Companies (June 03, 1996)
INDEXAnglo AMericanArequipa Res.Arkona Res.Avalon VenturesBlack Hawk M’gBYG NaturalChampion Res.Chase ResourcesDelta Gold M’gDiamond FieldsEcstall MiningEden Roc Min.Emerging GrowthFalconbridgeFortune…
News
Penedono returns mixed drill results
Drilling on the Penedono gold concession in Portugal returned mixed results for Greystar Resources (GSL-V).The company drilled seven holes, including two to test the downdip projection of a vein that …
NEVADA SPECIAL — Lexam resuming Nevada exploration
Toronto-based Lexam Explorations (LEX-M) is preparing to resume summer exploration at its 230,000-acre land package in northeastern Nevada.Last year’s programs identified prospective targets, one of w…
NEVADA SPECIAL — Santa Fe expands mine complex in Nevada
At the Twin Creeks and Lone Tree gold mines in the desert of northern Nevada, Santa Fe Pacific Gold (GLD-N) has begun constructing several projects that will help boost annual production to 1 million …
Mt. Nansen startup imminent
Final environmental approval in the form of a Class A water licence has enabled BYG Natural Resources (BYG-T) to proceed with construction and development of its Mt. Nansen gold project near this hist…
Prime declares Eskay dividend
Shareholders of Prime Resources Group (PRU-T) are about to enjoy the benefits of the Eskay Creek gold-silver mine in northwestern British Columbia.Prime will start paying a semi-annual dividend of 4 c…
STOCK MARKETS — Resource stocks rebound in western markets
Western markets resumed their ascent over the report period ended May 28, recovering from the recent routing created by Cartaway Resources’ poor assay results from its Cirque property in Labrador.The …
Diamond Fields takeover delayed
Uncertainty over a lawsuit has prevented Inco (N-T) from completing the acquisition of Diamond Fields Resources (DFR-T) on the scheduled closing date of May 29. At presstime, the deal had not yet been…
Spot prices at a glance (June 03, 1996)
Wednesday, May 29, 1996Week’s Price (US) Change .Gold* $391.65+$0.65 .Silver* $ 5.37+$0.08 .Platinum*$400.25+$3.00 .Nickel**$ 3.59+$0.08 .Lead**$ 0.37-0.01 .Copper{$ 1.15+$0.04 .Zi…
Gold Funds (June 03, 1996)
Gold Funds as of May 23, 1996BGRCentral.Net Value$25.95$6.72 .Price $19.60$7.000 .Discount24.46%4.2% .Value$202,855,000$126,695,100 .
TSE Short Positions (June 03, 1996)
Short positions outstanding at May 15, 1996Larger individual positions included: Abacan 131,600; Barrick Gold 4,690,913; Agnico-Eagle 450,968; Algoma Steel 233,223; Adex Mining 345,000; Asia Pacific 1…
STOCK MARKETS — Juniors dominate drifting market
The Toronto Stock Exchange settled lower last week, supporting the view that the markets are fully valued. The TSE 300 composite index was down 18.94 points (0.4%) over the period May 22-28, closing a…