Santa Fe suffers a first-quarter loss
New York-listed Santa Fe Pacific Gold recorded lower first-quarter earnings than in the same period in 1995 as a result of a 20% drop in production at its Twin Creeks gold mine in northern Nevada.For …
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STOCK MARKETS — Metals lose ground as TSE rises
The gold and base metal issues lost ground over the report period ended April 23, as the Toronto Stock Exchange creaked to a new high. The TSE 300 composite index slipped on April 17 but rose steadily…
Lithos finds gold on Guinean property
On its recently optioned property in Guinea, Lithos (ME) has identified an alluvial gold deposit with a resource exceeding 200,000 oz. grading 0.12 oz.gold per ton.Lithos must pay the Guinean vendor U…
EDITORIAL PAGE — Cracking down
A few years back, some hot assay results were reported by a junior company exploring a gold project in California. The geologist working on site noted the presence of visible gold in core from the dri…
Conversion of Weights and Measures (April 29, 1996)
1 troy oz. = 31.1 grams1 kilogram = 32.15 troy ounces1 kilogram = 2.2046 pounds1 (metric) tonne = 1,000 kilograms1 (metric) tonne = 2,204.6 pounds1 (short) ton = 2,000 pounds1 (metric) ton…
Toronto Stock Exchange Indices (April 29, 1996)
1996 –Apr. 23Apr. 22Apr. 19Apr. 18Apr. 17HighLowComposite “300”5116.945095.505069.575068.655062.905095.503983.34Metals&Minerals5509.135466.625474.115499.485513.285548.643273.56Int…
Spot prices at a glance (April 29, 1996)
Wednesday, April 24, 1996Week’sPrice (US)ChangeGold*$391.10-$0.30Silver*$ 5.32+$0.01Platinum*$403.25+$1.50Nickel**$ 3.61-$0.08Lead**$ 0.370.00Copper $ 1.20+$0.03Zinca$ 0.47…
BYG forming new Yukon company
A newly formed subsidiary of BYG Natural Resources (TSE) will take over that company’s exploration properties, so that BYG itself can concentrate on advancing its Mt. Nansen gold-silver property in th…
Financing (April 29, 1996)
Triton Mining — 3,500,000 Common Shs issuable upon exercise of Special Wts previously isssued @ $5.10 per Special Wt.
GOLD FUNDS (April 29, 1996)
Gold Funds as of April 18, 1996BGRCentralNet Value$24.47$6.66Price$18.80$6.850Discount23.17%2.9%Value$191,308,000$123,980,205…
Cameco earnings nearly double in first quarter
Increased uranium sales helped Cameco (TSE) nearly double its first-quarter earnings to $22 million (or 42 cents per share) this year from $12 million (23 cents per share) in 1995.But Cameco cautioned…
Tests prove positive for Curator Res.
Metallurgical tests are confirming metal recoveries for International Curator Resources (TSE) at its Boleo copper-cobalt project in Baja California Sur, Mexico.The program includes orebody characteriz…