B.C. regulators impose penalties on Slightham
George Slightham has agreed to pay $30,000 to the British Columbia Securities Commission (BCSC) as a penalty for misconduct during his involvement in two junior companies listed on the Vancouver Stock…
News
Dry Cottonwood a gem of a mine
American Gem (TSE) has started up its second sapphire mine, known as the Dry Cottonwood.Production from this new operation, combined with the Gem Mountain mine, is expected to result in total producti…
Eldorado board rejects Glamis bid
After assessing the unsolicited takeover bid of Glamis Gold (TSE), the board of directors of Eldorado (TSE) has unanimously rejected the offer as being “inadequate and not in the best interests of Eld…
Teck to option Yamana property
Argentine explorer Yamana Resources (TSE) has granted Teck (TSE) the right to acquire up to a 60% interest in its gold project in the province of Santa Cruz.Yamana holds interests in 76 properties in …
Spot prices at a glance (July 03, 1995)
Wednesday, June 28Week’sPrice (US)ChangeGold*$389.30-$1.40Silver*$5.33-$0.16Platinum*$442.00-$0.75Nickel**$3.71+$0.20Lead**$0.28+$0.01Copper $1.38-$0.03Zinca$0.46+$0.01Cou…
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…
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…