Spot prices at a glance (December 30, 1996)
Friday, December 20, 1996Price (US)Week’s ChangeGold*$369.20+ $0.20Silver*$ 4.88…
News
GREATEST VALUE TRADED, Dec. 13-19
ExchgValue($000s)HighLowCloseChangeBre-X MnrlsT36…
TORONTO STOCK EXCHANGE INDICES (December 30, 1996)
1996Dec 24Dec 23Dec 20Dec 19Dec 18HighLowComposit…
GOLD FUNDS (December 30, 1996)
Gold Funds as of December 19, 1996BGRCentralNet Value$22.06$6.17Price$17.00…
International Precious Metals takes another crack at Black Rock
A “breakthrough in assaying” has encouraged International Precious Metals (IPMC-C) to begin another pilot plant test program at its Black Rock Extended project in Arizona.An earlier metallurgical test…
Nelson Gold puts Jilau mine back on-stream
London-based Nelson Gold (NLG-T) has resumed operations at the Jilau open-pit mine in Tajikistan.The company recently made its first gold sale, exporting and selling 12,700 oz. of gold bullion from th…
PEOPLE — FALCONBRIDGE (December 30, 1996)
Oyvind Hushovd appointed president, chief executive officer and director.
PEOPLE — CALLIOPE METALS (December 30, 1996)
Gavin Becker appointed president and chief executive officer.
EDITORIAL PAGE — A banner year
The takeover of Diamond Fields Resources by Inco, the acquisition of Arequipa Resources by Barrick Gold, the green light for diamond mining in Canada’s North, and the blossoming of the Busang gold dep…
Teck advances Canabrava
At the Canabrava joint venture in Brazil’s Minas Gerais state, Teck (TEK-T) will continue with exploration drilling through 1997.The company holds an option to earn an initial 60% interest from Canabr…
PRODUCER PRICES (December 30, 1996)
ALUMINIUM: LME settlements US$1,489 per tonne, alloy $1,349 per tonne (Dec.17/96).ANTIMONY: Composite free market, US$2,075 per tonne (Dec. 16/96).BISMUTH: Composite free market US$3.20 per lb. (Dec. …
PEOPLE — INT’L CALNEVA GOLD (December 30, 1996)
Angus Taylor appointed director.