Cominco exec freed in Peru
An employee of Cominco was among three Canadians held hostage, but subsequently released, by Peruvian rebels at the Japanese ambassador’s residence in Lima in late December.Kieran Metcalfe, 43, manger…
News
TORONTO STOCK EXCHANGE INDICES (January 06, 1997)
1996Dec 27Dec 26Dec 25Dec 24Dec 23HighLowComposit…
GOLD FUNDS (January 06, 1997)
Gold Funds as of December 27, 1996BGRCentralNet Value$22.06$6.17Price$17.00…
LME WAREHOUSE (January 06, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.23/96 (change from previous week in brackets):Aluminium945,800(+2,175)Copper121,400(+6,025)Lead118,625(-4,000)Nickel49,5…
FACTS `N’ FIGURES — Silver forecast rosy
World silver production will increase over the next four years in North and South America, as well as Australia. These increases will help bridge the gap between mine supply and silver demand, which h…
Goldcorp finds more gold at Red Lake mine
New drill results from Goldcorp’s (G-T) Red Lake operation have confirmed that a mineralized zone being explored at the mine’s deep levels extends eastward and down-plunge.Two drill holes testing a st…
Cons. Eurocan moves on Zairian feasibility study
Tenge Fungurume, a copper-cobalt project in Zaire, will undergo a $15-million feasibility study.The project is currently owned by Tenge Fungurume Mining, a Zairian company owned 45% by state-owned min…
Keylock signs in for Kazakstani mineral projects
Calgary-based Keylock Resources (KL-A) has signed a letter of intent to merge with Centramining, a Cyprus-based company with five exploration properties in Kazakstan.Under the terms of the deal, Keylo…
NEWS IN BRIEF (December 30, 1996)
Lumina Investments (LMI-V) has changed its name to Latitude Minerals (LTU-V) on a 1-new-for-5-old-share basis.
PEOPLE — NOBLE PEAK (December 30, 1996)
Arnold Tenney and Peter Bojtos elected directors.
PEOPLE — NEWMONT UZBEKISTAN
Ihor Kunasz appointed president.
Nonferrous production rates teeter during October
Canadian production rates of nonferrous metals revealed a mixed bag for October 1996.Production of refined copper, gold, silver and primary nickel was up over the same period last year.However, output…