GOLD FUNDS (May 13, 1996)
Gold Funds as of May 2, 1996BGRCentralNet Value$25.39$6.70Price$19.65$6.700Discount22.60%0.0%Value$198,484,000$121,265,310…
News
Summitville pleads guilty to charges
Facing 40 charges arising from environmental damage at its Colorado gold mine, Summitville Consolidated Mining has entered a guilty plea and been assessed US$20 million in fines in United States feder…
GREATEST VALUE TRADED, May 1-7
Exchg Value($000s)HighLowCloseChangeBarrick Gold T184077$43 3/840 1/243 1/4+1 1/2Placer Dome T158922$4037 3/839 7/8+2Inco Ltd T133491$47 3/845 1/247+1BRE-X Mnrls T132546$21…
STOCK MARKETS — Golds lead TSE as base metals rise
A rally by the golds enabled the Toronto Stock Exchange to improve over the period ended May 7. Nonetheless, the TSE 300 composite finished at another record high of 5,167.07 after having dipped sligh…
Results encouraging at Francoeur mine
Reserves are increasing at the Francoeur gold mine near Rouyn-Noranda, Que., as Richmont Mines (TSE) finds more ore-grade mineralization along the Francoeur-Wasa shear zone.The underground program inv…
Royal Oak to own Cons. Professor
Royal Oak Mines (TSE), having received more than 90% of the shares of Consolidated Professor Mines (TSE) under its 80 cents per share takeover offer, has announced it will acquire the remaining shares…
Canadian Mining Hall of Fame is accepting nominations
The Canadian Mining Hall of Fame has announced it is accepting nominations for new inductees, who will be formally honored in early 1997.Nominations of persons who have made an outstanding contributio…
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…
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…