Spot prices at a glance (February 05, 1996)
Wednesday, January 31, 1996Week’s Price (US) ChangeGold*$403.20+$0.20Silver*$ 5.52-$0.02Platinum*$418.25-$3.25Nickel**$ 3.84+$0.16Lead**$ 0.34+$0.01Copper $ 1.17+$0.02Zinca$ 0….
News
Cons. Brenzac busy in Indonesia
Consolidated Benzac Development (VSE) now has contracts of work (CoWs) covering more than 1,310 sq. km on the Indonesain island of Kalimantan.The company acquired two new CoWs covering the Bunut epith…
NEWS ROUNDUP — Coeur d’Alene gains stake in Orion
In a move to strengthen its position in Western Australia, Coeur d’Alene Mines (NYSE) has acquired a stake in Orion Resources. Only recently, that very stake in Orion was acquired by Homestake Mining …
Nebex Res. drills sulphide targets in Albania
Drill-testing of the copper-gold-zinc massive sulphide targets on Nebex Resources’ (ASE) Mirdita concession in Albania is under way.Previous drilling intersected a 3.3-metre interval averaging 3.7% co…
COMMENTARY — Environmental report championed
One month ago, Gordon Kirkby, member of Parliament for Prince Albert-Churchill River and chairman of the Standing Committee on Natural Resources, used this column to discuss the committee’s interim re…
DIAMOND NEWS — Radisson steps up diamond search in Central African Republic
To accelerate its search for diamonds in the Central African Republic, Radisson Mining Resources (ME) has acquired two diver-operated mining systems.The new equipment will be used to recover diamonds,…
Da Capo buys Capa Circa ground
A deal to buy the Bolivian company that owns the Capa Circa property in that country will give Da Capo Resources (VSE) full ownership of the gold project.Until now, Da Capo was able to earn an initial…
GREATEST VALUE TRADED, Jan. 24-30
Exchg Value($000s)HighLowCloseChange Barrick Gold T224594$41 1/239 5/840 5/8+ 1/4Placer Dome T157767$39 1/837 1/438 3/8+ 3/8Inco Ltd T113057$49 1/445 5/849 + 3TVX Gold Inc T…
Cyprus to explore Roxmark ground
Cyprus Canada, the Canadian unit of Cyprus Amax (NYSE), will carry out geophysical work and diamond drilling on properties held by Roxmark Mines (TSE) near Geraldton, Ont.Cyprus is earning a 60% inter…
Goldcorp to triple production at its Red Lake gold operation
With development drilling indicating substantial new reserves, Goldcorp (TSE) will increase annual production at its mine in Red Lake, Ont., to 150,000 from 50,000 oz.Kilborn Engineering Pacific estim…
Amax Gold posts loss for past year
Declining operating costs were not sufficient to stave off a year-end loss for Amax Gold (NYSE).The company recorded a net loss of US$23.9 million (or 36 cents per share) in 1995, which is nevertheles…
Trade deals take shape between Ontario and firms in Indonesia
Several members of the Team Canada trade mission to Asia recently negotiated investment deals in Indonesia that will affect Ontario’s mining and exploration industry.The signings, which include memora…