EDITORIAL PAGE — Lining up at the trough
Something has gone wrong with the government process currently reviewing a proposal to mine diamonds in the Northwest Territories.The review and public hearings are supposed to focus on the environmen…
News
STOCK MARKETS — Bulls and bears blunder blindly on TSE
The Toronto Stock Exchange rose fractionally between Feb. 28 and March 5, closing at 4,995.94, up 41.67 points (or 0.8%) on the week. Trading volume picked up slightly on the week, but, in general, th…
Reserves dip for Battle Mountain
While Battle Mountain Gold (NYSE) added 735,000 oz. gold to its reserve base in 1995, the amount was not sufficient to prevent a decrease in its overall inventory.The proven and probable figure stands…
THE DIAMOND PAGE — Diamonds produced at Mazaruni
Partners Mazaruni Minerals (ASE) and Exall Resources (TSE) have started producing diamonds on the Mazaruni placer diamond operation on Guyana’s Mazaruni River.A dredge is taking bulk samples in three …
THE DIAMOND PAGE — Earnings, dividends rise for De Beers
South African diamond mining group De Beers increased its earnings and dividends in 1995.De Beers Consolidated Mines and De Beers Centenary recorded a combined 11% increase in attributable earnings fo…
gold funds
Gold Funds as of Febuary 29, 1996BGRCentralNet Value$23.26$6.92Price$19.25$7.000Discount17.23%1.2%Value $181,845,000$126,695,100…
ASE seeks to clarify Naxos assays
The Alberta Stock Exchange has requested further clarification of the assaying techniques employed by Naxos Resources (ASE) at its Franklin Lake property in California.The regulatory concerns are rela…
Spotprices at a glance
Spot prices at a glanceWednesday, March 6, 1996Price (US)Week’s ChangeGold*$393.60-$4.10Silver*$ 5.36-$0.10Platinum*$406.35-$1.65Nickel**$ 3.45-$0.14Lead**$ 0.34-$0.01Copper $ 1…
THE DIAMOND PAGE — Guardian receives positive results from DK
Caustic fusion analysis on a portion of drill core from the DK pipe in southwestern Wyoming has yielded one macrodiamond and one micro from 91.2 kg of kimberlitic diatreme.Guardian Enterprises (VSE) r…
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.
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…