Corner Bay funds drill program
Proceeds of a rights offering will enable Corner Bay Minerals (BAY-T) to finance a 2-phase drill program on the San Martin oxide copper project in Chihuahua, Mexico.Under the rights offering, Corner B…
News
Silverspar directors face legal hearing
The British Columbia Securities Commission (BCSC) has issued a notice of hearing against several former directors of Silverspar Minerals (SLS-V).The commission outlined several allegations involving P…
COMMENTARY — Helping the Kuna Yala help themselves
Vancouver-based Western Keltic Mines (WKM) recently acquired five concessions in the Comarca de San Blas region of Panama, where a United Nations exploration program in the late 1960s revealed potenti…
Cambior a leading zinc producer in Quebec
Although production has already started, Cambior (CBJ-T) took time out recently to inaugurate the Gonzague Langlois zinc mine in northwestern Quebec.The celebration, which took place in a large tent e…
TSE SHORTS (July 01, 1996)
Short positions outstanding at June 15, 1996Larger individual positions included: Barrick Gold 8,936,790; Agnico-Eagle 399,194; Arequipa 137,000 Aur Resources 149,300; Bema Gold 4,276,777; Caledonia M…
Tri Origin starts financing plans for Lewis Ponds
Financing of the development of the Lewis Ponds deposit will be raised in Australia by way of a $16.4 million (Canadian) public offering of Tri Origin Australia, a wholly owned unit of Tri Origin Expl…
OBITUARY — Colin Spence
Colin Spence, former exploration manager with Rio Algom, has died. He was 65.Born in Kenya, Mr. Spence graduated from London’s Royal School of Mines in 1955 with a B.Sc. in mining geology before joini…
Electra recovers gold at Rambler
Electra Mining (ELC-V) has begun production at its Rambler tailings project near Baie Verte, Nfld.Electra is processing tailings, containing 1.7 million tons grading 0.04 oz. gold per ton, at a newly …
GOLD FUNDS (July 01, 1996)
Gold Funds as of June 20, 1996BGRCentralNet Value$24.63$6.51Price$18.70$6…
Sigma struggles for profitability
The workforce at the Sigma gold mine in Val d’Or, Que., will be reduced by about 100 employees in early July.Operator Placer Dome (PDG-T), which currently has 325 employees on site, says the reduction…
Fairfield in hands of Almaden management
Management of Fairfield Minerals (FFD-T) is now in the hands of Almaden Resources (AMH-V).Fairfield has been searching for a group to take over management of the company ever since John Stollery resig…
Diamond Fields seeks dismissal of suit
Facing a lawsuit by shareholders of Exdiam, Diamond Fields Resources (DFR-T) has asked a Texas court for early discovery hearings to consider a motion to dismiss the action.The lawsuit, brought by two…