Producer prices (January 22, 1996)
ALUMINUM: MW U.S. market US78.75 cents-79.75 cents per lb. (Jan. 5, 1996).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.10-4.30 per lb. (Dec. 8, 199…
News
Champion Resources options gold-copper project in Honduras
Champion Resources (VSE) can earn half of Toronto-listed Tombstone Resources’ interest in the Minoro gold-copper project in Honduras.The project is currently an 80-20 joint venture between Tombstone a…
TSE Short positions outstanding at December 29, 1995
Larger individual positions included: Barrick Gold 6,246,906; Agnico-Eagle 121,543; Bema Gold 1,152,400; Caledonia M’g 274,300; Cambior 106,775; Campbell 1,046,900; CS Res. 1,011,100; Cons Ramrod Gold…
Alberta Energy takes control of Conwest Expl.
With 94% of the common shares of Conwest Exploration (TSE) tendered, oil and gas producer Alberta Energy (TSE) has completed its friendly takeover bid for the company.Conwest shareholders elected to r…
ODDS’N’SODS — The advantages of underground experience
In 1949, while a student employee, I was engaged as part of a blasting crew at South Crofty, a famous tin mine halfway between Camborne and Redruth in Cornwall, England.It was late in the shift, and w…
Final feasibility proves up Tulsequah Chief
A final feasibility study of the Tulsequah Chief property in northwestern British Columbia has confirmed results of a previous study.Redfern Resources (TSE) plans to develop a 2,700-ton-per-day mining…
INVESTMENT COMMENTARY — Interest in senior Canadian gold producers remains high
Over the past two years, the price of gold has hovered narrowly between US$375 to US$395 per oz. And yet investors remain keenly interested in senior Canadian gold-producing companies, some of which h…
Commission sets standards for reopening of Omai gold mine
The Guyanese government’s Commission of Enquiry into last summer’s effluent spill at the Omai gold mine has called for several modifications to the tailings dam. It has also recommended a regular prog…
Ayrex Resources unveils plan to reorganize
A planned reorganization would see Ayrex Resources (ASE) acquire exploration interests in Newfoundland and Labrador, and trade its present oil and mining interests for shares in parent Tandem Resource…
Armada ups stake in Russian company
Alberta-listed Armada Gold has purchased an additional 85% interest in Balgold through the exercise of options. Balgold is the Russian joint stock company created by Armada and its Russian partners.As…
DIAMOND NEWS ROUNDUP — River Ranch output hits record high Diamond production from the River Ranch mine in Zimbabwe reached record heights in 1995.
Redaurum (TSE) says output reached 225,516 carats, thanks partly to the comissioning of the phase III plant.In November alone, a 65-carat diamond was mined.The company anticipates production of 500,00…
DIAMOND NEWS ROUNDUP — Sweden object of diamond interest
The Swedish mining inspector’s office reports that diamond exploration permits now cover most of the country.Interest has been strong since August 1994, when Australia-based Ashton Mining announced th…