1996

The Great Depression of the 1930s still evokes images of soup lines, stock-market casualties, bankruptcies and mortgage foreclosures, topped off by one of the worst droughts in Canadian history.Canada…

Indochina Goldfields (ING-T) intends to reduce capital costs and speed up construction at its Monywa open-pit copper project in central Myanmar.The company hopes to cut costs by about US$35 million by…

Junior IMPACT Minerals (IPT-V) has entered into two separate option agreements with Energold Mining (EGD-V) on properties in the Dominican Republic.IMPACT can earn a 60% interest in the Majagual conce…

Peter Barnes appointed chief financial officer and director.

Steven Marsden, Stephen Kay, Barry Rayment, Clive Johnson and Roger Richer elected directors.

Ljubo Mikulic and Mitchelle Brajdic appointed directors.

With the exception of the gold stocks, the Toronto Stock Exchange advanced over the report period Oct. 23-29 with most sectors showing strength. The TSE 300 composite index finished the period 32.09 p…

Junior Golden Bear Minerals (GB-V) is encouraged by results from an 8-hole drill program on the Beruang Mas South project in southern Sumatra, Indonesia.In addition, a closely spaced geophysical progr…

In the summer of 1961, a mining company hired me, a summer geology student, to assist Bill Mundle in mapping a property that had recently been optioned from a local prospector and his partners.The pro…

ExchgVol(000s)CloseBRE-X MnrlsT1220523.65Bema GoldT…

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct.28/96 (change from previous week in brackets):Copper132,350 (-27,000)Tin10,075(+60)Lead117,100(+550)Zinc544,375(-2,725)…

Toronto-based Redaurum (RRK-T) will cease funding the unprofitable River Ranch diamond mine in Zimbabwe.Redaurum subsidiary Cornerstone Investments owns half the project in a joint venture with Auridi…