THE DIAMOND PAGE — Hymex producing
Vancouver-listed Hymex Diamond has reported production figures from its Diani River project in Guinea.In February, the company washed 3,044 cubic metres of gravel, recovering 1,446 stones weighing 727…
News
Canmex expands its holdings in Mexico
Exploration agreements on ground in Mexico’s Sinaloa state will expand the property position of Canmex Minerals (VSE) in the area of its Limon project.The company holds an option to buy the Muzquiz Co…
EDITORIAL PAGE — Lining up at the trough
Something has gone wrong with the government process currently reviewing a proposal to mine diamonds in the Northwest Territories.The review and public hearings are supposed to focus on the environmen…
STOCK MARKETS — Bulls and bears blunder blindly on TSE
The Toronto Stock Exchange rose fractionally between Feb. 28 and March 5, closing at 4,995.94, up 41.67 points (or 0.8%) on the week. Trading volume picked up slightly on the week, but, in general, th…
Reserves dip for Battle Mountain
While Battle Mountain Gold (NYSE) added 735,000 oz. gold to its reserve base in 1995, the amount was not sufficient to prevent a decrease in its overall inventory.The proven and probable figure stands…
THE DIAMOND PAGE — Diamonds produced at Mazaruni
Partners Mazaruni Minerals (ASE) and Exall Resources (TSE) have started producing diamonds on the Mazaruni placer diamond operation on Guyana’s Mazaruni River.A dredge is taking bulk samples in three …
THE DIAMOND PAGE — Earnings, dividends rise for De Beers
South African diamond mining group De Beers increased its earnings and dividends in 1995.De Beers Consolidated Mines and De Beers Centenary recorded a combined 11% increase in attributable earnings fo…
gold funds
Gold Funds as of Febuary 29, 1996BGRCentralNet Value$23.26$6.92Price$19.25$7.000Discount17.23%1.2%Value $181,845,000$126,695,100…
ASE seeks to clarify Naxos assays
The Alberta Stock Exchange has requested further clarification of the assaying techniques employed by Naxos Resources (ASE) at its Franklin Lake property in California.The regulatory concerns are rela…
Spotprices at a glance
Spot prices at a glanceWednesday, March 6, 1996Price (US)Week’s ChangeGold*$393.60-$4.10Silver*$ 5.36-$0.10Platinum*$406.35-$1.65Nickel**$ 3.45-$0.14Lead**$ 0.34-$0.01Copper $ 1…
THE DIAMOND PAGE — Guardian receives positive results from DK
Caustic fusion analysis on a portion of drill core from the DK pipe in southwestern Wyoming has yielded one macrodiamond and one micro from 91.2 kg of kimberlitic diatreme.Guardian Enterprises (VSE) r…
NEWS IN BRIEF (March 11, 1996)
Auckland Explorations (AUK: VSE) has changed its name to Coromandel Resources (CND:VSE) on a 1-new-for-3-old-share basis.