenstake, is…
Centurion strikes gold in eastern Utah
Salt Lake City-based Centurion Mines (CTMC-Q) has cut significant gold and silver mineralization in sedimentary rocks at its Kings Canyon property in east-central Utah,Drill hole 10 encountered minera…
Testing boosts resource at Pirquitas deposit
Sunshine Mining & Refining (SSC-N) has received encouraging results from preliminary metallurgical testing at its Pirquitas silver-tin deposit in Argentina.Early results indicate that silver recoverie…
INSIDER TRADING — Bre-X Minerals insiders cash in stock options
Directors and senior officers of Bre-X Minerals (BXM-T) were among the mining executives who reported trades to the Ontario Securities Commission during the past month.Vice-president T.S. McAnulty sol…
ODDS’N’SODS — The nose knows
In the summer of 1961, a mining company hired me, a summer geology student, to assist Bill Mundle in mapping a property that had recently been optioned from a local prospector and his partners.The pro…
Goldtex Res. drilling Nevada properties
Junior Goldtex Resources (GXR-A) plans to spend $2.8 million on 50,000 ft.of drilling to test 10 gold properties in Nevada.A total of 11 targets will be drill-tested, while, at the same time, geochemi…
MOST ACTIVE ISSUES, Oct. 23-29
ExchgVol(000s)CloseBRE-X MnrlsT1220523.65Bema GoldT…
LME Warehouse Levels (November 04, 1996)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct.28/96 (change from previous week in brackets):Copper132,350 (-27,000)Tin10,075(+60)Lead117,100(+550)Zinc544,375(-2,725)…