NEWS IN BRIEF (November 04, 1996)
McNickel (MCNC-C) has changed its name to Sahelian Goldfields (SHGI-C) on a 1-new-for-8-old-share basis.
News
PEOPLE — JOPEC RES. (November 04, 1996)
Robert Rosner appointed president and chief executive officer.
PEOPLE — ABITIBI MINING (November 04, 1996)
James Villegas appointed director.
PEOPLE — AFF AUTOMATED FAST FOODS (November 04, 1996)
Ron Howard appointed director.
Ecstall Mining boosts stake in Gataga project in B.C.
Ecstall Mining (EAM-V) has resolved its differences with partner Inmet Mining (IMN-T) concerning the Gataga joint venture in north-central British Columbia by negotiating an option to increase its int…
Noranda pumps cash into Quebec copper and zinc projects
Base metal miner Noranda (NOR-T) plans to invest a total of $212 million in five capital projects in Quebec.The company’s copper operations will receive $142 million, while $70 million will be spent a…
THE DIAMOND PAGE — Gerle pulls stones from Doyle Lake
At the Doyle Lake project in the Northwest Territories, Gerle Gold (GGL-V) has recovered 67 microdiamonds.The announcement follows preliminary analysis of a composite 125.2-kg kimberlite sample taken …
STOCK MARKET — Base metals rise as golds struggle
With the exception of the gold stocks, the Toronto Stock Exchange advanced over the report period Oct. 23-29 with most sectors showing strength. The TSE 300 composite index finished the period 32.09 p…
ODDS’N’SODS — The nose knows
In the summer of 1961, a mining company hired me, a summer geology student, to assist Bill Mundle in mapping a property that had recently been optioned from a local prospector and his partners.The pro…
MOST ACTIVE ISSUES, Oct. 23-29
ExchgVol(000s)CloseBRE-X MnrlsT1220523.65Bema GoldT…
Production levels rise for gold, most base metals
Canadian production of gold, nickel, refined copper and lead in August 1996 rose above levels recorded in the same period last year, whereas output of silver, primary copper and iron were down.Product…
THE DIAMOND PAGE — Redaurum pulls the plug on River Ranch mine
Toronto-based Redaurum (RRK-T) will cease funding the unprofitable River Ranch diamond mine in Zimbabwe.Redaurum subsidiary Cornerstone Investments owns half the project in a joint venture with Auridi…