COMMENTARY — Activity in Alaska heats up
Alaskan exploration expenditures in 1994 were reported as US$31.1 million, up slightly from US$30.3 million in 1993. Although more exploration expenditures were reported in the southeastern region of …
Placer Dome Inc
INSIDER TRADING — Cornucopia execs exercise options
Since December 1995, several senior officers of Cornucopia Resources (TSE) exercised options and acquired shares, which were later sold.According to the Ontario Securities Commission’s OSC Bulletin, D…
Index (March 11, 1996)
Aber ResourcesAdrian Res.Altai Res.Archangel DmndArchon Min.Arequipa Res.Armada GoldAshanti GldfldsAthabaska GldAtlasAtna Res.Auckland Expl.Bakyrchik GoldBarrick GoldBarrick Res.Battle Mtn GoldBlack H…
Royal Gold, High Desert form Crescent Valley JV
Another joint venture in the Crescent Valley of central Nevada is getting ready to explore for gold. Royal Gold (NASDAQ) and High Desert Mineral Resources (VSE) have formed a company, Royal High Deser…
Placer Dome options Sterling
The U.S. subsidiary of Placer Dome (TSE) has signed a property agreement with Cathedral Gold (TSE) and Imperial Metals (TSE), owners of 90% and 10%, respectively, of the Sterling mine in Nevada.The ag…
STOCK MARKETS — Bulls and bears blunder blindly on TSE
The Toronto Stock Exchange rose fractionally between Feb. 28 and March 5, closing at 4,995.94, up 41.67 points (or 0.8%) on the week. Trading volume picked up slightly on the week, but, in general, th…
STOCK MARKETS — TSE 300 quiet as metal prices fall
The Toronto Stock Exchange had a relatively quiet week, with low to moderate trading volumes and little movement in the indices. The TSE 300 composite index fell 9.53 points over the period Feb. 21-27…
STOCK MARKETS — Drop in interest rate causes late TSE rally
The Toronto Stock Exchange suffered heavy losses during the report period ended Dec. 19, but a drop in interest rates spurred a 40-point rally on the last day, which left the TSE 300 composite index a…
Atlas, Phoenix deal
From a group of individual investors, Atlas (NYSE) has purchased 51% of the outstanding shares of Phoenix Financial Holdings (CDN).In return for US$1.3 million, it acquired 12.2 million shares, and co…
NEWS IN BRIEF (December 18, 1995)
Agincourt Explorations (AGX:VSE) has changed its name to AGX Resources (AXS:VSE).
Partners gain North Shore ground
Partners First Western Minerals (VSE) and Virginia Gold Mines (ME) have acquired three nickel-copper prospects northeast of Sept-Iles, Que.The properties, which occupy 23 sq. km, are near Magpie Lake,…
Production on the rise for Placer
Gold output for Placer Dome (TSE) is expected to reach 2 million oz. in 1996, up from a projected 1.8 million oz. in 1995.The company expects its cash cost of production to average US$220 per oz. in 1…