STOCK MARKETS — TSE bounces back after selloff
The Toronto Stock Exchange took a wild ride during the trading period ended Dec. 10, with a steep 2-day slide on Dec. 5 and 6 as stock markets around the world fell in response to speculation that U.S…
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LME WAREHOUSE LEVELS (December 16, 1996)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.9/96 (change from previous week in brackets):Copper105,275(+11,800)Tin9,860(+340)Lead122,275(+800)Zinc521,500(-5,475)Al…
Chama shows bulk-tonnage potential
Rock samples from Corriente Resources’ (CTQ-T) Chama property in Peru have confirmed the continuity of gold mineralization between widely spaced outcrops.Areas exceeding 1 gram gold per tonne included…
TORONTO STOCK EXCHANGE INDICES (December 16, 1996)
1996Dec 10Dec 9Dec 6Dec 5Dec 4HighLowComposite”30…
Spot prices at a glance (December 16, 1996)
Wednesday, December 11, 1996Price (US)Week’s ChangeGold*$369.60- $0.80Silver*$ 4.8…
New reserves tallied for Goldfields
It’s out with the old numbers and in with the new at the Goldfields project of Greater Lenora Resources (GEN-T).Situated in northern Saskatchewan, the gold project is now estimated to contain an in si…
Campbell forges ahead in Panama
With a positive feasibility study complete, Campbell Resources (CCH-T) is moving to develop its Cerro Quema gold deposit in southwestern Panama.The property hosts two epithermal gold deposits (La Pava…
THE DIAMOND PAGE — More stones recovered from Crater of Diamonds
Almost half of a planned 10,000-tonne bulk sample from the Crater of Diamonds state park in Arkansas has been processed.Under the operatorship of the state department of Parks and Tourism, a bulk-samp…
Private-sector mine represents Quantum leap for Zambia
In Zambia, construction has begun on the country’s first private-sector copper mine in 25 years.The Bwana Mkubwa project, a former producer now owned by First Quantum Ventures (FQV-V), comprises 5,800…
TSE SHORT POSITIONS (December 16, 1996)
Short positions outstanding at November 29, 1996Larger individual positions included: Abacan Resource 14,500, down 91,700; Barrick Gold 12,001,996, up 2,399,078; Agnico-Eagle 545,385; Archer Resources…
Madsen Gold on fast track to re-enter production
After 20 years of inactivity, the Madsen gold mine in the Red Lake camp of northwestern Ontario is showing definite signs of life. The former producer, now wholly owned by Madsen Gold (MGF-T), is expe…
METAL PRICES — FREE MARKET (December 16, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateDec. 10Dec. 9Dec. 6Dec. 5Dec. 4…