PRODUCER PRICES (April 01, 1996)
ALUMINUM: MW U.S. market US75.5 cents-76.5 cents per lb. (March 15, 1996).ANTIMONY: MW New York dealer US$1.85-2.00 per lb. (Feb. 29, 1996).BISMUTH: MW New York dealer US$3.90-4.05 per lb. (Feb. 29, 1…
News
Chase and BHP enlarge holdings
Partners Chase Resource (TSE) and BHP Minerals are expanding their ground position in the Philippines by acquiring more than 110,000 hectares in Aurora and Nueva Ecija provinces.The claims are at the …
Newmont and Sumitomo to join forces in S.E. Asia
Although still subject to a definitive agreement, Newmont Gold (NYSE) and Japanese-based Sumitomo plan to develop jointly the Batu Hijau copper-gold porphyry deposit on the Indonesian island of Sumbaw…
Redaurum recovers more diamonds
Since the start of the year, Redaurum (TSE) has sold diamonds from all four of its operating properties, resulting in an average price per carat of US$141.That figure, however, excludes the sale of an…
TSE INDICES (April 01, 1996)
= 1996 = Mar 26 Mar 25 Mar 22 Mar 21 Mar 20 High LowComposite “300” 4985.21 4967.27 4952.63 4946.74 4961.34 5066.79 3983.34Metls & Minerals 5403.84 5343.08 5335.86 5346.12 5381.70 5463.82 3273.56 I…
METAL PRICES (April 01, 1996)
FREE MARKETLondon Metal ExchangeSpot closing prices in $US per tonneDate March 26 March 25 March 22 March 21 March 20Copper 2546-2526 2529-2531 2532.5-2534.5 2562-2564 2542-2544Lead 818-823 826-8…
Winspear begins spring drilling at Camsell
Using two rigs, Winspear Resources (VSE) has begun a 10,000-ft. drill program on the Camsell Lake diamond joint venture in the Northwest Territories.Winspear is the operator and holds a 32% interest i…
STOCK MARKETS — Golds gain ground to bolster TSE
The Toronto Stock Exchange was fractionally higher over the report period ended March 26, with the TSE 300 composite index adding 17.94 points to close at 4,985.21. Gold stocks were especially strong,…
Underground program for Damoti
Partners Consolidated Ramrod Gold (TSE) and Canadian American Resource plan to go underground this summer at the Damoti Lake project north of Yellowknife, N.W.T.Canadian American is funding the planne…
Cons. Nevada plans merger
Toronto-listed Consolidated Nevada Goldfields (CNG) will merge with Grupo Real del Monte, a mining company based in Mexico City.As a result, CNG will end up with double its current productive capacity…
Dawson City to host placer gold show
Northern Canada’s largest industry and trade show for the placer mining sector is scheduled for May 17-18 in Dawson City, Y.T.The 11th annual Dawson City International Gold Show will feature a keynote…
Asquith raises exploration funds
A private placement by Asquith Resources (TSE) of 3 million special warrants has closed.Each special warrant was priced at $1 each and will be convertible into one unit consisting of one common share …