Morrison Knudsen picked for Fort Knox
Contractor Morrison Knudsen (NYSE) has been selected to construct facilities for the Fort Knox gold mine, north of Fairbanks, Alaska.Fairbanks Gold Mining, a wholly-owned subsidiary of Amax Gold (NYSE…
News
Canyon extends date for warrants
Junior Canyon Resources has extended the expiration date of warrants for buying stock.The extension, to Sept. 30 from June 30, applies to 3.9 million warrants exercisable at US$3.50 per share.Startup …
William to raise funds for Velardena
Toronto-listed William Resources intends to raise as much as $9 million to develop and construct a silver-gold mine at its Velardena project in Mexico’s Durango state.The company will issue 10-11.25 m…
PRODUCER PRICES (May 29, 1995)
ALUMINUM: MW U.S. market US84-85 cents per lb. (May 12, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995).CADMIUM…
TSE Short Positions (May 29, 1995)
Short positions outstanding at April 28, 1995.Larger individual positions included: Aber Res. 29,100; Agnico-Eagle 86,048; Asia Pacific 75,000; Baja Gold 71,500; Barrick Gold 4,744,463; Bema Gold 889,…
Toronto Stock Exchange Indices (May 29, 1995)
— 1995 –May 23 May 22 May 19 May 18 May 17 High LowComposite”300’4427.63N/A4367.264374.674373.354427.633983.34Metals&Minerals4270.76N/A4130.914118.854124.784337.893273.56Integrated Min…
Gold Funds (May 29, 1995)
Gold Funds as of May 23BGR CentralNet Value $17.15 $6.65Price$14.50$6.75Discount15.47%Premium1.5%Value$134,122,000$122,170,275…
STOCK MARKETS — Calm precedes storm at Voisey Bay
U.S. Dollar 1.3653N/A 1.3560 1.3553 1.3553Pound Sterling2.1428N/A 2.1303 2.1377 2.1275…
NEWS IN BRIEF (May 29, 1995)
Lansdowne Minerals (LNM:VSE) has changed its name to Conquistador Mines (CQL:VSE) on a share-for-share basis.
DIAMOND ROUNDUP — AK diamond results maintain interest in N.W.T. camp
Partners Mountain Province Mining (VSE), Glenmore Highlands (ASE) and Camphor Ventures (VSE) continue to release partial results from the 5034 kimberlite pipe on the AK property, 150 km south of Lac d…
Imperial reserves rise dramatically (May 22, 1995)
Estimates for the amount of gold contained within California’s Imperial project have doubled.Owner Glamis Gold (TSE) reports that minable reserves have risen to 89.9 million tons grading 0.017 oz. per…
Drilling expands Voisey Bay
Exploratory drilling west of the Voisey Baynickel-copper-cobalt discovery is expanding the scope of the Labrador project.Owner Diamond Fields Resources (TSE) reports that holes 95-89, 95-93 and 95-98 …