Companies (August 21, 1995)
INDEXAberAdrianAfricn MinAlleghenyAmaradoAranleeArielAsia MinAudreyAurizonBaja GldBarrick GldBetter ResBHP MinBirchwoodBre-XCache ExplCambiorCamecoCanyonCenturionChase Citadel Gld…
News
NEWS IN BRIEF (August 21, 1995)
Cusac Industries Ltd. (CQC: TSE) has changed its name to Cusac Gold Mines Ltd. (CQC: TSE:VSE).
LABRADOR NEWS ROUNDUP — CanAlaska outlines zone on Konrad
Reconnaissance exploration on the Konrad property, west of Voisey Bay, Labrador, has led to the identification of a north-south-trending gossan zone.International CanAlaska Resources (VSE) traced the …
LABRADOR NEWS ROUNDUP — Primero ground hosts anomalies
An airborne geophysical program over Primero Industries’ (VSE) block of 230 claims in Labrador has uncovered several prospective anomalies, particularly in the northeastern corner.The ground is 3 km n…
Beaufor results encourage Louvem
The Beaufor gold deposit in Pascalis Twp., Que., is showing promising results as development advances.Partners Louvem Mines (TSE) and Aurizon Mines (ME) report that development work in June produced 8…
Cambior bids for Audrey shares
Montreal-based Cambior (TSE) will acquire the remaining issued and outstanding common shares of Audrey Resources (TSE) by Sept. 1.Cambior will offer $1.40 per Audrey share, in the form of cash or the …
METAL PRICES — FREE MARKET (August 21, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateAugust 15 August 14August 11August 10August 9Copper3040-3042 2994-29953014-30193005-30063006-3008Lead609-610 610.5-611.5619-620…
STOCK MARKETS — Market slides but gold stocks catch a wave
The Toronto Stock Exchange saw most of last week’s moderate gain slip away, as market participants remained edgy on conflicting economic news. For the 5-day report period ended Aug. 15, the TSE 300 co…
Hemlo, Orvana acquire Chilean property
Toronto-listed Orvana Minerals and senior gold producer Hemlo Gold Mines (TSE) are optioning the Esperanza gold property in northern Chile.Hemlo will hold 60% and Orvana 40% of the joint venture, whic…
Kingurutik discoveries followed up
Follow-up ground work by NDT Ventures (VSE) on the Kingurutik Lake property of Lucero Resource (VSE) has outlined gossans containing sulphides and associated graphite.Mapping and prospecting identifie…
TSE Short Positions (August 21, 1995)
Short positions outstanding at July 31, 1995.Larger individual positions included: Barrick Gold 4,618,216; Agnico-Eagle 152,330; Alcan Aluminium 808,653; Bema Gold 1,437,500; Caledonia M’g 305,200; Ca…
LaRonde adds oomph to Agnico’s earnings
A strong performance by the LaRonde mine near Val d’Or, Que., enabled Agnico-Eagle (TSE) to boost second-quarter earnings by 75%.For the quarter ended June 30, Agnico earned $6.3 million (or 17 cents …