GREATEST VALUE TRADED, Jan. 10-16
Value($000s)HighLowCloseChange Barrick Gold T256123$40 1/237 1/238 3/8- 1 1/4Placer Dome T201756$37 1/234 5/836 1/8- 3/4Alberta EnergyT108892$23 1/822 1/822 1/2- 1/2TVX Gold Inc …
News
STOCK MARKETS — Western markets push ahead as gold stalls
Although the rally in bullion markets failed to propel the yellow metal through the US$400-per-oz. level, western markets managed to hit a high note at the end of the report period ended Jan. 16.The V…
DIAMOND NEWS — Winter drills turning at Fort la Corne project
Results from last year’s mini-bulk sampling at the Fort la Corne diamond project in Saskatchewan have prompted a winter drilling program.The project is a joint venture among Kensington Resources (VS…
STOCK MARKETS — TSE runs out of steam in quiet trading
The decline continued this week on the Toronto Stock Exchange, with the TSE 300 composite index posting four days of losses in light trading, followed by a 1-day buying spree.Over the period Jan. 10-1…
Electra advancing Aurora property
Prefeasibility work at the Aurora gold mine, 28 miles southwest of Hawthorne, Nev., is expected to wind down by the end of February.Mine owner Electra Mining Consolidated (VSE) is working to outline a…
Gold Funds as of January 11, 1996
BGRCentralNet Value$19.05$6.89Price$17.00$7.00Discount10.74%1.6%Value$148,906,000$126,695,100…
Production rising at Eagle River
With problems at its leased mill cleared up, River Gold Mines (TSE) is forecasting capacity production in 1996 from its Eagle River mine near Wawa, Ont.Gold was first poured in October, just 18 months…
Minto Explorations on fast track to production in the Yukon
A positive feasibility study on the Minto copper-gold-silver project in the Yukon estimates yearly copper output at 27 million lb. at a cash cost of US57 cents per lb. net of gold and silver credits.O…
Producer prices (January 22, 1996)
ALUMINUM: MW U.S. market US78.75 cents-79.75 cents per lb. (Jan. 5, 1996).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.10-4.30 per lb. (Dec. 8, 199…
Champion Resources options gold-copper project in Honduras
Champion Resources (VSE) can earn half of Toronto-listed Tombstone Resources’ interest in the Minoro gold-copper project in Honduras.The project is currently an 80-20 joint venture between Tombstone a…
TSE Short positions outstanding at December 29, 1995
Larger individual positions included: Barrick Gold 6,246,906; Agnico-Eagle 121,543; Bema Gold 1,152,400; Caledonia M’g 274,300; Cambior 106,775; Campbell 1,046,900; CS Res. 1,011,100; Cons Ramrod Gold…
Alberta Energy takes control of Conwest Expl.
With 94% of the common shares of Conwest Exploration (TSE) tendered, oil and gas producer Alberta Energy (TSE) has completed its friendly takeover bid for the company.Conwest shareholders elected to r…