TSE INDICES (November 18, 1996)
1996Nov 12Nov 11Nov 8Nov 7Nov 6HighLowComposite”3…
1996
GOLD FUNDS (November 18, 1996)
Gold Funds as of November 7, 1996BGRCentralNet Value$22.70$6.06Price$17.90…
U.S. abandons Summitville action
Following the decision in the Ontario Court (General Division) overturning the order to freeze $152 million in Inco (N-T) shares held by Robert Friedland (T.N.M., Nov. 11/96), the U.S. Department of J…
Farallon expands Mexican deposit
Drilling by Farallon Resources (FAR-V) is expanding the potential of the Campo Morado polymetallic property in Mexico’s Guerrero state.To date, Farallon has drilled 21,000 metres on the project, havin…
THE DIAMOND PAGE — Marum recovers microdiamonds south of Temiscaming, Quebec
Two microdiamonds have been recovered from a 20-kg rock outcrop sample from Marum Resources’ (MMU-A) 500 Showing property, 6 km south of Temiscaming, Que.A color evaluation of the diamonds places them…
Titanium focus of spring conference
A conference on the future of the titanium dioxide industry will be held April 29-30, 1997, at the Stanley Park Hotel in Vancouver, B.C.Entitled “TiO2 ’97 — A View to 2000,” the conference is aimed a…
Sherritt Int’l. out to boost treasury
Toronto-based Sherritt International (S-T) has entered into an underwriting agreement for the issuance and sale of $300 million worth of 6%, 10-year, convertible, unsecured, subordinated debentures.Th…
THE DIAMOND PAGE — SouthernEra finds fissure extension
Ongoing exploration by SouthernEra Resources (SUF-T) has resulted in the discovery of an enlargement, or “blow,” on the Sugarbird Northern fissure, part of the Klipspringer property in South Africa.Th…
MacDonald proves up Cuban prospect
A 10-hole drill program by MacDonald Mines Exploration (MMP.A-A) is testing several geophysical and geochemical anomalies on the Florencia concession in Cuba.MacDonald is currently earning a 49% inter…
TSE SHORTS (November 18, 1996)
Short positions outstanding at October 31, 1996Larger individual positions included: Barrick Gold 9,702,563, up 345,297; Agnico-Eagle 499,743, down 127,300; AJ Perron Gold 323,400: Adex Mining 192,505…
Nuinsco buys back interest in Rainy River property
Nuinsco Resources (NWI-T) will issue shares to Western Troy Capital Resources (WRY-A) in exchange for the latter’s 4.9% interest in Nuinsco’s Rainy River property, near Fort Frances, Ont.Subject to th…
PRODUCER PRICES (November 18, 1996)
ALUMINIUM: LME settlements US$1,435 per tonne (Nov. 12, 1996), alloy US$1,252 per tonne (Nov. 5, 1996).ANTIMONY: Composite free market, US$1,940 per tonne (Nov. 12, 1996).BISMUTH: Composite free marke…