GREATEST VALUE TRADED, Dec. 4-10
ExchgValue($000s)HighLowCloseChangeBarrick GoldT2…
1996
Busang deal still awaited
The Busang gold deposit in Kalimantan continues to interest major mining companies, despite uncertainty related to the status of negotiations between the deposit’s owner, Bre-X Minerals (BXM-T), and s…
NWMA annual meeting underscores exploration strengths in North America
The current success of the mineral industry in the U.S. would not be possible were it not for the co-operation of Canadian financial institutions, according to Douglas Silver, a mineral economist with…
MOST ACTIVE ISSUES, Dec. 4-10
ExchgVol(000s)CloseBre-X MnrlsT1292420.65TVX Gold IncT…
Aurizon’s Douay program under way in Quebec
Work has started at the Douay West gold project in northwestern Quebec, where Aurizon Mines (ARZ-T) is earning a half interest from Vior Mining Exploration (VIO-M).A 6-km access road from Highway 109 …
STOCK MARKETS — TSE bounces back after selloff
The Toronto Stock Exchange took a wild ride during the trading period ended Dec. 10, with a steep 2-day slide on Dec. 5 and 6 as stock markets around the world fell in response to speculation that U.S…
LME WAREHOUSE LEVELS (December 16, 1996)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.9/96 (change from previous week in brackets):Copper105,275(+11,800)Tin9,860(+340)Lead122,275(+800)Zinc521,500(-5,475)Al…
Campbell forges ahead in Panama
With a positive feasibility study complete, Campbell Resources (CCH-T) is moving to develop its Cerro Quema gold deposit in southwestern Panama.The property hosts two epithermal gold deposits (La Pava…
THE DIAMOND PAGE — More stones recovered from Crater of Diamonds
Almost half of a planned 10,000-tonne bulk sample from the Crater of Diamonds state park in Arkansas has been processed.Under the operatorship of the state department of Parks and Tourism, a bulk-samp…
Private-sector mine represents Quantum leap for Zambia
In Zambia, construction has begun on the country’s first private-sector copper mine in 25 years.The Bwana Mkubwa project, a former producer now owned by First Quantum Ventures (FQV-V), comprises 5,800…
TSE SHORT POSITIONS (December 16, 1996)
Short positions outstanding at November 29, 1996Larger individual positions included: Abacan Resource 14,500, down 91,700; Barrick Gold 12,001,996, up 2,399,078; Agnico-Eagle 545,385; Archer Resources…
Madsen Gold on fast track to re-enter production
After 20 years of inactivity, the Madsen gold mine in the Red Lake camp of northwestern Ontario is showing definite signs of life. The former producer, now wholly owned by Madsen Gold (MGF-T), is expe…