GREATEST VALUE TRADED, May 1-7
Exchg Value($000s)HighLowCloseChangeBarrick Gold T184077$43 3/840 1/243 1/4+1 1/2Placer Dome T158922$4037 3/839 7/8+2Inco Ltd T133491$47 3/845 1/247+1BRE-X Mnrls T132546$21…
News
STOCK MARKETS — Golds lead TSE as base metals rise
A rally by the golds enabled the Toronto Stock Exchange to improve over the period ended May 7. Nonetheless, the TSE 300 composite finished at another record high of 5,167.07 after having dipped sligh…
Summitville pleads guilty to charges
Facing 40 charges arising from environmental damage at its Colorado gold mine, Summitville Consolidated Mining has entered a guilty plea and been assessed US$20 million in fines in United States feder…
Correction (May 13, 1996)
Drill hole NR-29 at the Rainy River property of Nuinsco Resources (TSE) was drilled at an angle of 65 and the mineralized intersection of 7.7 metres is believed to have intersected the mineralized bod…
LETTER TO THE EDITOR — Mines merger in B.C. to increase efficiency
As minister responsible for energy and mining in British Columbia, I want to clarify comments made in your editorial (“Now you see it . . .” in T.N.M., April 1/96) regarding the merger of the former M…
EDITORIAL PAGE — Managing environmental risk
It would seem firefighting is still a popular approach to environmental management for many Canadian companies. That, at least, is the conclusion we can draw from a recent survey on environmental mana…
Aussie nickel project attracts interest
Although the Murrin Murrin nickel-cobalt project near Lenora, Australia, is not expected to enter production until early 1998, other nickel producers are watching the project closely, as its processin…
VBN shares start trading on CDN
Those investors who like the Voisey’s Bay deposit in Labrador as much as Inco (TSE) can continue to invest in the project through “VBN” shares, which will be issued by Inco as part of its proposed tak…
Grouse Creek mine gets reprieve from Hecla
The Grouse Creek gold mine in central Idaho will continue to operate for at least one year while the Sunbeam open pit is mined out.The future of the mine had been in doubt since Hecla Mining (NYSE) an…
Inco and Cornucopia team up
As part of a strategy to boost international exploration, Inco (TSE) has formed a “strategic alliance” with juniors Cornucopia Resources (TSE) and Carlin Resources (VSE) to develop base metal projects…
Charles Fipke eyes Yemen concessions
Charles Fipke, best known for discovering diamonds in Canada’s North, is now searching for gold in Nevada and investigating the mineral potential of Yemen.He is doing so in his new capacity as chairma…
Development work under way at Mount Polley
Partners Imperial Metals (TSE) and Sumitomo are developing, under a revised agreement, the Mount Polley gold-copper project in central British Columbia.The new agreement gives Sumitomo a 45% interest …