During the first six months of 1997, earnings for South Africa-based De Beers Consolidated Mines (dbrs-q) increased to US$507 million, compared with US$482 million in the first half of 1996.The rise i…
Diamond explorer Ashton Mining of Canada (aca-t) has discovered yet another kimberlite at the Buffalo Hills project in northern Alberta, bringing to 16 the number found since January.Newly discovered …
The Vancouver Stock Exchange composite index gained 9.46 points over the report period ended Aug. 12 to close up 1.1% at 834.3, whereas the mining index finished 13.71 points higher at 753.93, for a g…
1997Aug 12Aug 11Aug 8Aug 7Aug 6HighLowComposite30…
Lower gold prices and production, as well as reduced interest income, led to a loss for Agnico-Eagle Mines (age-t) in the second quarter.The company recorded a net loss of $1.2 million (or 3 cents per…
A first-phase exploration program by Asia Minerals (amp-a) has resulted in a copper-zinc-gold discovery at the Aurora property in the Sierra Madre mountains of Luzon province, in the Philippines.The c…
International Pursuit (ipj-t) has signed an agreement-in-principle to acquire interests in two Nevada gold properties of White Knight Resources (wkr-v).White Knight, which holds properties in Nevada’s…
A stock restructuring program has given Minorca Resources (mar-t) an influx of $67 million for potential project development.Eleven million special warrants were issued on March 13, and holders of 10….
Newly incorporated in Canada, and sporting 11 European mines and two smelters from parent company Trelleborg, Boliden (bol.ir-t) has seen its first-half earnings increase 55%, compared with those repo…
. . . or not?Maurice Brown, former editor and publisher emeritus of The Northern Miner, was an enthusiastic supporter of the mining industry during his 43 years with the paper. Mort, as he is affectio…
A flash flood has caused Sahelian Goldfields (shgi-c) to suspend its underground rehabilitation and development program at the Poura gold mine in Burkina Faso.Sahelian reports that 70 mm of rain, fall…
Short positions outstanding at July 15, 1997Larger individual positions included: Barrick Gold 10,938,501, up 810,045; Bema Gold 4,426,645, down 369,241; Campbell Resources 3,470,249, up 883,549; Echo…
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