Correction (August 26, 1996)
In our coverage of United Keno Hill Mines (UKH-T) and its exploration of the Elsa properties in the Yukon (T.N.M., Aug. 19/96), we incorrectly reported that environmental and other permits had, for th…
News
TSE INDICES (August 26, 1996)
1996Aug 20Aug 19Aug 16Aug 15Aug 14HighLowComposit…
Spot prices at a glance (August 26, 1996)
Wednesday, August 21, 1996Price (US)Week’s ChangeGold*$387.45+ $0.35Silver*$ 5.21…
Drilling under way at Bear mining claims
A drill program will test the Bear mining claims in the Limonite Creek and Many Bear Creek regions of northern British Columbia.The drilling will test a portion of Hazelton Group volcanics believed to…
PRODUCER PRICES (August 26, 1996)
ALUMINIUM: LME settlements US$1,447.50 per tonne (Aug. 20, 1996), alloy US$1,264 per tonne (Aug. 15, 1996).ANTIMONY: Composite free market, US$2,750 per tonne (Aug. 20, 1996).BISMUTH: Composite free m…
Loma Hierro heads up Holmer’s portfolio
In Cuba, Holmer Gold Mines (HGM-A) is applying its exploration skills not to gold prospects, but to silver.The Loma Hierro silver deposit in Cuba is being pushed to a production decision by both Holme…
INSIDER TRADING — Arequipa directors bought and sold shares in July
Arequipa Resources (AQP-T) was among the mining companies listed as being involved in insider trading for the month of July, as reported by the Ontario Securities Commission.Bickerstaf Holdings, contr…
Patrician alliance with JCI ends
The “strategic alliance” of Patrician Gold Mines (PXX-A) and South African mining house JCI Ltd. has dissolved.As a result, the Canadian junior is required to repurchase 2 million of its own special w…
METAL PRICES — FREE MARKET (August 26, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateAug. 20Aug. 19Aug. 16Aug. 15Aug. 14…
Vulcan explores titanium showings in Labrador
Some long-forgotten titanium showings in central Labrador have caught the attention of Vulcan Minerals (VUL-A).At the Goose South project, 50 km southeast of Goose Bay, a geological crew from Vulcan h…
Barrick tops its own bid for Arequipa
In a bid valued at more than $1 billion, Barrick Gold (ABX-T) has at last made an offer Arequipa Resources (AQP-T) could not refuse.Under the terms of the bid, Arequipa shareholders can receive either…
Wheaton proceeds with work at Golden Bear
Although production from the Golden Bear mine in northwestern British Columbia was recently postponed, Wheaton River Minerals (WRM-T) and subsidiary North American Metals (NAM-V) are continuing defini…