PRODUCER PRICES (September 23, 1996)
ALUMINIUM: LME settlements US$1,376 per tonne (Sept. 17, 1996), alloy US$1,212 per tonne (Sept. 13, 1996).ANTIMONY: Composite free market, US$2,625 per tonne (Sept. 17, 1996).BISMUTH: Composite free m…
1996
STOCK MARKETS — Speculation weakens western resource index
The Vancouver Stock Exchange composite index slipped 18.11 points over the report period ended Sept. 10 to close at 1,215.54. The resource index fell even farther, dropping 94.07 points to finish at 2…
Orion expands Argentine deposit
Holes drilled by Northern Orion Explorations (NNO-T) at its Agua Rica porphyry copper-gold-silver-molybdenum deposit in northwestern Argentina have extended mineralization there.Holes AR-49, 50 and 54…
STOCK MARKETS — Gold issues sink on Toronto market
The Toronto Stock Exchange traded heavily but went virtually nowhere in the period Sept. 4-10, closing at 5,147.12, up 4.77 points from the previous week. The average daily volume was in the range of …
GOLD FUNDS (September 16, 1996)
Gold Funds as of September 5, 1996BGRCentralNet Value$25.06$6.56Price$18.55…
TSE short positions (September 16, 1996)
Short positions outstanding at August 31, 1996Larger individual positions included: Barrick Gold 9,911,619; Agnico-Eagle 235,653; Asia Pacific 150,425; Anvil Range Mining 526,920; Anderson Expl.335,80…
GREATEST VALUE TRADED, September 4-10
ExchValue($000s)HighLowCloseChangeBarrick GoldT14…
Sutton alleges secret agreement
The ongoing battle for control of Sutton Resources (STT-V) has taken a new direction, with the company accusing its former chairman of making a secret deal to joint-venture its Tanzanian gold property…
COMMENTARY — A penny saved
Americans are demonstrating continual, overwhelming support for the penny.Recently, the future of the coin was discussed at a hearing presided over by Congressman Michael Castle, chairman of the House…
Anvil Range pays off bridge loan
Strong earnings from the Faro mine in the Yukon have enabled new owner Anvil Range (ARO-T) to prepay a US$15-million bridge loan to its major shareholder, Hyundai Canada.Financing for the early repaym…
Toronto Stock Exchange Indices (September 16, 1996)
1996Sept 10Sept 9Sept 6Sept 5Sept 4HighLowComposi…
Teck gets piece of Donner Resources
One of the biggest players in the Labrador exploration scene has caught the eye of a major producer.Teck (TEK-T) has agreed to finance exploration work on the South Voisey’s Bay project of Donner Reso…