St. Genevieve finances projects
A recently completed equity financing is expected to generate gross proceeds of $25 million for St. Genevieve Resources (SGV-M). The net proceeds will be released once the company meets certain regula…
News
Brooks eyes core from Argentina
Three holes of a 6-hole drill program at Brooks Resources’ (BRC-V) Campana Mahuida property in Argentina have been completed to a depth of 200 metres.Operator Northern Orion Explorations (NNO-T) is ca…
EDITORIAL PAGE — The Great Wall is falling
The other “Great Wall” of China, by which is meant the half-century-old barriers to foreign investment, appears to be crumbling.In its latest 5-year plan, the Beijing government has outlined plans to …
Results add lustre to Butte Highlands
Toronto-listed Orvana Minerals (ORV-T) is heartened by results from the first five holes testing high-grade continuity and other portions of the Butte Highlands gold property in Montana.Holes 96-1 and…
Newmont teams with High Desert partners
Newmont Gold (NGC-N) will exercise its back-in option on a joint venture between High Desert Mineral Resources (HDR-V) and Barrick Gold (ABX-N).The subject of the joint venture is the High Desert prop…
Tiomin Res. uncovers titanium-zircon at prospecting licence on coast of Kenya
Junior Tiomin Resources (TIO-T) has discovered a large titanium-zirconium resource at its prospecting licences on the coast of Kenya.The company identified a resource of more than 650 million tonnes o…
PRODUCER PRICES (October 07, 1996)
ALUMINIUM: LME settlements US$1,322.50 per tonne (Oct. 1, 1996), alloy US$1,215 per tonne (Sept. 26, 1996).ANTIMONY: Composite free market, US$2,400 per tonne (Oct. 1, 1996).BISMUTH: Composite free ma…
Juniors forge ahead with exploration in Kazakhstan
Several Canadian juniors have announced work programs and financing deals for properties in Kazakhstan.Among the companies active in the former Soviet territory is Kazakhstan Goldfields, a 50%-owned s…
STOCK MARKET — Mines left gasping as TSE sets records
The Toronto Stock Exchange composite index set four records in five trading days over the report period Sept. 18-24, to finish at 5299.66 points, up 31.18 points, or 0.6%, on the week.Trading volumes …
Gold Funds (September 30, 1996)
Gold Funds as of September 19, 1996BGRCentralNet Value$25.11$6.46Price$18.55…
Placer Dome advances clean-up
In the Philippines, a work crew is persevering in its attempt to seal a breached tailings impoundment that dumped 4 million tonnes of mine waste into a nearby river in March, Placer Dome (PDL-T) repor…
Financing completed for Caribou mine
Junior Breakwater Resources (BWR-T) has raised sufficient funds to start up the Caribou base metal mine in New Brunswick.The sale of 14.4 million shares at $2.15 each has closed, raising gross proceed…