GREATEST VALUE TRADED, May 1-7
Exchg Value($000s)HighLowCloseChangeBarrick Gold T184077$43 3/840 1/243 1/4+1 1/2Placer Dome T158922$4037 3/839 7/8+2Inco Ltd T133491$47 3/845 1/247+1BRE-X Mnrls T132546$21…
News
Rio Amarillo hits values at Peruvian prospect
South American explorer Rio Amarillo Mining (VSE) is targeting the Bellota tourmaline breccia zone during a preliminary phase of drilling at its Aija property in north-central Peru.A 61.5-metre inters…
Exploration spending in Canada is on the rise
Exploration spending in Canada is expected to total $945 million in 1996, an increase of 24% over last year, according to a federal survey.The Survey of Canadian Mineral Exploration Expenditures estim…
Results encouraging at Francoeur mine
Reserves are increasing at the Francoeur gold mine near Rouyn-Noranda, Que., as Richmont Mines (TSE) finds more ore-grade mineralization along the Francoeur-Wasa shear zone.The underground program inv…
Royal Oak to own Cons. Professor
Royal Oak Mines (TSE), having received more than 90% of the shares of Consolidated Professor Mines (TSE) under its 80 cents per share takeover offer, has announced it will acquire the remaining shares…
Canadian Mining Hall of Fame is accepting nominations
The Canadian Mining Hall of Fame has announced it is accepting nominations for new inductees, who will be formally honored in early 1997.Nominations of persons who have made an outstanding contributio…
CIM honors mining industry’s best
The achievements of Canada’s mining community were recognized at an awards dinner held by the Canadian Institute of Mining, Metallurgy & Petroleum (CIM) at its annual meeting in Edmonton, Alta.* The B…
Fortune drilling program ignites land play in Northwest Territories
Another area play is under way, this time in the Mazenod Lake area, about 170 km northwest of Yellowknife, N.W.T.Fortune Minerals (CDN) is the centre of attention as it completes its drill program at …
P.T. Inco completes expansion financing
P.T. Inco now has the money to proceed with the planned expansion of its Indonesian operation.The firm, an Indonesian-based company owned 58.7% by Inco (TSE), has received from international financial…
TSE SHORTS (May 06, 1996)
Short positions outstanding at April 15, 1996Larger individual positions included: Barrick Gold 9,513,807; Agnico-Eagle 402,058; Asia Pacific 114,900; Arequipa 148,400; Anvil Range 356,400; Bema Gold …
EDITORIAL PAGE — Managing environmental risk
It would seem firefighting is still a popular approach to environmental management for many Canadian companies. That, at least, is the conclusion we can draw from a recent survey on environmental mana…
Drilling progresses at Canabrava diamond play
Exploration for the source of alluvial diamonds is continuing at the Canabrava project in the Coromandel district of Minas Gerais, Brazil.Teck (TSE), which can earn a 60% interest in the project from …