PEOPLE — WEST AFRICA MINING EXPL-SEMAFO
Joel King appointed special consultant to the board.
1995
PEOPLE — ALTAI (December 18, 1995)
Ivan de Souza appointed chairman.
Brascan to sell control of Westmin
A proposed unit offering through an underwriting group will raise almost $70 million for Westmin Resources (TSE) and allow Brascan to sell its 35.9 million shares of the Vancouver-based mining and exp…
Metal Prices — FREE MARKET (December 18, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateDec. 12 Dec. 11Dec. 8 Dec. 7 Dec. 6Copper2955-2960 2994-29952965-29702978-29832970-2975Lead736-737 744-746740.5-742.5737.5-738…
Drills turning at Morgain’s Horwood
A surface gold showing, discovered in October, is being drill-tested at the Horwood Twp. property of Morgain Minerals (VSE).Meanwhile, geophysical surveys have resulted in the discovery of an anomaly …
Granges sets budget for 1996 exploration
Exploration spending by Granges (TSE) is expected to total US$6.1 million next year.The company plans to spend US$2.5 million in Nevada and US$1.3 million in South America. A further US$2.3 million wi…
Investment Commentary — Cash flow suggests Granges undervalued
With cash flowing steadily from its Crofoot-Lewis mine and exploration plans taking shape in Nevada and South America, Granges (TSE) is “seriously undervalued.”So argues David Williamson Associates, a…
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…