Spot prices at a glance (December 23, 1996)
Wednesday, December 18, 1996Price (US)Week’s ChangeGold*$369.00- $0.60Silver*$ 4.8…
News
TSE INDICES (December 23, 1996)
1996Dec 17Dec 16Dec 13Dec 12Dec 11HighLowComposit…
Radisson Mining withdraws from Eastmain mine
Radisson Mining Resources (RDS-M) will not exercise its option on MSV Resources’ (MSV-M) Eastmain gold mine. Radisson could have earned a half interest by investing $8 million in reopening the mine, s…
Goldbrook, Shane explore prospect
Juniors Goldbrook Explorations (GDK-A) and Shane Resources (SEI-V) have jointly optioned the Pipeline gold prospect just southwest of Beardmore, Ont.A program of geophysical surveys and stripping is u…
THE DIAMOND PAGE — AK partners seek further valuations of diamonds from 5034 kimberlite
Diamonds recovered from the 5034 kimberlite at the AK property in the Northwest Territories will be sent to Belgium for further evaluation.The AK-CJ properties are 130 km south of the Lac de Gras regi…
Dakota finds more gold in South Dakota
A drilling program by Dakota Mining (DAK-T) is expanding the Anchor Hill gold deposit at the Gilt Edge property in South Dakota.The company says the program also led to the discovery of significant mi…
Teck acquires JV in Chile
Vancouver-based Teck (TEK-T) has acquired a 60% interest in the Lobo and Marte gold properties in Chile’s Maricunga district.The agreement is between Teck, which is acting through wholly owned subsidi…
Stroud gets set to go underground at Hislop
Junior Stroud Resources (SDR-T) is seeking funds to develop its Hislop gold project near Matheson, Ont., while, at the same time, putting the finishing touches on a joint venture in Indonesia.The juni…
Normabec eyes Mina Eureka
Junior Normabec Mining Resources (NMB-M) plans to acquire the Mina Eureka gold property in Jujuy province, Argentina.For its interest in the 14,000-ha property, Normabec must spend US$2 million in exp…
PRODUCER PRICES (December 23, 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. …
Laramide bids to take over Aquiline
With an eye on two promising Mexican properties, Laramide Resources (LAM-T) has launched a $5.3-million takeover bid for all outstanding shares of Aquiline Resources (AQI-V).Laramide already holds a 3…
Laminco and Placer Dome form joint venture in Mexico
A joint venture has been formed allowing the Mexican subsidiary of Placer Dome (PDG-T) to buy a majority interest in a portion of the San Antonio project, held by Laminco Resources (LMR-T).Empresa Min…