TSE SHORTS (May 06, 1996)
Short positions outstanding at April 15, 1996Larger individual positions included: Barrick Gold 9,513,807; Agnico-Eagle 402,058; Asia Pacific 114,900; Arequipa 148,400; Anvil Range 356,400; Bema Gold …
News
McLellan sells Canada to international investors
Canadian mining companies hold interests in more than 2,700 properties spanning 99 countries around the world. Anne McLellan, minister of Natural Resources Canada, wants to lure those companies back h…
Archon drilling geophysical targets
In the Northwest Territories, Archon Minerals (VSE) has resumed a 6-hole drill program for potential kimberlites.The company, under the direction of President Stewart Blusson, is testing geophysical a…
Queenston, Franco-Nevada acquire Inco ground near Kirkland Lake
A land package exceeding 100 sq. km in area has been assembled by Queenston Mining (TSE) and Franco-Nevada Mining (TSE) in the Kirkland Lake area of northeastern Ontario, and the two companies plan to…
TSE INDICES (May 06, 1996)
1996 Apr. 30 Apr.29 Apr. 26 Apr. 25 Apr. 24HighLowComposite”300″5146.475152.385147.765132.095116.315154.323983.34Metals&Minerals 5493.105542.135526.275476.125461.305552.883273.56Integra…
Spot prices at a glance (May 06, 1996)
Wednesday, May 1, 1996Week’s Price (US)ChangeGold*$391.00-$0.10Silver*$ 5.33+$0.01Platinum*$400.50-$2.75Nickel**$ 3.56-$0.05Lead**$ 0.370.00Copper $ 1.21+$0.01Zinca$ 0.46-$…
American Mineral raises $30 million
Arkansas-based American Mineral Fields (VSE) has raised $30 million to acquire, explore and develop mining properties worldwide.Through a private placement, American issued 4 million special warrants …
STOCK MARKETS — Western markets hit record highs
Western markets continued to advance at a breakneck pace over the report period ended April 30 with both the Vancouver Stock Exchange resource and composite indices hitting new 52-week highs.The resou…
GREATEST VALUE TRADED (May 06, 1996)
Inco Ltd T166947$46 3/44546+1/2Diamond Flds T159597$42 3/840 1/841 7/8+1 1/2Placer Dome T151717$38 1/237 1/837 7/8-1/4Barrick Gold T125254$41 7/840 3/441 3/4+5/8BRE-X Mnrls…
FINANCING (May 06, 1996)
Genesis Exploration — 3,000,000 shs @ $1.70 per sh.Westmin Resources — 10,300,000 Units, each unit consisting of one Common Sh and one-half of one Common Sh Purchase Wt @ $9.75 per Unit.
Canada to help fund democratic initiatives in African nations
Canada will contribute $2.2 million to a fund established to support democratic development in Africa.The Democratic Development Fund, which is designed to provide election support, will be disbursed …
COMMENTARY — PDAC program teaches schoolchildren the basics of mining
Patricia Dillon is a senior geologist at Teck Exploration and chairman of the Education Committee of the Prospectors & Developers Association of Canada (PDAC). She has written the following article at…