Spot prices at a glance (September 23, 1996)
Wednesday, September 18, 1996Price (US)Week’s ChangeGold*$382.90- $0.25Silver*$ 5.
Articles by Northern Miner Staff
PRODUCER PRICES (September 23, 1996)
ALUMINIUM: LME settlements US$1,376 per tonne (Sept. 17, 1996), alloy US$1,212 per tonne (Sept. 13, 1996).ANTIMONY: Composite free market, US$2,625 per tonne (Sept. 17, 1996).BISMUTH: Composite free m…
STOCK MARKETS — Resource stocks take shine to Evening Session
The Vancouver Stock Exchange composite index finished the report period ended Sept. 17, up 13.66 points at 1,229.2, while the resource index rose 10.35 points to close at 2,357.16.The VSE became the f…
Greenstone secures Bonanza
Greenstone Resources (GRE-T) will boost to 100% from 80% its interest in the private Nicaraguan corporation Hemco-Nicaragua.Hemco-Nicaragua owns the Bonanza, Siuna and Rosita mining concessions, all o…
METAL PRICES — FREE MARKET (September 23, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateSept.17Sept.16Sept.13Sept.12Sept.11…
American Gem loses big in quarter
Sales of sapphires mined by American Gem (GEM-T) were not sufficient to offset losses incurred in the second quarter.American Gem lost US$1.75 million in the 3-month period ended June 30 (or US6 cents…
Asquith finds gold, plans drilling
Soil sampling on Asquith Resources’ (ASQH-C) Roandji property in the Central African Republic has identified a large gold anomaly.Two percussion drills operating on the Agoudou Manga prospect outlined…
Goldstake hits gold at Java property
Gold found in chip samples taken from its property in Java, Indonesia, was sufficient to triple the share price of Goldstake Explorations (GXP-T) last week.The shares jumped to $3.55 from $2.37 on Sep…
Nuinsco hits pay dirt in Rainy River
A drill hole at the Rainy River, Ont., project of Nuinsco Resources (NWI-T) has revealed an intercept of significant gold mineralization.Hole NR96-45, drilled near the centre of the 17 zone, produced …
James takes helm at Inmet Mining
If William James lives up to his reputation as savior of struggling Canadian mining companies, Inmet Mining (IMN-T) may finally succeed in fulfilling shareholders’ expectations.The board of Inmet has …
PEOPLE –PRIME EQUITIES
Michael Pezim appointed president and chairman; Naren Majithia appointed vice-president of finance; Peter Tallman appointed vice-president of exploration; and Neil Mandleman appointed chief financial …
THE DIAMOND PAGE — White Swan Res. lands in Africa
Saskatchewan-based White Swan Resources (WSL-A) has found a new habitat in Sierra Leone, West Africa.By acquiring an 85% interest in three companies based in the country, the company has secured a 1,6…