Juniors finding east Timmins camp attractive
Exploration and development programs around Night Hawk Lake, 25 km east of Timmins, Ont., have junior companies flocking to the area.Moneta Porcupine Mines (TSE) has a long-established land position i…
1996
Spot prices at a glance (April 22, 1996)
Wednesday, April 17, 1996Week’s Price (US)ChangeGold*$391.40-$3.15Silver*$ 5.31-$0.15Platinum*$401.75-$4.25Nickel**$ 3.69+$0.09Lead**$ 0.37-0.01Copper $ 1.17+$0.04Zinca$ 0.47…
Cata Preta drilling fuels trading in Black Swan Gold
The latest drill results from the Cata Preta property in Brazil’s Minas Gerais state have generated a flurry of trading activity in Black Swan Gold Mines (VSE).The trading interest related to complete…
Ashanti moves to merge with Golden Shamrock Mines
As part of a strategy to become the world’s fifth-largest gold producer, Ashanti Goldfields (NYSE) has proposed another merger — this time with Australia’s Golden Shamrock Mines (TSE).The deal would …
GREATEST VALUE TRADED — Apr. 10-1
Exch Value($000s)HighLowClose ChangeDiamond Flds T464569 $40 1/238 3/840 1/4+1Inco Ltd T290169 $45 1/442 1/445+2 1/8Placer Dome T191706 $41 1/438 3/838 3/8-7/8Barrick Gold …
Falco looks toward busy but Voisey-less future
It is not without regret that Falconbridge (TSE) sails from the nickel-plated coast of Voisey’s Bay, Labrador, yet president Frank Pickard is confident there are higher profits to be made elsewhere.Ad…
Pangea drilling program confirms the continuity of Fenn-Gib mineralization
Diamond drilling has confirmed the continuity of mineralization at Pangea Goldfields’ (TSE) Fenn-Gib gold property in Guibord Twp., east of Matheson, Ont.The program of 11,500 metres of infill and def…
Index (April 22, 1996)
REG DEPTSCareersClassified AdvertisingCommentaryDiamond PageDrillersEditorialsInvestment CommentaryMetal PricesOdds `n’ SodsProfessional DirectoryStock MarketsSubscriber Service.AMOST ACTIVE…
GOLD FUNDS (April 22, 1996)
Gold Funds as of April 11, 1996BGRCentralNet Value$24.07$6.78Price$19.25$7.125Discount20.03%5.1%Value$188,206,000$128,957,513…
THE DIAMOND PAGE — Botswana Diamondfields attains producer status
With an agreement to purchase the Roberts Victor (Rovic) diamond mine in South Africa for US$4.3 million, junior explorer Botswana Diamondfields (VSE) may become a producer by the end of May.Situated …
PEOPLE (April 15, 1996)
AMAX GOLD — Scott Shellhaas appointed president and chief operating officer.CONS. NRD RES. — Brent Fidler and Derek Keating appointed directors.CORDAL RES. — Bernie Brauer appointed director; Rober…
Kenrich prepares to drill Corey property
A $1.4-million drilling and exploration program is set to begin on the Corey property in northwestern British Columbia.Kenrich Mining (VSE), which owns the 83,000-acre property, will drill 40 holes in…