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…
News
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…
Bre-X upgrades resource at Busang
With five diamond drill rigs at work, Bre-X Minerals (BXM-T) is pushing hard to outline 50 million oz. gold, in the measured and indicated resource categories, by year-end at its Busang gold project i…
Canada’s base and precious metal production on the rise
Although Canadian production of some non-metallics was off in April 1996 over the same period last year, production of precious and base metals had risen.The statistics shown below were complied by th…
MacMillan financing will be used to boost stake in Mishi project
Proceeds from a $850,000 private placement will enable MacMillan Gold (MMG-T) to increase its ownership in the Mishi gold property in northern Ontario.The 566-claim property includes the Main zone, wh…
Imperial tests gold zone in Niger
Drilling on the M’Banga gold concession in Niger, West Africa, has returned gold values for Imperial Metals (IPM).The company completed 15 holes for a total of 1,500 metres, outlining a gold zone over…