PRODUCER PRICES (November 20, 1995)
ALUMINUM: MW U.S. market US77.25 cents-78.25 cents per lb. (Nov. 3, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$4.00-4.20 per lb. (Oct. 13, 1…
1995
Sunshine Mining moves to prop up its common stock
Silver producer Sunshine Mining & Refining (NYSE) plans to do away with its preferred stock and merge with a subsidiary in an effort to bolster the stock price.The company reached an agreement with th…
Partners focus on Rainy River
Two companies with substantial land positions in the Rainy River area of northwestern Ontario have signed an agreement that will see each hold a 4.9% working interest in the other’s properties.Nuinsco…
GREATEST VALUE TRADED (November 20, 1995)
Sherritt T173569$20 1/81819 7/8+1 7/8Inco Ltd T113437$47 5/845 5/847+3/8Barrick Gold T112343$35 1/833 1/233 1/2-3/8Placer Dome T101288$33 1/231 5/831 3/4-3/4Kinross Gld T…
Inmet triples its net earnings
Four factors — higher metal prices; increased production at Norddeutsche Affinerie; the acquisition of the WBH tungsten powder operation; and the initiation of operations at two base metal mines — h…
Magma options Cuatro Hermanos
Advancing exploration at the Cuatro Hermanos property, 150 km east of Hermosillo, Mexico, will be the business of Magma Copper (NYSE), following the signing of an option agreement with property owner …
Band-Ore options Timmins property of Holmer
A land position immediately west of Timmins, Ont., is being amassed by Band-Ore Resources (CDN), which has taken an option on the Bristol Twp. property of Holmer Gold Mines (ASE).Under the agreement, …
TVI cuts more sulphides at Rapu Rapu
Earlier exploration efforts are beginning to pan out for TVI Pacific (TSE) at the Rapu Rapu property in the Philippines.Recent drilling has intersected possible extensions of the Ungay-Malabago copper…
Imperial returns to Giant Copper project
Predevelopment work has resumed at the Giant Copper project, 40 km southeast of Hope, B.C.Property owner Imperial Metals (TSE) recently completed 4,559 ft. of drilling in eight holes as part of a 2-ph…
Golden Queen re-affirms faith in Soledad Mountain
Junior Golden Queen Mining (TSE) has taken its Soledad Mountain project off the selling block and intends to develop the project as expeditiously as possible.The open-pit, heap-leach project, situated…
ODDS’N’SODS — Zen and the art of bushpiloting
Late one autumn, while flying a missionary seaplane southward along the coastal mountains of British Columbia, I saw something that bush pilots rarely see.I overtook two hummingbirds, apparently flyin…
GOLD FUNDS (November 20, 1995)
Gold Funds as of November 9, 1995BGRCentralNet Value$17.15$6.62Price$13.75$6.375Discount19.81%3.7%Value$134,065,000$115,383,038…