1995


COMMENTARY — Green extremists threaten New World

Crown Butte Mines’ New World gold-copper-silver project in Montana continues to grind through the permitting, legal and political process.As the Draft Environmental Impact Statement (EIS) nears comple…


Atlas, Phoenix deal

From a group of individual investors, Atlas (NYSE) has purchased 51% of the outstanding shares of Phoenix Financial Holdings (CDN).In return for US$1.3 million, it acquired 12.2 million shares, and co…


Canarc drills at Polaris-Taku

At the Polaris-Taku gold property in northwestern British Columbia, Canarc Resource (TSE) has completed a deep drilling program.Six holes tested the depth potential of the C vein system, returning mul…


TSE SHORT POSITIONS (December 25, 1995)

Short positions outstanding at November 30, 1995Larger individual positions included: Barrick Gold 6,159,554; Agnico-Eagle 190,043; Arequipa 109,000; Bema Gold 1,250,700; Caledonia M’g 287,200; Campbe…


Azco OKs sale of copper properties to Phelps Dodge

At a reconvened special meeting, the proposed sale of two copper deposits was finally approved by shareholders of Azco Mining (TSE).Azco now has the mandate to close a US$40-million transaction with P…


Gibraltar aims to finance Lomas Bayas

With a feasibility study on its Lomas Bayas oxide copper project in Chile now complete, Gibraltar Mines (TSE) is pushing to arrange project financing with European and North American banks.The study, …





PRODUCER PRICES (December 25, 1995)

ALUMINUM: MW U.S. market US77.25 cents-78.25 cents per lb. (Dec. 8, 1995).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…


Booker Gold zeros in on breccia

Proceeds from a $1-million private placement will be used by Booker Gold Explorations (VSE) to continue drilling through the winter at its Hearne Hill copper-gold project, 65 km northeast of Smithers,…


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