Index (December 04, 1995)
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1995
East West buys Red Lake property
East West Resources (VSE) has acquired a property in Heyson Twp., Ont., and staked adjacent ground to control a land package of about 17 sq. km.The properties have gold showings in several veins, whic…
Sherritt proposes rights offering
Terms of a rights offering, resulting from the restructuring of Sherritt (TSE) into two independent public companies, have been proposed.The company has declared a dividend, in the form of transferabl…
Stratabound uncovers more at Taylor Brook
A second phase of drilling has expanded the Taylor Brook polymetallic deposit, 40 km southwest of Bathurst, N.B.Owner Stratabound Minerals (ASE) reports that the 9-hole program has extended the strike…
Radisson funds work at O’Brien
Quebec-based Radisson Mining Resources (ME) has made a public offering of flow-through shares in order to raise $1.8 million. The proceeds will be used to develop the past-producing O’Brien mine near …
Anvil ahead of schedule at Faro
The Faro mine of Anvil Range Mining (TSE) produced 74,000 tonnes of lead and zinc concentrates in its first two months of operation. Anvil had not planned to be producing concentrate before November, …
Metal Prices — FREE MARKET (December 04, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateNov.28 Nov.27Nov.24 Nov.23 Nov.22Copper2987-2989 2985-29882985-29902964-29692985-2988Lead752.5-754.5 761.5-76.5 765-767 745.5-74…
Romarco slips through the door in Battle Mountain district
The land package currently held by Romarco Minerals (CDN) in the Battle Mountain-Eureka Trend was acquired at a time when numerous mining companies were fleeing the state over fears of drastic changes…
Drilling intersects `best results’ at Midas
Oftentimes, the most impressive drill results are obtained when a field season is winding down. Such is the case at the 24,400-acre Midas project, an equal joint-venture partnership held by Toronto-li…
Cambior to reopen Omai
Nine-month and quarterly revenues increased for Cambior (TSE), even though production was interrupted at the company’s Omai mine in Guyana. For the first nine months of 1995, revenues amounted to $284…
Odds ‘n’ Sods — Downhill miners
My mind often returns to Red Mountain in Rossland, B.C., site of the pro- vince’s mining school, perched at the top of the northern face of Red Mountain. There we were, training young miners-to-be in …
INSIDER TRADING — Officers of Echo Bay exercise options, trade stock
Four senior officers of Echo Bay Mines (TSE) exercised options and either bought or sold shares in the company in October.According to the Ontario Securities Commission’s OSC Bulletin, Jonathan Baker,…