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…
1995
Conwest, Alberta Energy plan merger
Oil and gas explorer and producer Alberta Energy announced plans for a buyout of Conwest Exploration (TSE), under which the merged company would sell Conwest’s mining and hydroelectric interests.Alber…
PRODUCER PRICES (December 18, 1995)
ALUMINUM: MW U.S. market US78 cents-79 cents per lb. (Dec. 1, 1995).ANTIMONY: MW New York dealer US$2.20-2.40 per lb. (Nov. 24, 1995).BISMUTH: MW New York dealer US$4.00-4.30 per lb. (Nov. 24, 1995).C…
Corrections (December 18, 1995)
A report in our Dec. 11 issue listed an incorrect bulk-sample grade of 10.91 carats per tonne from AfriOre’s Kareevlei Wes diamond property. The correct grade is 10.91 carats per 100 tonnes.
CanGold teams with Kazakhstan Goldfields
Kazakhstan Goldfields, a private, Ontario-based corporation, has merged with Amalgamated CanGold (TSE).The deal, which takes effect Dec. 31, is subject to regulatory and shareholder approval.Through i…
Barrick to fund Anacoco gold projects
An agreement has been reached whereby shares of Chesbar Resources (ME) will be privately placed with Barrick Gold (TSE), and the proceeds used to fund exploration of Chesbar’s gold properties in easte…
Casmyn expands ground in Zimbabwe
Casmyn, which trades over the counter, has signed two option agreements for gold properties in south-central Zimbabwe.One of the deals was made with Zimbabwe-based Olympus Gold Mines, which owns a 690…
STOCK MARKETS — Atna, Nickelodeon bright spots in dim market
After entering the December month on an upswing, western markets edged downward over the report period ended Dec 12. The Vancouver Stock Exchange resource index slipped 5.44 points to close at 1,265.1…
Tyler hopes for Heart of gold
Two drills are working at the Weedy Lake property, northeast of La Ronge, Sask.Operator Tyler Resources (TSE) and Golden Rule Resources (TSE) have budgeted $572,000 for 5,545 metres of drilling.Previo…
Index (December 18, 1995)
DEPARTMENTSCareersClassified AdvertisingDiamond DrillersDiamond NewsDividendsEditorialsFacts & FiguresInsider TradingInvestment CommentaryMetal PricesObituaryOdds ‘n’ SodsPeopleProfessional DirectoryS…
Lysander nets gold at Brazil’s Passagem
It was first time lucky for Lysander Gold (VSE) when the junior intersected 2.39 metres grading 19.05 grams gold per tonne in its first drill hole on the Passagem property in Brazil.The drilling was a…
American Resource charges ahead at San Gregorio project in Uruguay
At its gold project in northern Uruguay, American Resource (NASDAQ) is drilling some 50 core holes in an attempt to expand and upgrade reserves.The work is focused on the San Gregorio property, which …