CIM honors mining industry’s best
The achievements of Canada’s mining community were recognized at an awards dinner held by the Canadian Institute of Mining, Metallurgy & Petroleum (CIM) at its annual meeting in Edmonton, Alta.* The B…
News
FACTS & FIGURES — Canadian gold reserves are on the rise
Levels of Canadian reserves of gold were up significantly in December 1994, compared with revised figures for 1993. Given the production decisions announced during 1995 and those expected in 1996, the…
Ashton to process Orion material
A total of 1.3 tonnes of drill core was recovered by Ashton Mining of Canada (TSE) from the Orion kimberlite at the Cross property in the Northwest Territories.The material will undergo separate micro…
TORONTO STOCK EXCHANGE INDICES (May 13, 1996)
1996 May 7May 6May 3May 2May 1HighLowComposite”300″5167.075140.145124.525117.195151.135167.073983.34Metals&Minerals5572.605571.325516.325471.975496.455575.893273.56Integrated Min…
Spot prices at a glance (May 13, 1996)
Wednesday, May 8, 1996Week’s Price (US)ChangeGold*$393.65+$2.65Silver*$ 5.48+$0.15Platinum*$406.25+$5.75Nickel**$ 3.81+$0.25Lead**$ 0.39+0.02Copper$ 1.29+$0.08Zinc$ 0.48+$0…
Cathedral picks up Honduran ground
The gold-silver potential of the Lady property in south-central Honduras has attracted the attention of Cathedral Gold (TSE).The company acquired the property, subject to a 3% net smelter return royal…
STOCK MARKETS — Western markets flex muscles wider
The upward trend for Western markets continues as April proved to be another record-breaking month for the Vancouver Stock Exchange, with 867 million shares changing hands for a value of more than $1….
St. Genevieve in Mozambique
Already exploring for gold in two African countries, St. Genevieve Resources (TSE) has added Mozambique to its land holdings on that continent.The Montreal-based explorer has entered into a joint-vent…
VenCan finds gold at Cline-Edwards property
A first phase of drilling is complete at the Plowman property of VenCan Gold (ME). Situated 50 km northeast of Wawa, Ont., the property lies between the former-producing Cline and Edwards gold mines.T…
Earnings edge lower for Hemlo Gold
Higher spending on international projects resulted in a $1-million decline in first-quarter earnings for Hemlo Gold Mines’ (TSE).The gold miner earned $12.6 million (13 cents per share) for the quarte…
Companies (May 13, 1996)
INDEXAgnico-EagleAlberta EnergyAmercn BullionAsarcoAshtn Mg of CdaAtna ResourcesAvalon VenturesBand-Ore Res.Battle Mtn GoldBirim GoldfldsBroakwater DvlpCanmine Res.Cathedral GoldChampion BearClaimstak…
Lower earnings for Asarco in quarter
As a result of lower copper, molybdenum and zinc prices, New York-listed Asarco has reported lower earnings for the first quarter of 1996.The company earned US$35.7 million (or US84 cents per share) d…