Lago, RUX announce merger plans
Junior Lago Resources (LAGO-C) and RUX Resources, a private company owned 63% by William Resources (WLM-T), have agreed to merge.William will hold a 56% stake in the new company, which will have an in…
News
Spot prices at a glance (November 25, 1996)
Wednesday, November 20, 1996Price (US)Week’s ChangeGold*$378.60- $3.90Silver*$ 4.9…
Toronto Stock Exchange Indices (November 25, 1996)
1996Nov 19Nov 18Nov 15Nov 14Nov 13HighLowComposit…
Tri Origin expands Ontario holdings
Aurora-based Tri Origin Exploration (TOE-T) has added another property to its list of holdings in Ontario.Through staking and an option agreement, the company acquired a 1632-ha property consisting of…
Impasse continues at Zeravshan Gold joint venture
With the assistance of the International Finance Corp. (a division of the World Bank), Nelson Gold (NLG-T) is continuing negotiations with the government of Tajikistan in an attempt to resolve outstan…
Eaglecrest awaits Bolivian results
Eaglecrest Explorations (EEL-V) is awaiting results from seven diamond drill holes completed on its Trinidad concessions in northeastern Bolivia.The holes follow a 50-metre grid spacing. They are dril…
STOCK MARKETS — Base metal miners still tugging at leash
The Toronto Stock Exchange continued strong in the past week, helped along by the base metal sector. The TSE 300 composite index had four more record-closing levels in the 5-day report period ended No…
Geomaque Exploration builds on its Mexican assets
A modest-sized gold mine in Mexico’s Sonora state is churning out profits for Geomaque Explorations (GEO-T) and, at the same time, providing a base for expansion into new ventures.The San Francisco he…
Operations cease at Faro mine
Mining at the Faro properties in the Yukon has been suspended.Anvil Range Mining (ARO-T) cited production problems, low metal prices and a strengthening Canadian dollar as reasons for the closure. It …
Drills turning at Guadalupe
Drilling has resumed at the Guadalupe de los Reyes epithermal gold-silver project in the northern Mexican state of Sinaloa.Northern Crown Mines (COB-V) is carrying out a 20,000-metre program to develo…
PRODUCER PRICES (November 25, 1996)
ALUMINIUM: LME settlements US$1,413 per tonne (Nov. 19, 1996), alloy US$1,267 per tonne (Nov. 14, 1996).ANTIMONY: Composite free market, US$1,950 per tonne (Nov. 19, 1996).BISMUTH: Composite free mark…
Rea Gold writes down value of Mt. Hamilton gold mine in Nevada
Persistently poor operating results from the NES pits are forcing Rea Gold (REO-T) to write down the value of the Mt. Hamilton gold mine in Nevada.The company will take a third-quarter writedown of $2…