Spot prices at a glance (July 22, 1996)
Wednesday, July 17, 1996Price (US)Week’s ChangeGold*$383.65+ $0.25Silver*$ 5.00…
Articles by Northern Miner Staff
Trenching extends Takatu gold zone
A trenching program is in progress at the joint-venture Takatu gold project in northwestern Guyana.Partners Toscana Resources (TNR-V) and Champion Resources (CHL-V) report preliminary results for tren…
STOCK MARKETS — Western markets see resource index slip
Western markets continued to trend downward over the report period ended July 16.The Vancouver Stock Exchange composite index fell 74.3 points to 1,101.43, while the resource index slid through the 2,…
STOCK MARKETS — Market weakness drags TSE down
The Toronto Stock Exchange went for a long slide for the report period ended July 16, losing 156.07 points, or 3.1% of value, and closing at 4,920.59. Volumes, which had been down at summer levels, ju…
PRODUCER PRICES (July 22, 1996)
ALUMINIUM: LME settlements US$1,420 per tonne, alloy US$1,215.50 per tonne (July 15, 1996).ANTIMONY: Composite free market, US$2,775 per tonne (July 15, 1996).BISMUTH: Composite free market US$3.50 pe…
TSE Short Positions (July 22, 1996)
Short positions outstanding at June 30, 1996Larger individual positions included: Agnico-Eagle 366,373; Arequipa 236,910, up 99,910; Anvil Range Mining 418,600, up 341,100; Aur Resources 120,000, down…
MSV workers accept contract
The workers at MSV Resources’ (MSV-T) two mines in Chibougamau, Que., have accepted the latest pay raise offer from the company.The offer includes a 25 cents-per-hour raise in the first year and raise…
Royalstar, Attwood Gold to join forces
The merger of Royalstar Resources (RYQ-V) with Attwood Gold (ATW-V) is being negotiated.John Young, Royalstar’s current president, will preside over the new company, which will retain the name Attwood…
Consolidated Nevada inks Mexican merger deal
Consolidated Nevada Goldfields (KNV-T) has signed a deal with Mexican miner Grupo Real del Monte that will lead to a six-fold increase in reserves for the American company.The companies are merging th…
Elliot Lake growing independent of mining
Although the last of the ore has been hauled from the last of Elliot Lake’s mines, the task of reclaiming and revitalizing this former one-industry town has just begun.Beginning in 1955, the mining in…
The Cambior drilling at Cameron Lake
Diamond drilling has begun at the Cameron Lake gold property, a joint venture between Nuinsco Resources (NWI-T) and Cambior (CBJ-T).The project lies 80 km southeast of Kenora, Ont. Reserves are estima…
Cominco deals for Peruvian miner
Cominco (CLT-T) has acquired a 25.5% interest in the Peruvian company Inversiones Colquijirca, which holds a 51% interest in Sociedad Minera El Brocal.Minera El Brocal’s principal assets include the 2…