Gold production is about to begin again at Nevada’s Paradise Peak mine. The new owner, Arimetco International (ARX-T), acquired the operation in 1995 from FMC Gold (FGL-N).Arimetco has contoured the h…
Few states have as rich a mining heritage as Nevada, which is sometimes called “The Silver State”.Mining there has been around longer than the state itself and was Nevada’s first industry, with the Co…
In Nevada’s Battle Mountain complex, Battle Mountain Gold (BMG-N) has transformed the Reona mine into a 100% run-of-mine, heap-leach facility.Battle Mountain expects to achieve lower processing costs …
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A $920,000 flow-through offering at 60 cents per share is in progress, reports New Goldcore Ventures (NGV-M).The company plans to use the funds to continue exploring its five gold and base metal prope…
The legal complexity of mining royalties is unraveled in a new book, Mining Royalties Between Private Parties, published by the Centre for Resource Studies at Queen’s University.Author Karl J.C. Harri…
Although its original target in Greenland was base metals, Major General Resources (MGJ-V) is turning up heavy minerals, which indicates potential for kimberlite discoveries.In the autumn of 1995, the…
Val($000s) High Low ChangeBRE-X Mnrls T295822$28.6522.3526.10 +2.70 .Arequipa Res T183539$34.7519.2032.65+12.50 .Diamond Flds T111220$40.0538.2539.95+0.25 .Cameco Corp T93879$6…
The Toronto Stock Exchange settled lower last week, supporting the view that the markets are fully valued. The TSE 300 composite index was down 18.94 points (0.4%) over the period May 22-28, closing a…
Short positions outstanding at May 15, 1996Larger individual positions included: Abacan 131,600; Barrick Gold 4,690,913; Agnico-Eagle 450,968; Algoma Steel 233,223; Adex Mining 345,000; Asia Pacific 1…
Gold Funds as of May 23, 1996BGRCentral.Net Value$25.95$6.72 .Price $19.60$7.000 .Discount24.46%4.2% .Value$202,855,000$126,695,100 .
Wednesday, May 29, 1996Week’s Price (US) Change .Gold* $391.65+$0.65 .Silver* $ 5.37+$0.08 .Platinum*$400.25+$3.00 .Nickel**$ 3.59+$0.08 .Lead**$ 0.37-0.01 .Copper{$ 1.15+$0.04 .Zi…
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