Challenger to acquire ground in Burkina Faso
Cayman Islands-based Challenger Minerals (VSE) expects to be granted a licence covering a 400-sq.-km concession in Burkina Faso, West Africa.The Tafogo area lies between the Bouroum property of Channe…
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GREATEST VALUE TRADED (July 03, 1995)
Placer Dome T97932$37 3/4 36 1/236 7/8-1/2Barrick Gold T71909$36 5/8 35 1/435 1/2-3/4Inco Ltd T71095$38 5/8 37 3/838 1/4+1Noranda Inc T39753$27 1/8 26 5/827-1/8Falconbri…
STOCK MARKETS — Profit-taking sends TSE marginally lower
Following several weeks of gains, investors on the Toronto Stock Market opted for profit-taking and, in doing so, sent the TSE 300 composite marginally lower. Over the 5-day report period ended June 2…
EDITORIAL PAGE — Property rights and the Choctawahatchee beech mouse
In 1992, American taxpayers shelled out about US$16 million to “save” the endangered Choctawahatchee beech mouse.But that is a pittance, compared with the $73.4 million spent that year to “save” the r…
STOCK MARKETS — Western markets quiet as Labrador players work claims
Western markets took a breather over the report period ended June 27, as investors awaited results from the myriad of geophysical programs under way near the Voisey Bay nickel-copper-cobalt discovery …
GOLD FUNDS (July 03, 1995)
Gold Funds as of June 27BGRCentralNet Value $18.21$6.84Price $14.75$7.00Discount19.02%Premium2.3%Value$142,407,000$126,695,100…
Silver Standard to explore Bolivian silver property
COMIBOL, Bolivia’s state-owned mining company, has approved an application from Silver Standard Resources (VSE) for a joint venture on the Asiento silver property in southwestern Bolivia.Silver Standa…
Princess buys stake in Kazakh deposit
Vancouver-listed Princess Resources will pay US$70 million for all the shares of Consolidated Mines of Kazakhstan, which holds a 22.5% indirect interest in the Vasilkovskoye gold property in northern …
Hodgson and Elliott to head Ontario’s mining-related ministries
Newly elected Ontario Premier Michael Harris has sworn in his new cabinet, and, accordingly, the province’s mining industry has two Progressive Conservative ministers with whom to get acquainted.Chris…
PRODUCER PRICES (July 03, 1995)
ALUMINUM: MW U.S. market US83.75-84.75 cents per lb. (June 16, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995)….
Financing raised for United Reef
South African-based Trans Hex Group has purchased a $4- million convertible debenture issued by United Reef (TSE).The debenture is convertible, either in whole or in part at the option of Trans Hex, i…
Resource is boosted at Elsa properties
United Keno Hill Mines (TSE) has calculated preliminary resource estimates for three past-producing silver mines within its Elsa properties in the Yukon.Measured, indicated and inferred resources at t…