News
PEOPLE — ADIKANN GOLDFIELDS — J. Douglas appointed president.
Golden Giant resumes mining
Fractures in the shaft at the Golden Giant mine near Marathon, Ont., were surficial only, and owner Hemlo Gold Mines was expected to have resumed underground operations by presstime. The fracturing, a…
DIAMOND NEWS ROUNDUP — Spider, KWG discover diamonds in James Bay Lowlands
The Kyle 3 kimberlite in the James Bay Lowlands of northern Ontario has yielded 104 diamonds.Four holes drilled by partners Spider Resources (ASE) and KWG Resources (TSE) intersected a diamondiferous …
GREATEST VALUE TRADED (December 25, 1995)
Barrick Gold T174175$36 7/835 1/236-1Placer Dome T153065$34 5/832 7/833 3/8-1 5/8Inco Ltd T83909$49 3/4 47 1/447 7/8-1/2Franco-Nev T40172$827879 1/2-2 3/8Sherritt T39589…
Venture combines Acadia, two offshore companies
Three companies would be folded into one under a proposed restructuring plan for Acadia Mineral Ventures (CDN).The arrangement would see Messina Copper (Botswana), owner of a Botswanan copper property…
STOCK MARKETS — Christmas doldrums keep western markets flat
Western markets were sideswiped by the Christmas doldrums over the report period ended Dec. 19. The Vancouver Stock Exchange resource index dropped 23.66 points to close at 1,241.52, while the composi…
STOCK MARKETS — Drop in interest rate causes late TSE rally
The Toronto Stock Exchange suffered heavy losses during the report period ended Dec. 19, but a drop in interest rates spurred a 40-point rally on the last day, which left the TSE 300 composite index a…
FINANCING (December 25, 1995)
Pan American Silver Corp. — 4,000,000 Common shs and 2,250,000 Common sh purchase wts upon the exercise of 4,000,000 special wts issued at 3,500,000 special wts at $7.00 per wt and 500,000 special wt…
Imperial Metals enters JV to explore in Niger
Imperial Metals (TSE) is teaming up with Japan-based Sumitomo on a new project in Niger, Africa.The companies are forming a joint venture on the 748-sq.-km M’Banga gold concession, west of the capital…
Geological studies shed light on Kidd Creek mine
Studies have enabled Falconbridge to increase reserves at its Kidd Creek copper-zinc mine, north of Timmins, Ont.Moreover, the research has resulted in a new mine model which could lead to additional …
GOLD FUNDS (December 25, 1995)
Gold Funds as of December 14, 1995BGRCentralNet Value$17.53$6.58Price$14.13$6.375Discount19.43%3.1%Value$137,066,000$115,383,038…