1996

Shareholders have approved the merger of American Resource (AREE-Q) and Rea Gold (REO-T), paving the way for the creation of a new, mid-tier gold producer.James Hogan, now chairman (formerly president…

Over the holiday-shortened report period ended July 2, the Vancouver Stock Exchange composite index closed down 26.85 points at 1,226.19, while the resource index fell 70.15 points to finish at 2,196….

Gold Funds as of June 27, 1996BGRCentralNet Value$23.76$6.46Price$18.70$6…

Shareholders of Eldorado Gold (ELD-T) and exploration affiliate HRC Development (HDC-V) have approved an equity-for-asset swap with Gencor, a South African-based international mining conglomerate.Eldo…

Scotland will soon join the ranks of gold producers, as Caledonia Mining (CAL-T) prepares to cut the ribbon on its US$11-million Cononish underground gold mine.Situated near the town of Tyndrum in the…

Junior VenCan Gold (VCG-M) has acquired an exploration concession, featuring several old workings, near the mining town of El Rosario in central Honduras.This month, VenCan will map and sample the Opo…

The Aunor gold mine, situated four miles from Timmins, Ont., and nestled between two medium-sized producing mines, attracted many job applicants when the 600-ton-per-day mill started up in January 194…

ALUMINIUM: LME settlement US$1,471 per tonne (July 3, 1996).ANTIMONY: Composite free market, US$2,875 per tonne (July 2, 1996).BISMUTH: Composite free market US$3.54 per lb. (June 28, 1996).CADMIUM: C…

The author is mayor of the district of Tumbler Ridge, B.C. This letter was sent to every mayor in British Columbia in support of that province’s Mining Week, which ran May 13-19. At the request of Kee…

Drilling is under way on the Kogaluk permit on Quebec’s Ungava Peninsula, reports Virginia Gold Mines (VIA-M).As part of a joint venture with Cominco (CLT-T) and Quebec Crown-owned Soquem, Virginia is…

In an effort to raise funds for its Illinois Creek gold project in Alaska, USMX (USM-T) will sell its royalty interest in another project.The company will sell its 5% royalty interest at the Montana T…

On a recent swing through Colorado, the president of Uzbekistan, Islom Karimov, announced that his country is soliciting bids for a group of properties in the Central Asian country. Up for bid are sev…