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…
News
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…
ODDS’N’SODS — The advantages of underground experience
In 1949, while a student employee, I was engaged as part of a blasting crew at South Crofty, a famous tin mine halfway between Camborne and Redruth in Cornwall, England.It was late in the shift, and w…
Final feasibility proves up Tulsequah Chief
A final feasibility study of the Tulsequah Chief property in northwestern British Columbia has confirmed results of a previous study.Redfern Resources (TSE) plans to develop a 2,700-ton-per-day mining…
INVESTMENT COMMENTARY — Interest in senior Canadian gold producers remains high
Over the past two years, the price of gold has hovered narrowly between US$375 to US$395 per oz. And yet investors remain keenly interested in senior Canadian gold-producing companies, some of which h…
Commission sets standards for reopening of Omai gold mine
The Guyanese government’s Commission of Enquiry into last summer’s effluent spill at the Omai gold mine has called for several modifications to the tailings dam. It has also recommended a regular prog…