Gold Funds (May 20, 1996)
Gold Funds as of May 9, 1996BGRCentralNet Value$25.81$6.76Price$20.45$6.900Discount20.77%2.1%Value$201,788,000$124,885,170…
News
STOCK MARKETS — Despite drop in price golds hold steady
After a slight 1-day drop, the Toronto Stock Exchange climbed higher over the period ended May 14, with the TSE composite 300 finishing the week at a record 5206.59 for a gain of almost 40 points, or …
Spot prices at a glance (May 20, 1996)
Wednesday, May 15, 1996Week’s Price (US)ChangeGold*$391.85-$1.80Silver*$ 5.40-$0.08Platinum*$402.25-$4.00Nickel**$ 3.64-$0.17Lead**$ 0.38-0.01Copper$ 1.24-$0.05Zinc$ 0.47-$0…
Gold intersected at Golden Hill project in Cuba
The latest drilling at the Golden Hill project in Cuba has yielded impressive results.Hole GH-71, drilled vertically on the Little Golden Hill zone, intersected 27.25 metres of near-surface oxide mate…
EDITORIAL PAGE — Mining Week celebrates Canadian accomplishment
One of the goals of Canada’s National Mining Week is to communicate the importance of the industry to people who rarely think about how metals and minerals affect their daily lives.Until recently, thi…
Roper, Silver Peak plan Abbott work
Additional development work at the Abbott project, 65 miles north of Trail, B.C., will begin in June.Roper Resources (VSE) can earn a half interest in the property from Silver Peak Resources (VSE) by …
Lyon Lake works toward startup at Beta Vargas
The first company to get a production permit from the Costa Rican government in 11 years is Montreal-listed Lyon Lake Mines, which can now develop its Beta Vargas gold project.Beta Vargas, 150 km west…
TSE Short Positions (May 20, 1996)
Short positions outstanding at April 30, 1996Larger individual positions included: Abacan 181,400; Barrick Gold 9,515,380; Agnico-Eagle 433,993; Algoma Steel 232,623; Asia Pacific 108,200; Arequipa Re…
Metal Prices — FREE MARKET (May 20, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateMay 14 May 13 May 10 May 9 May 8Copper2776-2781 2770-2775 2772-2777 2800-28052845-2850Lead847-848 843-844 850-852 850-852 869…
Anglo, American Mineral to develop Kipushi
The Kipushi polymetallic deposit in Zaire will be reworked following an agreement between American Mineral Fields (VSE) and mining powerhouse Anglo American.The latter will contribute up to $100 milli…
Goldcorp extends high-grade zones at Red Lake
Ongoing exploration by Goldcorp (TSE) continues to expand high-grade gold zones at the Red Lake mine in western Ontario.Results from 33 holes show that nine have values greater than 0.97 oz. gold per …
PRODUCER PRICES (May 20, 1996)
ALUMINIUM: MW U.S. market US75.5-76.5 cents per lb. (May 3, 1996).ANTIMONY: MW New York dealer US$1.80-$1.90 per lb. (April 26, 1996).BISMUTH: MW New York dealer US$3.80-3.95 per lb. (April 26, 1996)….