DIAMOND PAGE — Cypango closes placement
A $1.8-Million private placement will enable diamond hunter Cypango Ventures (CAV-V) to fund exploration in Canada’s Northwest Territories.The placement consisted of 2 million special warrants priced …
Articles by Northern Miner Staff
LME WAREHOUSE LEVELS (June 16, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 9/97 (change from previous week in brackets):Aluminium718,075(-16,525)Copper128,125(-4,375)Lead117,550(-275)Nickel51,86…
GREATEST VALUE TRADED (June 16, 1997)
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
DIAMOND PAGE — Ashton tests Alberta pipes
The latest exploration results released by Ashton Mining of Canada (ACA-T) bring to 11 the number of kimberlite pipes tested at the Buffalo Hills property in northern Alberta.The company reported init…
STOCK MARKETS — Western markets negotiate a slippery slope — Latin America explorers off, diamond explorers lacklustre
The Vancouver Stock Exchange composite index was down over the report period ended June 10, losing 28.76 points to finish the week at 961.32.The Alberta Exchange, which also continued to slide, was of…
MOST ACTIVE ISSUES (June 16, 1997)
ExchgVol(000s)CloseQ.E.X. ResM99000.75Barrick GoldT…
Anvil retains financial adviser
Toronto-based Anvil Range Mining (ARO-T) has retained RBC Dominion Securities to help review refinancing options that would allow the company to resume operations at Faro, Y.T.As financial adviser, RB…
Placer closes takeover
Placer Dome (PDG-T) has received US$97 million in return for selling the non-Porgera assets acquired in its takeover of Highlands Gold.Highlands Gold owned 25% of the Porgera gold mine in Papua New Gu…
Yamana hits high grade in Argentina
Drilling by Yamana Resources (YRI-T) at its Martinetas property in southern Argentina has returned some high-grade values.Hole 23 returned 20 metres grading 29.2 grams gold per tonne, including 2 metr…
STOCK MARKETS — Toronto-listed golds rise in quiet week of trading —
Platinum group metals continue to dazzle investment communityThe Toronto Stock Exchange had a flat week from June 4 to 10, with the TSE 300 composite jiggling slightly up and down before finishing fra…
La Teko boosts True North
The resource calculation for the True North gold deposit near Fairbanks, Alaska, has nearly doubled.A joint venture between Newmont Mining (NEM-N) and La Teko Resources (LAORF-Q), the project is estim…
METAL PRICES — Daily Metal Prices (June 16, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJune 10June 9June 6June 5June…