1996

With more than five months remaining in 1996. Strong trading in junior resource stocks pushed the Vancouver Stock Exchange to an all-time annual record high for the value of shares traded. The previou…

Drilling and construction by a team of more than 100 workers is under way at the Cerro Colorado copper deposit in Panama, reports property owner Tiomin Resources (TIO-T).By mid-August, Tiomin will be …

Wednesday, July 10, 1996Price (US)Week’s ChangeGold*$383.40+ $0.90Silver*$ 5.12…

The discovery of six diamonds in exposed bedrock has prompted Spider Resources (SPG-A) to secure the ground covering the occurrence near the town of Wawa, in northern Ontario.The discovery was made by…

Up to five holes are being drilled by Pathfinder Resources (PHR-V) at the Tungaberry property in northern Queensland, Australia.The Vancouver-based company is investigating the potential for a large-t…

ExchgValue($000s)HighLowCloseChangePlacer DomeT12…

Gold Funds as of July 4, 1996BGRCentralNet Value$23.46$6.40Price$18.70$6.

The Toronto Stock Exchange managed a late recovery to close fractionally higher over the report period ended July 9, with the TSE 300 composite index posting a gain of 2.75 points (0.05%) on the week….

Following completion of a private placement of flow-through shares, Agnico-Eagle Mines’ (AGE-T) direct stake in Sudbury Contact Mines (SUD-T) will increase to 38.9% from 30.5%.The placement of 1.3 mil…

Management of Kilo Gold Mines (KGD-A) has abandoned plans to release assay results on concentrates from its Johnson Valley gold project in California.The company says the owner of the recovery system …

Field crews have begun follow-up work on geophysical features identified by an airborne survey over the holdings of Pacific Bay Minerals (PBM-V) in the Finlayson-Wolverine Lake-area in south-central Y…

Armed with funds from a private placement, Young-Shannon Gold Mines (YSG-V) intends to carry out surface and underground development work at its claim block in Chester Twp., near Timmins, Ont.Diamond …