METAL PRICES — FREE MARKET (September 16, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateSept. 10Sept. 9Sept. 6Sept. 5Sept. 4…
News
Huge gem diamond found at Kelsey
The largest diamond ever recovered in Colorado was recently pulled from the Kelsey Lake mine of Redaurum (RRK-T).The 28.3-carat stone is the fifth-largest diamond ever found in North America (the larg…
Meridian, Dee settle legal dispute
A unit of Meridian Gold (MNG-T) and Dee Gold Mining, a unit of Rayrock Yellowknife Resources (RAY-T), have settled a land dispute related to their neighboring gold mining operations in Nevada’s Carlin…
Oliver firms up Zimbabwean prospect
Junior Oliver Gold (OGO-V) reports encouraging diamond drill results from the first 47 metres of the initial hole on its Ipanema prospect in Zimbabwe.Results have been received from intersections at h…
Newmont wins control of Latin America’s largest gold mine
Mining giant Newmont Gold (NGC-N) has won a majority interest in Latin America’s largest gold mine.A Peruvian court has ruled that Newmont and Compania de Minas Buenaventura have the right to acquire …
Junior partners hit nickel-copper values in Labrador’s Okak South region
Narrow intercepts with some strong nickel-copper-cobalt values have been found in core from the NOT No. 3 property in the Okak South region of Labrador.The property, shared equally by Noront Resources…
Golden Bear Minerals announces placement to fund global exploration
Vancouver-based Golden Bear Minerals (GB-V) has announced a private placement to fund property work and repay loans.The company will place up to 5 million special warrants at $1.60 each. Each special …
Nevsun announces private placement
Nevsun Resources (NSU-T) has announced a private placement of up to 3 million special warrants at $10 each.Gross proceeds are expected to total $30 million, a portion of which will be used to develop …
Spot prices at a glance (September 16, 1996)
Wednesday, September 11, 1996Price (US)Week’sChangeGold*$383.15- $2.80Silver*$ 5.0…
MOST ACTIVE ISSUES, September 4-10
ExchgVol(000s)CloseWilliam ResT86761.70Gitennes ExplA…
Carson acquiring international diamond assets
A past-producing diamond mine in Sierra Leone has become the latest African acquisition of Carson Gold (CQJ-V), and, in a simultaneous development, Carson’s board has resolved to change the company’s …
Partners define reserves at Yaou gold project
The four partners developing the Yaou gold project in French Guiana have calculated a probable reserve figure of 10.3 million tonnes grading 2.7 grams gold per tonne.The joint venture consists of Guya…