SPOT PRICES (June 02, 1997)
Wednesday, May 28, 1997Price (US)Week’s ChangeGold*$344.70+ $2.45Silver*$ 4.76…
Articles by Northern Miner Staff
Teck accelerates exploration in northeastern Mexico
Here in the southeastern state of Oaxaca, Teck (TEK-T) is carrying out early-stage exploration on the Lachatao gold property, with trenching and drilling endeavoring to outline what the company hopes …
NEVADA — Alta prepares to mine Olinghouse and Griffon — Green Hill-Payback pit readied for startup
Henderson-based Alta Gold (ALTA-Q) has increased its land position around its Olinghouse property in northwestern Nevada by more than half.The company staked another 140 mining claims in an area north…
NEVADA — Newmont, Barrick rise to the top
Several North American companies with operations in Nevada are moving ahead of their South African competitors within the top tier of the world’s gold producers.While Anglo American of South Africa is…
STOCK MARKETS — Golds and base metals help boost TSE above 6,400 — Base metal producers rise despite nickel’s fall
A single day of heavy trading, combined with solid performances by the base metal, gold and precious metal sub-indices, was sufficient to push the Toronto Stock Exchange index to 6,442.54 on May 27 –…
THE DIAMOND PAGE — SouthernEra ties up agreement
Large-diameter drilling is planned by SouthernEra Resources (SUF-T) for the Camafuca-Camazambo pipe, near Calonda, in the Lunda Norte province of Angola.The company recently issued 500,000 of its shar…
Sadiola Hill mine makes golden progress — Iamgold sets stage for foreign juniors in West Africa
Any time you dig a big hole in the ground, you get a surprise or two. All any operator can do is try to be ready for them.Fortunately for the partners in the Sadiola Hill project in western Mali, the …
NEVADA — Pallaum’s growth strategy hinges on Nevada projects — Bullion Mountain the most promising
As gold deposits in northern Nevada become increasingly difficult and expensive to find, major companies are leaving it to the juniors to locate potential mines.One such company is Vancouver-based Pal…
NEVADA — South Pipeline interest adds to Royal revenue
Net income of US$1.1 million (or 7 cents per share) was reported by Royal Gold (RGLD-Q) for the second quarter of its 1997 fiscal year, compared with a loss of US$268,647 in the same period last year….
McWatters to buy Kiena and Sigma
Rouyn-Noranda-based McWatters Mining (MCW.A-M) has signed a $US70-Million deal with Placer Dome (PDG-T) to buy the Kiena and Sigma gold mines, along with 18 exploration properties in and around Val d’…
THE DIAMOND PAGE — Kimberlites elude Gerle, Monopros
No kimberlites have been encountered in the 16 holes drilled to date during a spring program on the Doyle Lake project in the Northwest Territories. The drilling is focused on the LA 1-25 mineral clai…
Summo finances Lisbon Valley project
Junior Summo Minerals (SMA-T) is joining forces with St. Mary Land & Exploration (MARY-Q) to develop the Lisbon Valley copper project, southeast of Moab, Utah.A new company, Lisbon Valley Mining, will…