Spot prices at a glance (July 22, 1996)
Wednesday, July 17, 1996Price (US)Week’s ChangeGold*$383.65+ $0.25Silver*$ 5.00…
News
Lithos poised to lead in the production of lithium
Lithium is key to the future of Quebec-based Lithos (LTS-M), as surely as electric cars will eventually replace the ones now powered by gasoline.Lithos controls all known lithium deposits in Eastern C…
Trenching extends Takatu gold zone
A trenching program is in progress at the joint-venture Takatu gold project in northwestern Guyana.Partners Toscana Resources (TNR-V) and Champion Resources (CHL-V) report preliminary results for tren…
STOCK MARKETS — Western markets see resource index slip
Western markets continued to trend downward over the report period ended July 16.The Vancouver Stock Exchange composite index fell 74.3 points to 1,101.43, while the resource index slid through the 2,…
Sun shines brightly over Pirquitas silver play
In northwestern Argentina, Sunshine Mining & Refining (SSC-N) will double its efforts at the Pirquitas silver deposit for the second half of the year.The company spent US$1.3 million on drilling, assa…
METAL PRICES — FREE MARKET (July 22, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateJuly 16July 15July 12July 11July 10…
Fairfield to option out interest in Siwash property
The new management of Fairfield Minerals (FFD-T) has wasted little time finding a partner to develop the Siwash gold property near Merritt, in southern British Columbia.Aurizon Mines (ARZ-T) will earn…
DIAMOND PAGE — SouthernEra processes bulk sample
Toronto-based SouthernEra Resources (SUF-T) has started processing bulk samples at its plant on the Klipspringer diamond property in South Africa.The company has tested about 750 tonnes of overburden …
STOCK MARKETS — Market weakness drags TSE down
The Toronto Stock Exchange went for a long slide for the report period ended July 16, losing 156.07 points, or 3.1% of value, and closing at 4,920.59. Volumes, which had been down at summer levels, ju…
EDITORIAL PAGE — Business as usual
The British Columbia Treaty Commission has criticized the provincial government for not upholding a commitment to “protect” land from resource development while native claims are being negotiated. Thi…
PRODUCER PRICES (July 22, 1996)
ALUMINIUM: LME settlements US$1,420 per tonne, alloy US$1,215.50 per tonne (July 15, 1996).ANTIMONY: Composite free market, US$2,775 per tonne (July 15, 1996).BISMUTH: Composite free market US$3.50 pe…
Copper crash delays Gibraltar’s Lomas Bayas
Gibraltar Mines (GBM-T) is the first casualty to surface in the wake of the Sumitomo trading scandal.With the recent collapse in copper prices, Gibraltar is delaying the development of the Lomas Bayas…