NEWS IN BRIEF (March 11, 1996)
Auckland Explorations (AUK: VSE) has changed its name to Coromandel Resources (CND:VSE) on a 1-new-for-3-old-share basis.
News
Metal Prices (March 11, 1996)
FREE MARKETLondon Metal ExchangeSpot closing prices in $US per tonneDateMarch 4 March 3 March 1Feb 29 Feb 28Copper2587-2590 2597-2600 2569-2572 2531-2532 2521-2523Lead757-758 772.5-773.5 767….
Net earnings for Richmont take dive
While 1995 earnings at Richmont Mines (TSE) kept pace with 1994, net earnings were down.The company took in $20.19 million in 1995, compared with $20.64 million in 1994. Net earnings for the year were…
Index (March 11, 1996)
Aber ResourcesAdrian Res.Altai Res.Archangel DmndArchon Min.Arequipa Res.Armada GoldAshanti GldfldsAthabaska GldAtlasAtna Res.Auckland Expl.Bakyrchik GoldBarrick GoldBarrick Res.Battle Mtn GoldBlack H…
Financing (March 11, 1996)
Cambior — 8,000,000 shs @ $20.875 per sh.Golden Star Resources — 1,750,000 Units consisting of one Common Sh and one-half of one Common sh Purchase Wt @ $10.50 per Unit.Corriente Resources — 761,40…
Yukon Gold raises funds to explore land package in Yukon Territory
Junior Yukon Gold (VSE) has arranged a brokered private placement of 1.5 million special warrants at a price of $2 each.The special warrants will be exercisable into one common share and half a non-tr…
TSE approves Iamgold offering
In order to fund its exploration programs in West Africa, Iamgold has filed for a public offering of 10.4 million shares at $5.75 per share.The Toronto Stock Exchange has given conditional approval fo…
West African drills Teleku-Bokazo property
Montreal-listed West African Mining Exploration has started a 4,000-metre program of reverse-circulation drilling on its 51.3-sq.-km Teleku-Bokazo property in Ghana.The program follows 1 km of trenchi…
Greenstone raises US$25m for 1996
In order to fund all its planned 1996 programs without issuing any more equity, Greenstone Resources (TSE) has arranged US$25 million in debt financing.The financing consists of a US$15-million line o…
Potential of Kazakhstani project grows
Initial drill results from the Varvarinskoye gold-copper-silver deposit in northern Kazakhstan are confirming previous resource estimates.Kazakhstan Minerals (CDN) is attempting to confirm in situ res…
Royal Gold, High Desert form Crescent Valley JV
Another joint venture in the Crescent Valley of central Nevada is getting ready to explore for gold. Royal Gold (NASDAQ) and High Desert Mineral Resources (VSE) have formed a company, Royal High Deser…
Drilling expands Paron
An updated reserve estimate is being prepared for Arequipa Resources’ (TSE) Paron gold property in northern Peru.The recalculation follows infill and delineation drilling conducted on a tabular, outcr…