Nebex steps up efforts in Albania
Seven copper-zinc-gold targets have been identified on one of two Albanian mining concessions recently obtained by Nebex Resources (ASE).President Brian Douglas says two immediate drill targets have b…
News
St. Andrew announces restructuring
Creditors and shareholders of St. Andrew Goldfields (TSE) have approved a restructuring which enables the company to issue shares as payment of unsecured liabilities.The company is now seeking final a…
Hecla buys kaolin mine in S. Carolina
Silver-producer Hecla Mining (NYSE) has bought a kaolin mine and processing facility from J.M. Huber, a private company.Situated in Langley, S.C., 15 miles from the company’s Aiken operation, the faci…
Gold Funds (June 19, 1995)
Gold Funds as of June 13BGRCentralNet Value$17.54$6.74Price$14.13$7.00Discount19.49%Premium3.9%Value$137,163,000$126,695,100…
NEWS IN BRIEF (June 19, 1995)
Manor Resources (MNO: ASE) has changed its name to American Manor (ANO:ASE) on a 1-new-for-10-old-share basis.
Metal Prices — FREE MARKET (June 19, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJune 13 June 12June 9June 8June 7Copper2904-2905 2920-29222914-29162888-28892867-2870Lead617-618 615-615.5 611-612 601-602 …
Diamond News Roundup — KWG, Spider find more kimberlites in northern Ontario
The number of diamondiferous kimberlites known to exist on the James Bay Lowlands property of KWG Resources (ME) and Spider Resources (ASE) is now five.Two kimberlites, referred to as Kyle No. 2 and N…
Viceroy stacks up profits
The Castle Mountain open-pit, heap-leach mine in California’s San Bernardino Cty. continues to pump out profits for 75% owner Viceroy Resources (TSE).The company earned $11.6 million, or 50 cents per …
STOCK MARKETS — TSE neutral as economy shows signs of a slowdown
Fears that the Canadian economy may be headed back into a recession kept eastern markets in check this week as the TSE 300 composite managed only a slight gain. Over the 5-day report period ended June…
PRODUCER PRICES (June 19, 1995)
ALUMINUM: MW U.S. market US84.5-85.5 cents per lb. (June 9, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995).CAD…
BDG loses its legal battle against Teck
A lawsuit launched by BDG Pacific Resources (VSE) against Teck (TSE) has been decided in favor of the latter.The junior, previously known as Bridger Resources, alleged that Teck had breached a contrac…
Komis gold deposit reinterpreted
At the Komis gold property in Saskachewan’s La Ronge belt, Waddy Lake Resources (TSE) has defined areas along strike and down-plunge that could contain additional minable reserves.Underground test min…