News

Nell Dragovan appointed chairman; Leslie MacConnell and Robert Sibthorpe appointed directors.

The federal government of Canada has announced proposed changes to the income-tax treatment of producers of ammonite gemstones.The changes, which were proposed by Natural Resources Minister Anne McCle…

The Grandola joint venture has initiated drilling on the first of four planned holes in a program aimed at testing the central axis of the 3,000-metre-long Porto de Mel gravity anomaly on the Grandola…

London Metal ExchangeMidday bid-ask prices in $US per tonneDateAug. 20Aug. 19Aug. 16Aug. 15Aug. 14…

The Canadian Institute of Mining, Metallurgy & Petroleum (CIM) resumes its speakers’ luncheons on Sept. 19, when the guest of honor will be Bernard Michel, chairman, president and chief executive offi…

Gold Canyon Resources (GCU-V) has resumed trading on the Vancouver Stock Exchange, having cleared up the confusion over assay results from its Springpole gold project in northwestern Ontario.Trading w…

A $2.5-million exploration program on the Bamingui River diamond property in the Central African Republic is under way, reports United Reef (URP-T).Trans Hex Group of South Africa, which holds a 35% i…

ExchgValue($000s)HighLowChangeBema GoldT462418…

ExchgVol(000s)CloseBema GoldT40413 11.20Arizona StrV…

Initial drill results from its Santa Rosa gold mine project in Panama have induced Greenstone Resources (GRE-T) to consider modifying its open-pit design.The company has begun a 10,000-metre drill pro…

Short positions outstanding at July 31, 1996Larger individual positions included: Barrick Gold 10,127,048; Agnico-Eagle 297,060; Asia Pacific 116,715; Anvil Range 433,900; Atna Resources 114,600; Ande…

Gold producer Royal Oak Mines (RYO-T) has completed a debt-financing to raise funds for its portfolio of Canadian development projects.The funds will be used to finance construction of Royal Oak’s fla…