PEOPLE — AMCAN MINERALS
Michau Huisamen elected director.
News
PEOPLE — FALCONBRIDGE (December 30, 1996)
Oyvind Hushovd appointed president, chief executive officer and director.
PEOPLE — CALLIOPE METALS (December 30, 1996)
Gavin Becker appointed president and chief executive officer.
Placer, Brazilian strike Sabara deal
The Brazilian subsidiary of Placer Dome (PDG-T) will acquire from Brazilian Resources (BZIN-C) an interest in the Sabara gold property.To earn its 70% stake, Placer Dome must make option payments wort…
Potential buyer walks away from Bruceside
Canamera Geological has walked away from an $8-million deal with Newhawk Gold Mines (NHG-T) for a 60% interest in the Bruceside-Sulphurets gold-silver property.Previous feasibility work at the British…
Cons. Eurocan moves on Zairian feasibility study
Tenge Fungurume, a copper-cobalt project in Zaire, will undergo a $15-million feasibility study.The project is currently owned by Tenge Fungurume Mining, a Zairian company owned 45% by state-owned min…
Keylock signs in for Kazakstani mineral projects
Calgary-based Keylock Resources (KL-A) has signed a letter of intent to merge with Centramining, a Cyprus-based company with five exploration properties in Kazakstan.Under the terms of the deal, Keylo…
GUEST COLUMN — How to make a royalty trust
It seems that everyone wants to buy royalty trusts involving mining or oil and gas because interest rates for those trusts are low compared to investor expectations, and there are few alternatives for…
ODDS N SODS — The Flying Bandit
In search of items for a mining exhibit, Red Lake Museum volunteers Jim Dodd and Bill Tetlock came across an old desk beneath a pile of rock and drill core. The desk, which was wrapped in burlap and p…
STOCK MARKETS — Westen market gets early Christmas gift
Over the holiday-shortened report period ended Dec. 19, the Vancouver Stock Exchange composite index posted a 8.59-point gain, to 1,134.65, while the resource index rallied 35.22 points to close at 2,…
Spot prices at a glance (December 30, 1996)
Friday, December 20, 1996Price (US)Week’s ChangeGold*$369.20+ $0.20Silver*$ 4.88…
STOCK MARKETS — Toronto rebounds from week-long slide
Following a disastrous five days, the Toronto Stock Exchange bounced back on Dec. 18 and 19, carrying the TSE 300 composite index to 5,844.30, a gain of 134.10 points. The market’s 116.66-point gain o…