Western markets continued to trend downward over the report period ended July 16.The Vancouver Stock Exchange composite index fell 74.3 points to 1,101.43, while the resource index slid through the 2,…
The Toronto Stock Exchange went for a long slide for the report period ended July 16, losing 156.07 points, or 3.1% of value, and closing at 4,920.59. Volumes, which had been down at summer levels, ju…
ALUMINIUM: LME settlements US$1,420 per tonne, alloy US$1,215.50 per tonne (July 15, 1996).ANTIMONY: Composite free market, US$2,775 per tonne (July 15, 1996).BISMUTH: Composite free market US$3.50 pe…
Short positions outstanding at June 30, 1996Larger individual positions included: Agnico-Eagle 366,373; Arequipa 236,910, up 99,910; Anvil Range Mining 418,600, up 341,100; Aur Resources 120,000, down…
The workers at MSV Resources’ (MSV-T) two mines in Chibougamau, Que., have accepted the latest pay raise offer from the company.The offer includes a 25 cents-per-hour raise in the first year and raise…
The merger of Royalstar Resources (RYQ-V) with Attwood Gold (ATW-V) is being negotiated.John Young, Royalstar’s current president, will preside over the new company, which will retain the name Attwood…
Consolidated Nevada Goldfields (KNV-T) has signed a deal with Mexican miner Grupo Real del Monte that will lead to a six-fold increase in reserves for the American company.The companies are merging th…
Diamond drilling has begun at the Cameron Lake gold property, a joint venture between Nuinsco Resources (NWI-T) and Cambior (CBJ-T).The project lies 80 km southeast of Kenora, Ont. Reserves are estima…
Cominco (CLT-T) has acquired a 25.5% interest in the Peruvian company Inversiones Colquijirca, which holds a 51% interest in Sociedad Minera El Brocal.Minera El Brocal’s principal assets include the 2…
Although the last of the ore has been hauled from the last of Elliot Lake’s mines, the task of reclaiming and revitalizing this former one-industry town has just begun.Beginning in 1955, the mining in…
In 1993, Chile was the world’s largest producer of copper, with 22% of total world exports, as well as the world’s leading producer of potassium nitrate and sodium nitrate.Today, minerals account for …
Revenue from diamond sales by Redaurum (RRK-T) jumped 33% in the second quarter.For the three months ended June 30, Redaurum reaped revenues of $2.5 million, compared with just under $1.9 million in t…
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