Amax Gold plans more drilling for Gil claims
A second phase of drilling is scheduled for this autumn on the Gil claim block in the Fairbanks district of Alaska.Amax Gold (NYSE) owns 80% of the property through a subsidiary, while Teryl Resources…
News
STOCK MARKETS — Western markets gain as Labrador programs intensify
A breath of fresh air swept over the western markets for the report period ended Sept. 5. The Vancouver Stock Exchange composite index gained 25.46 points to finish at 864.99, while the resource index…
Investment Commentary — Anvil Range receives thumbs-up from analyst
With production of lead and zinc concentrates now under way at the Faro open-pit mine in the Yukon, Toronto-based broker Puccetti Farrell Capital continues to look favorably upon mine owner Anvil Rang…
PRODUCER PRICES (September 11, 1995)
ALUMINUM: MW U.S. market US87.5 cents-88.5 cents per lb. (August 24, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$3.75-3.85 per lb. (August 24…
Hemlo camp makes quiet progress
Exploration companies are active again in the Hemlo gold district of northern Ontario, working at a slower and steadier pace than their predecessors did in the early 1980s.About 85-90% of the greensto…
TSE to switch to decimal pricing
The Toronto Stock Exchange will be the first exchange in North America to move to decimal pricing.Under the current system, issues with prices above $5 trade in increments of one-eighth of a dollar. T…
NovaGold reaps royalty from Rambler (September 04, 1995)
A decision to proceed with development of the Rambler Tailings project near Baie Verte, Nfld., should infuse considerable cash into the coffers of NovaGold Resources (VSE).The company acquired the pro…
AGC zeroes in on Finn zone at JD play
Exploration drilling is in full swing on the JD gold-silver property in the Toodoggone River area of north-central British Columbia.AGC Americas Gold (VSE), which has budgeted a $3-million program, is…
NEWS IN BRIEF (September 04, 1995)
Amarado Resources (ADC:VSE) has changed its name to AfriOre Limited (AFO:VSE) on a 1-new-for-2.5-old-share basis.
ODDS’N’SODS — A river runs through it (September 04, 1995)
Reading the recent Odds `n’ Sods article about the Quirke mine flood of 1956 (T.N.M., Aug. 14/95) brought back a “flood” of memories of yet another water inflow at the Elliot Lake operation, some 33 y…
Rayrock companies show losses for half-year (September 04, 1995)
Six-month losses have been reported for Rayrock Yellowknife Resources (TSE) and subsidiary Minera Rayrock (TSE).The former reported a loss of US$907,000 for the first half of 1995, compared with earni…
PRODUCER PRICES (September 04, 1995)
ALUMINUM: MW U.S. market US87.5 cents-88.5 cents per lb. (August 24, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$3.75-3.85 per lb. (August 24…