GREATEST VALUE TRADED, Jan. 24-30
Exchg Value($000s)HighLowCloseChange Barrick Gold T224594$41 1/239 5/840 5/8+ 1/4Placer Dome T157767$39 1/837 1/438 3/8+ 3/8Inco Ltd T113057$49 1/445 5/849 + 3TVX Gold Inc T…
News
Trade deals take shape between Ontario and firms in Indonesia
Several members of the Team Canada trade mission to Asia recently negotiated investment deals in Indonesia that will affect Ontario’s mining and exploration industry.The signings, which include memora…
Orvana raises funds to explore mineral properties in Bolivia
A placement of 3.3 million special warrants has raised gross proceeds of $16.6 million for Orvana Minerals (TSE). The warrants are exchangeable for shares at no additional cost.Orvana will receive hal…
TSE SHORT POSITIONS (February 05, 1996)
Short positions outstanding at January 15, 1996Larger individual positions included: Barrick Gold 6,795,418; Agnico-Eagle 288,435; Adex Mining 216,500; Arequipa Res. 164,600; Anvil Range 144,500; Bema…
INVESTMENT COMMENTARY — Solitario’s potential in South America is attracting interest
A strategic position in South America, a property package with geologic merit and the prospect of near-term exploration success have combined to make Solitario Resources (TSE) attractive to investors,…
Getty prevails in court battle with Gold Standard
The outcome of a longstanding court battle against Getty Oil is not in favor of Utah-based junior Gold Standard (NASDAQ). The verdict is in, and the company will not receive the US$404 million awarded…
Teck and Aussie partner apply for CoW
Eager to add to its ground position in Indonesia, Teck (TSE) has applied for new Contracts of Work (CoW) and will make security deposits totalling US$7.5 million.Teck and Australian partner Meekatharr…
Avalon finances work in Ontario, Quebec
A private placement will enable Avalon Ventures (VSE) to finance work on its Quebec and Ontario gold projects, as well as acquire new properties.The company has placed 1.5 million units at 40 cents pe…
PRODUCER PRICES (February 05, 1996)
ALUMINUM: MW U.S. market US75 cents-76 cents per lb. (Jan. 19, 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, 1995).CA…
Campbell expands into Panama
With its latest acquisition, Campbell Resources (TSE) has expanded farther into Latin America, beyond its Santa Gertrudis gold mine in Mexico. The company can now acquire the Cerro Quema gold project …
SNC-Lavalin to take Kilborn Holdings
Montreal-based SNC-Lavalin, Canada’s largest engineering and construction company, has signed an agreement to acquire, for an undisclosed amount, Kilborn Holdings, a Toronto-based engineering company….
Refugio ready to pour gold
One of the world’s largest open-pit gold mines, the Refugio in Chile, is up and running and ready to pour gold.Construction of the $127-million mine, a 50-50 joint venture between Amax Gold (TSE) and …