Ashanti Goldfields CEO to speak at CIM luncheon
Ashanti Goldfield’s 10 years of growth will be discussed by Chief Executive Officer S.E. Jonah at this month’s meeting of the Canadian Institute of Mining, Metallurgy and Petroleum, in Toronto. Topics…
1996
Decimal trading set to start in April
Canadian stock exchanges will begin decimal trading on April 15, in a move designed to increase liquidity on the market. All five exchanges are making the change on the same date.Shares priced above $…
Minera Rayrock works Latin American projects
Toronto-listed Minera Rayrock is developing four of its key copper and gold projects in Latin America.At the Ivan mine in northern Chile, copper production averaged 102% of design capacity during the …
Metal Prices — FREE MARKET (January 29, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateJan. 23 Jan. 22 Jan. 19 Jan. 18Jan. 17Copper2574-2579 2519-2524 2555-2560 2602-26072591-2596Lead722.5-723.5 710.50-711.5 717-718 7…
Metals Commentary — Global perspective on copper points to bearish market
The past few years have been good ones for copper producers. Prices have remained relatively robust, even as new, large operations began coming on-stream in Chile and elsewhere.The copper price averag…
Placer Dome drills near Detour Lake
Drilling west of its Detour Lake mine in northeastern Ontario, Placer Dome (TSE) has intersected substantial widths of low-grade gold mineralization at its Fault Lake property.Placer Dome is earning a…
Royal Oak optimistic over Arizona project
Royal Oak Mines (TSE) is encouraged by drill results from its Copperstone gold project in western Arizona.The company has calculated a drill-indicated mineral resource of 420,000 oz. gold.The drilling…
Int’l TME active in Guiana Shield
The first phase of soil geochemical sampling has been completed on the Barama gold project in Guyana, where Texas-based explorer International TME Resources (VSE) is earning a half interest.Sampling f…
Plata drilling hits zinc mineralization
Reverse-circulation drilling at the Helvecia property in northwestern Argentina has intersected deep mineralization on the downdip extension of known zinc-lead-silver showings.Plata Mining (ASE) had e…
Environmental upgrades top Southern Peru Copper’s priorities
At a cost of US$103 million, Southern Peru Copper (SPCC) has modified its copper smelter in Ilo, Peru.In addition to constructing a sulphuric acid plant, the company installed a new furnace.The furnac…
Companies (January 29, 1996)
INDEXAdrian Res.African MinAfrican Min.AfriOreAkrokeri-AshntiAllNorth Res.Altai ResourcesAmCan MiningAnglo AmericanAnglovaalAntares M’gArizona StarAshanti GldfldsAthabaska GoldAtna Res….
TVX options Triton’s project
Vancouver-based Triton Mining (TSE) will enter a joint-venture option agreement with TVX Gold (TSE) to develop the junior’s India gold project in Nicaragua.The India project, which lies 50 km east of …