News


Meetings (February 26, 1996)

MEETINGSMarch 5, Braiden March 5, Canadian Reserve Gold March 6, Rhino March 7, Chargold March 7, Latin American Gold March 8, Copper Dome March 8, Jilbey March 8, Kookaburra March 8, Golden Hill Marc…


GOLD FUNDS (February 26, 1996)

Gold Funds as of Febuary 15, 1996BGRCentralNet Value$22.20$7.11Price$18.38$6.750Discount17.22%5.1%Value$173,542,000$122,170,275…


Black Hawk and Granduc Mining sign merger deal

Black Hawk Mining (TSE) and Granduc Mining (TSE) will merge under an agreement that will also clear a large debt from the latter’s books.Each Granduc share can be traded for one share in the merged co…


Quebec benefits from higher metal prices, investment

The Canadian economy may have stumbled in the first half 1995, but Quebec’s mining industry experienced encouraging year-end results nonetheless.High interest rates at the beginning of the year, the s…


COMMENTARY — Lac de Gras and the environment

Land and self-government agreements with natives in the central Arctic should be made before diamond mining begins there, urges the Canadian Arctic Resource Committee (CARC).CARC made its recommendati…


Skarn zone outlined at Rock Creek

Drilling on the Rock Creek joint venture in southern British Columbia is outlining a zone of skarn mineralization.Phoenix Gold Resources (VSE) and Orion International Minerals (VSE) jointly hold a 51%…


Producer prices (February 26, 1996)

ALUMINUM: MW U.S. market US74.5 cents-75.5 cents per lb. (Feb. 9, 1996).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.05-4.30 per lb. (Feb. 2, 1995)…


Antares buys share in Rappa Holdings

Canadian junior Antares Mining & Exploration (TSE) has agreed to buy a 50% equity interest in Rappa Holdings, a South African-based gold producer.Antares will pay $5 million for the interest in Rappa,…


Battle Mountain reports record gold output

A strong fourth quarter and record gold production led Battle Mountain Gold (NYSE) to post net income for 1995.After quarterly dividends, Battle Mountain earned US$512,000 (or 1 cents per share) durin…




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