PRODUCER PRICES (May 13, 1996)
ALUMINIUM: MW U.S. market US75.5-76.5 cents per lb. (May 3, 1996).ANTIMONY: MW New York dealer US$1.80-$1.90 per lb. (April 26, 1996).BISMUTH: MW New York dealer US$3.80-3.95 per lb. (April 26, 1996)….
News
Fortune drilling program ignites land play in Northwest Territories
Another area play is under way, this time in the Mazenod Lake area, about 170 km northwest of Yellowknife, N.W.T.Fortune Minerals (CDN) is the centre of attention as it completes its drill program at …
Homestake excited by discovery
Exploration near the Hueso gold mine in northern Chile has become Homestake Mining’s (NYSE) “top international priority” following the discovery of a new gold zone in the area.Homestake discovered the…
Quebec coverage is lacking in The Miner
I am an exploration geologist who has lived and worked in Quebec for the past eight years.For the past several months, I have noticed that The Northern Miner’s emphasis is overwhelmingly directed towa…
GOLD FUNDS (May 13, 1996)
Gold Funds as of May 2, 1996BGRCentralNet Value$25.39$6.70Price$19.65$6.700Discount22.60%0.0%Value$198,484,000$121,265,310…
Gold projects of Dryden lure investors
Two exploration plays in the Dryden area of northwestern Ontario have brought Champion Bear Resources (ASE) and Continental Caretech (CDN) into the market spotlight over the past two months.Champion B…
Claimstaker teams up with Petro Plus MOST ACTIVE ISSUES, May 1-7
With a new joint-venture partner now in place, Claimstaker Resources (VSE) can proceed with further exploration and development work at the Blackdome gold mine property near Clinton, B.C.An agreement-…
Lower earnings for Asarco in quarter
As a result of lower copper, molybdenum and zinc prices, New York-listed Asarco has reported lower earnings for the first quarter of 1996.The company earned US$35.7 million (or US84 cents per share) d…
Companies (May 13, 1996)
INDEXAgnico-EagleAlberta EnergyAmercn BullionAsarcoAshtn Mg of CdaAtna ResourcesAvalon VenturesBand-Ore Res.Battle Mtn GoldBirim GoldfldsBroakwater DvlpCanmine Res.Cathedral GoldChampion BearClaimstak…
Earnings edge lower for Hemlo Gold
Higher spending on international projects resulted in a $1-million decline in first-quarter earnings for Hemlo Gold Mines’ (TSE).The gold miner earned $12.6 million (13 cents per share) for the quarte…
VenCan finds gold at Cline-Edwards property
A first phase of drilling is complete at the Plowman property of VenCan Gold (ME). Situated 50 km northeast of Wawa, Ont., the property lies between the former-producing Cline and Edwards gold mines.T…
Index (May 13, 1996)
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