News
PEOPLE — TRADE WINDS RES. — Ulrich Kretschmar elected director.
Expansion potential at El Dorado
A prefeasibility study of the Salvadorean project known as El Dorado concludes that the surrounding district has the potential for “significant increases” in gold reserves.Operator Mirage Resource (TS…
Inmet triples its net earnings
Four factors — higher metal prices; increased production at Norddeutsche Affinerie; the acquisition of the WBH tungsten powder operation; and the initiation of operations at two base metal mines — h…
GREATEST VALUE TRADED (November 20, 1995)
Sherritt T173569$20 1/81819 7/8+1 7/8Inco Ltd T113437$47 5/845 5/847+3/8Barrick Gold T112343$35 1/833 1/233 1/2-3/8Placer Dome T101288$33 1/231 5/831 3/4-3/4Kinross Gld T…
Sunshine Mining moves to prop up its common stock
Silver producer Sunshine Mining & Refining (NYSE) plans to do away with its preferred stock and merge with a subsidiary in an effort to bolster the stock price.The company reached an agreement with th…
PRODUCER PRICES (November 20, 1995)
ALUMINUM: MW U.S. market US77.25 cents-78.25 cents per lb. (Nov. 3, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$4.00-4.20 per lb. (Oct. 13, 1…
Work continues at Parker Lake
Toronto-listed partners Cumberland Resources, Comaplex Minerals and Manson Creek Resources report that additional sampling has returned encouraging values on three prospects found on their Parker Lake…
Misty Mountain , Romulus merge
Ownership of the Harmony gold project in British Columbia is now consolidated into Misty Mountain Gold (TSE), following its merger with Romulus Resources.Misty Mountain rolled back its shares on a 1-f…
GOLD FUNDS (November 20, 1995)
Gold Funds as of November 9, 1995BGRCentralNet Value$17.15$6.62Price$13.75$6.375Discount19.81%3.7%Value$134,065,000$115,383,038…
EDITORIAL PAGE — Mining in the new South Africa
Mining is a cornerstone of the economy of South Africa, so it is not surprising that diverse interest groups within the democratically governed country are debating the formulation of a national minin…
ODDS’N’SODS — Zen and the art of bushpiloting
Late one autumn, while flying a missionary seaplane southward along the coastal mountains of British Columbia, I saw something that bush pilots rarely see.I overtook two hummingbirds, apparently flyin…