Nixon Forks pours its first gold in Alaska
Following summer construction at the Nixon Forks gold mine in Alaska, the mill circuit is up and running, flotation concentrates are being generated and the gravity circuit is producing its first gold…
News
Castle Mountain churns out profits
The Castle Mountain open-pit, heap-leach mine in San Bernardino Cty., Calif., continues to spin profits for 75% owner Viceroy Resources (TSE).Earnings for the six months ended Sept. 30 totaled $2.9 mi…
Band-Ore, First Western cut sulphides in Ungava
Drilling of geophysical anomalies discovered in airborne surveys at the OBC property of Band-Ore Resources (CDN) and First Western Minerals (VSE) has intersected disseminated to semi-massive sulphide …
Canmine locates new zone
A new zone of copper-cobalt mineralization has been discovered by Canmine Resources (ASE) on a northwestern Ontario property it holds under option from Falconbridge (TSE).The property, at Werner Lake,…
INVESTMENT COMMENTARY — Kemess acquisition viewed as attractive for Royal Oak
Two investment houses have rated Royal Oak Mines (TSE) as a “buy,” based on the company’s recent acquisitions and the settlement the company has reached with the government of British Columbia for com…
STOCK MARKET — Western markets also recover from referendum jitters
The narrow win by the “non” side in the Quebec referendum managed to reverse a slide in western markets, but the recovery was unsuccessful in making up all the lost ground over the report period ended…
Placer to start work
Diamond drilling is set to begin on the Goldboro property of Orex Exploration (ME) in Guysborough Cty, N.S. Option and joint-venture agreements between Orex and Placer Dome (TSE) are conditional on th…
MIM backs out of joint venture
MIM Holdings has informed Yamana Resources (TSE) that it is withdrawing from the entire Neuquen joint venture in Argentina. Drill results fell short of the former’s expectations.Yamana nevertheless re…
Canpotex to ship potash to China
The offshore sales agency for Saskatchewan potash producers, Canpotex, will supply up to 1 million tonnes of the substance to China. Canpotex receives nearly 58% of its potash from Potash Corp. of Sas…
CORRECTION (October 30, 1995)
Our Oct. 9 issue included an error regarding a Mantiba property deal for Mid-North Resources. Privately-owned Hudson Bay Mining & Smelting was incorrectly identified as being one of the vendors in the…
GREATEST VALUE TRADED (October 30, 1995)
BRE-X Mnrl A161891$593043+13 3/4Placer Dome T148734$31 5/83030 7/8-3/8Inco Ltd T121693$45 1/840 3/442 7/8-2 1/4Barrick Gold T113729$33 5/831 7/832 3/4-1/4Potash Corp T7596…
GOLD FUNDS (October 30, 1995)
Gold Funds as of October 19BGRCentralNet Value$17.38$6.51Price$13.38$6.375Discount23.02%2.1%Value$135,846,000$115,383,038…