PEOPLE — MINDORO
Rodney Orr appointed vice-president of investor relations.
News
PEOPLE — CALLIOPE METALS (November 18, 1996)
Gavin Becker appointed president and chief executive officer.
PEOPLE — ATAPA MINERALS (November 18, 1996)
Ronald Smith appointed director.
NEWS IN BRIEF (November 18, 1996)
Acabit Exploration (ACX-M) has changed its name to Western Pacific Mining Exploration (WPC-M).
LME WAREHOUSE LEVELS (November 18, 1996)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov. 11/96 (change from previous week in brackets):Copper109,175(-12,000)Tin9,580(-240)Lead114,975(-1,300)Zinc537,475(-3,55…
GOLD FUNDS (November 18, 1996)
Gold Funds as of November 7, 1996BGRCentralNet Value$22.70$6.06Price$17.90…
PEOPLE — COLERAINE MINING
Gratien Gelinas appointed president.
Westmin reports third-quarter loss
Lower copper prices and higher operating and exploration costs contributed to a $6.2-million loss for Westmin Resources (WMI-T) during the third quarter.The loss (equivalent to 12 cents per share) com…
Ambrex to start work program at Trairao in Brazil
With a preliminary resource figure calculated at its Aripuana project in Mato Grosso state, Brazil, Ambrex Mining (AMBX-C) is preparing to start work on a second prospect, the Trairao property.Trairao…
Hecla to shut down Grouse Creek mine
Having been deemed uneconomic at current gold and silver prices, the Grouse Creek mine will be closed next year.Operator Hecla Mining (HL-N), which owns 80% of the Idaho project, is currently mining o…
High River raises funds for gold projects in Siberia
The Russian gold mining company Buryatzoloto and its partial owner, High River Gold (HRG-T), have arranged financing to develop three gold mines in Buryatia, Siberia.The mines, known as Zun-Holba, Bra…
Tri Origin resumes Australian drilling
Junior Tri Origin Resources (TOE-T) has begun a 10,000-metre drill program on its fully owned Lewis Ponds polymetallic property in New South Wales, Australia.The program is intended to expand resource…