NEWS IN BRIEF (April 15, 1996)
Remington Creek Resources (RCR:VSE) has changed its name to Grayd Resource (GYD:VSE) on a 1-new-for-3-old-share basis.
News
Granges arranges private placement
A recent agreement with several underwriters is expected to add funds to the treasury of Toronto-listed, intermediate gold producer Granges.The private placement agreement is for 7.7 special warrants …
CICS closes sale of Cameco
Crown Investments Corporation of Saskatchewan (CICS) has, by way of a secondary offering, completed the sale of 9.5 million shares of Saskatoon-based uranium producer Cameco (TSE).The public now holds…
Index (April 15, 1996)
CareersClassified AdvertisingDiamond PageDividendsDrillersEditorialsInsider TradingMetal PricesNew HorizonsObituaryOdds ‘n’ SodsPeopleProfessional DirectoryStock MarketsSubscriber Service…
GOLD FUNDS (April 15, 1996)
Gold Funds as of April 4, 1996 BGR CentralNet Value $23.88 $6.78Price $18.25 $7.000Discount 23.58% 3.2%Value $183,203,000 $126,695,100…
EDITORIAL — Our mining heritage: an industry in itself
Some of the most popular tourist destinations in rural Canada are former mine sites. Barkerville, a small British Columbia town which keeps alive the spirit and color of the historic Cariboo gold rush…
PEOPLE (April 15, 1996)
AMAX GOLD — Scott Shellhaas appointed president and chief operating officer.CONS. NRD RES. — Brent Fidler and Derek Keating appointed directors.CORDAL RES. — Bernie Brauer appointed director; Rober…
Kenrich prepares to drill Corey property
A $1.4-million drilling and exploration program is set to begin on the Corey property in northwestern British Columbia.Kenrich Mining (VSE), which owns the 83,000-acre property, will drill 40 holes in…
THE DIAMOND PAGE — De Beers to prospect in Angola
Following the conclusion of negotiations with the government of Angola and the country’s state-owned diamond company, Endiama, De Beers has been awarded diamond prospecting rights to three areas.De Be…
THE DIAMOND PAGE — Ashton discovers new kimberlite at Cross
Spring drilling at the Cross property in the Northwest Territories’ Slave province has encountered kimberlite.Ashton Mining of Canada (TSE) made the find while drilling the second hole at the Orion in…
Spot prices at a glance (April 15, 1996)
Wednesday, April 10, 1996Week’sPrice (US)ChangeGold*$394.55+$0.75Silver*$ 5.46-$0.05Platinum*$406.00+$0.75Nickel**$ 3.60-$0.04Lead**$ 0.38+0.02Copper $ 1.13$0.00Zinca$ 0.48+…
Gibraltar nets labor contract at B.C.’s McLeese Lake Mine
An agreement with the union at the McLeese Lake mine in central British Columbia provides mine owner Gibraltar Mines (TSE) with a new 3-year labour contract.The agreement was ratified by a 72% majorit…