Placer bids to acquire PNG company
A takeover bid has been launched by Placer Dome (PDG-T) for Highlands Gold, a Papua New Guinea-based company that owns 25% of the Porgera gold mine, and for the remaining 24.6% interest of subsidiary …
1996
FACTS’N’FIGURES — Gold demand stays high
Aggregate gold demands in the markets monitored by the Geneva-based World Gold Council reached 655 tons in the third quarter of 1996, just 2% below the record high of 668 tonnes for the corresponding …
THE DIAMOND PAGE — Sonora sells diamond parcels from African mine
A diamond venture in South Africa is providing a new focus for Sonora Gold (SON-T), a junior previously active in gold exploration in California.Sonora recently acquired Windsorton Mining, which, in t…
STOCK MARKETS — Western markets remain flat over week
The Vancouver Stock Market Exchange composite index remained flat over the report period ended Nov. 19, slipping 4.71 points to close at 1,149.79. The resource index closed down 43.5 points at 2,301.6…
STOCK MARKETS — Base metal miners still tugging at leash
The Toronto Stock Exchange continued strong in the past week, helped along by the base metal sector. The TSE 300 composite index had four more record-closing levels in the 5-day report period ended No…
BHP reports find at Taca-Taca play
Australian-owned BHP Minerals reports encouraging results from a drill program aimed at testing a large, coincident, copper-gold anomaly in the middle of the Taca-Taca (Lower) porphyry project in Arge…
PEOPLE –ROCHESTER
D. Campbell, Gary Liu, Ronnie Doman, Victor Erickson and Roger Nickel appointed directors.
Wheaton seeks funds for Golden Bear mine
In an effort to reopen the Golden Bear mine in northwestern British Columbia, Wheaton River Minerals (WRM-T) has retained the services of an independent financial group to assist it in obtaining a loa…
Virginia finds gold showings at Auclair
Junior Virgina Gold Mines (VIA-M) has discovered a new showing, known as “Rock’n Hammer,” at its Auclair property, along the Eastmain River in northern Quebec.The company also reported the discovery o…
PEOPLE — MIRAMAR MINING (November 25, 1996)
Brian Labadie appointed senior vice-president of operations.
Australia strives for record gold output
According to a Melbourne-based mining consulting firm, Australia is on-track to produce a record 290 tonnes of gold this year, up from 253.7 tonnes in 1995.The country produced 73 tonnes of the yellow…
ODDS’N’SODS — The Finnish-ed product
After the First World War, thousands of Finns migrated to North America, most of whom settled in the northern U.S. and Canada. The lakes and forests of northern Ontario reminded them of their homeland…