Interest rate fears caught up with the Toronto Stock Exchange last week, throwing the TSE 300 index for a 3.5% loss over the report period ended Dec.17. The composite index fell 209.66 points to close…
Gold Funds as of December 12, 1996BGRCentralNet Value$22.36$6.11Price$16.75…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.16/96 (change from previous week in brackets):Copper115,375(+10,100)Tin9,790(-70)Lead122,625(+350)Zinc516,550(-4,950)Al…
Wednesday, December 18, 1996Price (US)Week’s ChangeGold*$369.00- $0.60Silver*$ 4.8…
1996Dec 17Dec 16Dec 13Dec 12Dec 11HighLowComposit…
Radisson Mining Resources (RDS-M) will not exercise its option on MSV Resources’ (MSV-M) Eastmain gold mine. Radisson could have earned a half interest by investing $8 million in reopening the mine, s…
Juniors Goldbrook Explorations (GDK-A) and Shane Resources (SEI-V) have jointly optioned the Pipeline gold prospect just southwest of Beardmore, Ont.A program of geophysical surveys and stripping is u…
A drilling program by Dakota Mining (DAK-T) is expanding the Anchor Hill gold deposit at the Gilt Edge property in South Dakota.The company says the program also led to the discovery of significant mi…
Vancouver-based Teck (TEK-T) has acquired a 60% interest in the Lobo and Marte gold properties in Chile’s Maricunga district.The agreement is between Teck, which is acting through wholly owned subsidi…
Junior Stroud Resources (SDR-T) is seeking funds to develop its Hislop gold project near Matheson, Ont., while, at the same time, putting the finishing touches on a joint venture in Indonesia.The juni…
Junior Normabec Mining Resources (NMB-M) plans to acquire the Mina Eureka gold property in Jujuy province, Argentina.For its interest in the 14,000-ha property, Normabec must spend US$2 million in exp…
With an eye on two promising Mexican properties, Laramide Resources (LAM-T) has launched a $5.3-million takeover bid for all outstanding shares of Aquiline Resources (AQI-V).Laramide already holds a 3…
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