GREATEST VALUE TRADED, September 4-10
ExchValue($000s)HighLowCloseChangeBarrick GoldT14…
1996
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…
EDITORIAL — An unfair advantage
Almost every major discovery in the past decade — from the Eskay Creek gold deposit in British Columbia and diamonds at Lac de Gras to the Voisey’s Bay nickel-copper-cobalt deposit in Labrador — has…
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…
ODDS’N’SODS — Mucking at the Aunor
Most English-speaking countries refer to the blasted rock of mining operations as “muck,” regardless of whether the rock is ore or waste.As the capacity of mills increased, a large percentage of mine …
Pioneer options deposit near Puffy
As part of a strategy to reactivate the Puffy Lake gold mine near Flin Flon, Man., Pioneer Metals (PSM-T) has optioned the nearby Nokomis Lake gold property in hopes of establishing a reserve there mi…
Sudbury symposium to feature mining and mineral technology
A symposium scheduled for Sept. 30-Oct. 3 in Sudbury, Ont., will highlight advances in mining and processing technology, as well as improvements in environmental research.Entitled “Mining and Minerals…
PRODUCER PRICES (September 16, 1996)
ALUMINIUM: LME settlements US$1,427.50 per tonne (Sept. 10, 1996), alloy US$1,255 per tonne (Sept. 5, 1996).ANTIMONY: Composite free market, US$2,625 per tonne (Sept. 10, 1996).BISMUTH: Composite free…
THE DIAMOND PAGE — Trenching unearths diamondiferous gravels in central Africa
Trenching by partners United Reef (URP-T) and Trans Hex International (THXI-C) has uncovered diamond-bearing gravels along a bank of the Bangoran River in the Central African Republic.The discovery wa…