METAL PRICES — FREE MARKET (October 21, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateOct. 15Oct. 14Oct. 11Oct. 10Oct. 9…
Articles by Northern Miner Staff
PRODUCER PRICES (October 21, 1996)
ALUMINIUM: LME settlements US$1,322 per tonne (Oct. 15, 1996), alloy US$1,188 per tonne (Oct. 8, 1996).ANTIMONY: Composite free market, US$2,175 per tonne (Oct. 9, 1996).BISMUTH: Composite free market…
STOCK MARKETS — Western markets still dragging their heels
The Vancouver Stock Exchange composite index fell 43.8 points over the report period ended Oct. 15 to close at 1,156.11. The resource index fell even farther, closing down 71.21 points at 2,234.75.Bor…
STOCK MARKETS — Markets ride wave as metals sink
The Toronto Stock Exchange’s TSE 300 index hit two record high closings in the four trading days between Oct. 9 and 15. The TSE composite closed at a record 5,461.20 on Oct. 11 and came back with a 5,…
Orezone acquires ground in N.W. Que.
Junior Orezone Resources (ORZ-M) has re-acquired the Bourlamaque property on the eastern boundary of Placer Dome’s Sigma gold mine in Val d’Or, Que.The company sold the property last year, only to rep…
Peruvian Gold tests Encanto prospect
Junior Peruvian Gold (PVO-V) is awaiting assay results from nine diamond drill holes on the Encanto gold porphyry prospect in northeastern Ecuador.To date, the program has spanned 921.8 metres, having…
Princeton pushing to bring Huckleberry to production
Despite a steady October drizzle that turns the ground to mud, crews are keeping up the pace of constructing a new, open-pit copper mine at the base of this Coast Range mountain.The steel girders are …
Bre-X shareholders to get dividend
Shareholders of Bre-X Minerals (BXM-T) will soon receive shares of Bro-X Minerals, a wholly owned subsidiary which acquired Bre-X’s interests in the Sable and Sangihe properties in Indonesia for $2.8 …
Correction (October 21, 1996)
Two holes drilled by Orvana Minerals (ORV-T) at the Butte Highlands gold property in Montana intersected 0.1 oz. gold per ton over 82.5 metres (including 25.3 ft. of 0.16 oz.) and 0.1 oz. over 91 ft. …
Scorpion announces equity financing
Toronto-based Scorpion Minerals (SCP-T) has entered into an agreement with Loewen Ondaatje McCutcheon for a special warrant financing in order to raise $15-$19.5 million.Through a wholly owned subsidi…
Komis mine pours first yellow metal
The Komis mine of Golden Rule Resources (GNU-T) has celebrated its first gold pour.Situated in Saskatchewan’s Waddy Lake region, the mine is processing 378 tons per day of low-grade development ore.Si…
Palmer tests Cikoneng gold prospect
The second hole drilled on the Cikoneng gold-silver prospect at the Cibaliung property in West Java, Indonesia, has intersected a true thickness of 14.85 metres grading 11.3 grams gold and 88.51 grams…