Pan African eyes Ndori gold property in Kenya
An agreement between a private company and Pan African Resources (PARC-C) gives that company the option to acquire a 75% interest in the Ndori gold property in southwestern Kenya.Pan African recently …
News
Altai allies with Normandy Mining
Toronto-based junior Altai Resources (ATI-T) is forming an alliance with Australian major Normandy Mining (NPL-ASX).Under the agreement, Normandy will be issued 805,000 units of Altai Resources, equiv…
1996: A LOOK BACK — Inco, Barrick swallow juniors, line investors’ pockets
Huge mineral discoveries fueled a wave of mergers, takeovers and deals in the mining industry in 1996. The year’s biggest story was Inco’s (N-T) Aug.21 swallowing up of Diamond Fields Resources (DFR),…
1996: A LOOK BACK — 1996 a year metals traders would like to forget
Many a metal trader will have popped the cork on his New Year’s bubbly, confident that 1997 can hardly be worse than 1996. Precious metals nosedived, and the base metals went for a bumpy ride courtesy…
Russia owes pay to gold miners
The Russian government owes mining companies 1.5 trillion roubles for some of the gold they have shipped to the state in 1996.The industry sent about 100 tonnes of gold to refineries last year, report…
MOST ACTIVE ISSUES, Dec. 21-27
ExchgVol(000s)CloseBre-X MnrlsT260422.15Houston LakeA…
Spot prices at a glance (January 06, 1997)
Monday, December 30, 1996Price (US)Week’s ChangeGold*$369.60+ $0.40Silver*$ 4.88…
TSE SHORT POSITIONS (January 06, 1997)
Short positions outstanding at December 15, 1996Larger individual positions included: Barrick Gold 10,999,002, down 1,002,994; Agnico-Eagle 447,992, down 97,393; Archer Resources 299,100; Anvil Range …
METAL PRICES — FREE MARKET (January 06, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateDec. 27Dec. 24Dec. 23Dec. 20Alumin…
GREATEST VALUE TRADED, Dec. 21-27
ExchgValue($000s)HighLowCloseChangeBre-X MnrlsT57…
STOCK MARKETS — VSE juniors gain after holiday slump
The Vancouver Stock Exchange composite index was up slightly over a slow Christmas week to close at 1162.27, up 16.76 points from the previous week’s close of 1145.51. The resource index closed at 229…
New discoveries made in Sweden
Exploration activity has picked up steam in Sweden since Boliden announced the discovery of a gold deposit in the country early last year.The deposit, which is now reported to contain 8 tonnes of gold…