AMT raises funds for copper project
Toronto-listed AMT International Mining has closed an initial public offering of 6.5 million units priced at $1 per unit.Each unit consists of one AMT common share and one AMT common share purchase wa…
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GOLD FUNDS (April 01, 1996)
Gold Funds as of March 21, 1996BGRCentralNet Value$23.04$6.83Price$19.00$7.000Discount17.53%2.5%Value$180,132,000$126,695,100…
Diadem releases drilling results
Drill logs and partial assays from the Pekan River property in Quebec are lending encouragement to Diadem Resources (ME).The results show that the four holes drilled on the property, 60 km south of Wa…
U.S. government sues Idaho silver miners
The U.S. federal government is taking four mining companies to court over alleged environmental damage in the historic Coeur d’Alene mining district of northern Idaho.Asarco (NYSE), Sunshine Mining an…
ODDS’N’SODS — The gold that got away
During the 1930s, I was employed as a smoke tester at a large non-ferrous smelter, where custom ore was ground, sampled and stockpiled until a sufficient supply was on hand for treatment.Notwithstandi…
Cominco operations in the black
With the exception of the Glenbrook nickel operation in Oregon, all of Cominco’s (TSE) operations made money in 1995.Total operating profit for the year was $302 million, almost double the $172 millio…
Spot prices at a glance (April 01, 1996)
Wednesday, March 27, 1996Week’sPrice (US)ChangeGold*$400.00$5.30Silver*$ 5.69$0.19Platinum*$414.50$4.00Nickel**$ 3.79$0.07Lead**$ 0.37-0.04Copper $ 1.15$0.00Zinca$ 0.48-…
Gold Reserve boosts resource
The first phase of infill drilling at the Brisas concession in the Kilometre 88 region of Venezuela has translated into an increase in copper-gold resources for Gold Reserve (TSE).The company, drillin…
Greenstone enhances Libertad potential
Drilling and trenching by Greenstone Resources (TSE) on its Libertad concessions in Nicaragua have expanded the size of the Cerro Mojon deposit.Reverse-circulation drilling has extended Cerro Mojon to…
STOCK MARKETS — Western markets stage mixed performance
Western markets put in a mixed performance over the report period ended March 26, with the Vancouver Stock Exchange composite index posting a 24.3-point gain to 1,080.55.The resource index failed to f…
EDITORIAL — Now you see it . . .
Ministry of Energy, Mines and Petroleum Resources (EMPR) is no more. Without warning, British Columbia’s new premier, Glen Clark, ordered an end to a ministry that has served the province well ever si…
Geostatistical program planned for McGill
The Department of Mining and Metallurgical Engineering at McGill University in Montreal will sponsor a 3-day course called “Geostatistics for Ore Reserve Estimation and Grade Control.”Presented by Mic…