1996


STOCK MARKETS — TSE bounces back after selloff

The Toronto Stock Exchange took a wild ride during the trading period ended Dec. 10, with a steep 2-day slide on Dec. 5 and 6 as stock markets around the world fell in response to speculation that U.S…


LME WAREHOUSE LEVELS (December 16, 1996)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.9/96 (change from previous week in brackets):Copper105,275(+11,800)Tin9,860(+340)Lead122,275(+800)Zinc521,500(-5,475)Al…


Chama shows bulk-tonnage potential

Rock samples from Corriente Resources’ (CTQ-T) Chama property in Peru have confirmed the continuity of gold mineralization between widely spaced outcrops.Areas exceeding 1 gram gold per tonne included…




New reserves tallied for Goldfields

It’s out with the old numbers and in with the new at the Goldfields project of Greater Lenora Resources (GEN-T).Situated in northern Saskatchewan, the gold project is now estimated to contain an in si…


Campbell forges ahead in Panama

With a positive feasibility study complete, Campbell Resources (CCH-T) is moving to develop its Cerro Quema gold deposit in southwestern Panama.The property hosts two epithermal gold deposits (La Pava…




TSE SHORT POSITIONS (December 16, 1996)

Short positions outstanding at November 29, 1996Larger individual positions included: Abacan Resource 14,500, down 91,700; Barrick Gold 12,001,996, up 2,399,078; Agnico-Eagle 545,385; Archer Resources…


Madsen Gold on fast track to re-enter production

After 20 years of inactivity, the Madsen gold mine in the Red Lake camp of northwestern Ontario is showing definite signs of life. The former producer, now wholly owned by Madsen Gold (MGF-T), is expe…


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