PRODUCER PRICES (July 01, 1996)
ALUMINIUM: LME settlement US$1,478 per tonne (June 25, 1996).ANTIMONY: Composite free market, US$2,925 per tonne (June 24, 1996).BISMUTH: Composite free market US$3.56 per lb. (June 14, 1996).CADMIUM:…
News
METAL PRICES — FREE MARKET (July 01, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateJune 25June 24June 21June 20June 19…
Clone drilling now under way
Partners Teuton Resources (TUO-V) and Minvita Enterprises (MVE-V) have begun a 5,000-metre diamond drilling program at their Clone property in northwestern British Columbia.The program will test high-…
FMC Gold to break away from parent
FMC Gold (FGL-N) has been examining ways to separate itself from its parent company FMC Corp.FMC Gold’s board of directors approved a plan for re-incorporation, which would include a merger with an ex…
Southwestern, Teck sign Peruvian joint-venture deal
A joint-venture agreement covering 54 exploration concessions in the Rosario-Pichicane mineral belt in southern Peru has been signed by Southwestern Gold (SWG-T), Teck (TEK-T) and Cedimin.Southwest an…
Laguna Gold gains Rio Chiquito
Laguna Gold, a wholly owned subsidiary of Mallon Resources (MLRC-Q), has raised to 100% its interest in the Rio Chiquito gold property in north-central Costa Rica.The acquisition is the result of a me…
Sigma struggles for profitability
The workforce at the Sigma gold mine in Val d’Or, Que., will be reduced by about 100 employees in early July.Operator Placer Dome (PDG-T), which currently has 325 employees on site, says the reduction…
Fairfield in hands of Almaden management
Management of Fairfield Minerals (FFD-T) is now in the hands of Almaden Resources (AMH-V).Fairfield has been searching for a group to take over management of the company ever since John Stollery resig…
GOLD FUNDS (July 01, 1996)
Gold Funds as of June 20, 1996BGRCentralNet Value$24.63$6.51Price$18.70$6…
TSE SHORTS (July 01, 1996)
Short positions outstanding at June 15, 1996Larger individual positions included: Barrick Gold 8,936,790; Agnico-Eagle 399,194; Arequipa 137,000 Aur Resources 149,300; Bema Gold 4,276,777; Caledonia M…
Tri Origin starts financing plans for Lewis Ponds
Financing of the development of the Lewis Ponds deposit will be raised in Australia by way of a $16.4 million (Canadian) public offering of Tri Origin Australia, a wholly owned unit of Tri Origin Expl…
Drilling probes Blackdome mine
A minimum 5,000-ft. diamond drilling program is under way at the Blackdome gold mine in southwestern British Columbia.Petro Plus (PPV-A) can earn a half interest in the former underground producer fro…