Spot prices at a glance (May 27, 1996)
Wednesday, May 22, 1996Week’s Price (US)ChangeGold*$391.00-$0.85.Silver*$ 5.29-$0.11.Platinum*$397.25-$5.00.Nickel**$ 3.51-$0.13.Lead**$ 0.380.00.Copper$ 1.11-$0.13.Zinc$ 0.4…
News
Dayton Mining posts first-quarter results
In its first three months of operation, the Andacollo open-pit, heap-leach mine in Chile produced 22,159 oz. gold at a cash cost of US$163 per oz. Owner Dayton Mining (TSE) recorded an income of $495,…
Beaufor pays off for Louvem Mines
Investment in the Beaufor gold mine near Val d’Or, Que., has paid off for Louvem Mines (TSE), which made a slight profit in the first quarter.The company earned $16,808 (nil per share) on revenue of $…
SOUTHEAST ASIA SPECIAL — Minorca and Indonesian partner to explore holdings
A 70% interest in 6% of production from a gold project appears to be slim pickings, but not when the deal involves the multi-million-ounce Busang gold deposit in East Kalimantan, Indonesia.Earlier thi…
ANNUAL REPORT REVIEW — NEWS ROUNDUP — Oroperu launches drill program
By mid-June, drills will be turning at the Minaspamba gold project in northern Peru, reports property owner Oroperu Resources (CDN).The program will explore a brecciated, mineralized zone exposed over…
SOUTHEAST ASIA SPECIAL — Hyder CoW gets government nod
Vancouver-listed Hyder Gold (VSE) has received government approval for a contract of work on the Tabulus property in Central Kalimantan, Indonesia,The junior will buy a 90% interest in the 46,600-hect…
SOUTHEAST ASIA SPECIAL — Asia Pacific Resources develops Thai potash project
Potash may not be as sexy as gold, but Asia Pacific Resources (TSE) has nevertheless seen its issue jump from a trading level of $3 per share at this time last year to a recent high of $11.The company…
THE DIAMOND PAGE — Kensington reaches deal to buy South African diamond mines
A wholly owned subsidiary of Diamond Fields Resources (TSE) will sell its Loxton Dal and Frank Smith diamond mines in South Africa toSaskatchewan-oriented diamond and nickel explorer Kensington Resour…
Etruscan expands Samira gold deposit in Niger
Diamond drilling on the Samira gold project in Niger has enabled Etruscan Enterprises (TSE) to trace the Samira sedimentary horizon over a strike length of 2.7 km.Geophysical surveys indicate that the…
Eden Roc reports profit from African gold mine
Annual earnings for Eden Roc Mineral (TSE) are finally in the black, following three years of unprofitable operations at its gold mine in Ivory Coast.For the year ended Dec. 31, Eden Roc earned $567,0…
METALS COMMENTARY — Demand for gold offsets hedging activity
Gold 1996, the latest annual survey of the gold market from Gold Fields Minerals Services, shows that the hedging of future mine production reached a record level in 1995. Even so, the report shows th…
Companies (May 27, 1996)
INDEXAber ResourcesAcabit Expl.Adex MiningAdola GoldAfriOreAltai ResourcesAnglo AmericanArequipa Res.AsarcoAshanti GldfldsAshtn Mg of CdaAshton MiningAsia PacificAurizon MinesBaja GoldBand Ore Res.Ba…