Greenstone adopts rights protection plan
The board of directors at Greenstone Resources (TSE) has adopted a shareholders’ rights plan to encourage what it refers to as the fair treatment of its shareholders in connection with any takeover of…
News
ODDS’N’SODS — Dog days in Red Lake
Charles Henrick was one of the first men to arrive at Red Lake in northwestern Ontario during the gold rush of 1926, though not for the reasons, nor in the way, one might imagine.He was living in Engl…
COMMENTARY — Harcourt was a mixed blessing
Word of Michael Harcourt’s resignation as premier of British Columbia has generated some mixed feelings within the province’s mining community.It was Harcourt’s New Democratic Party (NDP) government t…
Producer prices (February 19, 1996)
ALUMINUM: MW U.S. market US72.5 cents-74.5 cents per lb. (Feb. 2, 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)…
Knuckey to speak at joint meeting
The president and chief executive officer of Noranda Mining & Exploration will discuss his company’s projects at a joint meeting, on March 13, of the Canadian Institute of Mining, Metallurgy & Petrole…
GSC focuses on kimberlite search
The Geological Survey of Canada is publishing a series of studies on indicator mineral geochemistry and other aspects of geochemical prospecting for diamond-bearing kimberlites.Indicator minerals in g…
Toronto Stock Exchange Indices (February 19, 1996)
1996 Feb 13Feb 12Feb 9Feb 8Feb 7HighLowComposite”300″5045.315049.875037.935040.525026.505066.753983.34Metals&Minerals5240.855304.885319.735370.395362.735382.203273.56Integrated Mi…
Canyon gains partner in Ethiopia
Colorado-based Canyon Resources (NASDAQ) has entered a joint venture with JCI Limited, a South African company, to finance exploration in Ethiopia.JCI can earn 51% in the project by contributing US$4….
TSE Short Positions (February 19, 1996)
Short positions outstanding at January 31, 1996Larger individual positions included: Barrick Gold 7,560,893; Agnico-Eagle 127,743; Arequipa 103,941; Anvil Range 239,500; Bema Gold 1,519,600; Caledonia…
STOCK MARKETS — Gold stocks lose lustre as western markets sag
Gold reversed its direction over the report period ended Feb. 13, taking a bit of the shine off of western markets as it settled in at US$403 per oz. The Vancouver Stock Exchange resource index fell 9…
Int’l Pursuit spins off Indonesian properties
Toronto-based International Pursuit (TSE) and its Indonesian partner will develop properties held by the latter in Kalimantan, Sumatra and Java.A proposed agreement calls for at least eight projects t…
Companies (February 19, 1996)
INDEXAlmaden Res.Argosy MiningAthabaska GoldBarrick GoldBlack Hawk M’gBoron ChemicalsBreakwater Res.Cabo Expl. VtrsCabo VenturesCactus WestCanyon Res.Clear Creek M’gCorner Bay Min.Cornuco…