LME Warehouse Levels (May 19, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at May 13/97 (change from previous week in brackets):Aluminium769,425(-23,200)Copper149,300(+375)Lead116,700(+2,750)Nickel50,80…
Articles by Northern Miner Staff
Virginia finds more gold at Grande Sud
Diamond drilling by Virginia Gold Mines (VIA-M) has identified four new gold-bearing structures on the Grande Sud property in northwestern Quebec.The company intersected zones 32, 35 and 37 while dril…
COMMENTARY — Industry requires federal support
The author is president of The Mining Association of Canada. He has written the following article at the request of Keep Mining in Canada, a grassroots campaign designed to increase awareness of the i…
Richmont not disuaded by loss
The loss of more than half a million dollars in the first quarter has not dampened the optimism of Rouyn-Noranda, Que.-based Richmont Mines (RIC-T).The combination of a lower average gold price and a …
Triton on track at Limon mine
During the first quarter of 1997, Triton Mining (TTM-T) boosted production while lowering cash costs at its Nicaraguan gold mine known as El Limon.The company processed 88,627 tonnes grading 5.15 gram…
Partners confirm mineralization
Drilling by partners Focal Resources (FCJ-A) and Intrepid Minerals (IAU-A) has confirmed gold and silver mineralization at the Barrios property in eastern El Salvador.The program represents the first …
SPOT PRICES (May 19, 1997)
Wednesday, May 14, 1997Price (US)Week’s ChangeGold*$349.00+ $8.35Silver*$ 4.87…
Abacus aims to expand Lookout zone
Exploration drilling is set to resume at the Niblack volcanogenic massive sulphide project in southeastern Alaska.Abacus Minerals (AMC-V) will focus on the gold-enriched Lookout zone, where last year’…
STOCK MARKETS — Golds give further push to TSE 300 composite index — Junior issues add spark to Toronto market; precious metals strengthen
Fuelled by strong performances in the gold and base metal markets, the Toronto Stock Exchange 300 composite index gained a hefty 119.28 points, or 1.9%, to finish the report period ended May 13 at 6,2…
Toronto Stock Exchange Indices (May 19, 1997)
1997May 13May 12May 9May 8May 7HighLowComposite”3…
TSE Short Positions (May 19, 1997)
Short positions outstanding at April 30, 1997.Larger individual positions included: Barrick Gold 11,910,540, down 106,478; Antares Mining 207,000, up 71,800; Anvil Range 719,800; Bema Gold 4,373,886, …
Cons. Texas to explore MAC claims
Consolidated Texas Northern Minerals (CXH-V) will use the proceeds of an $826,000 financing to explore for diamonds on the MAC claims in the Lac de Gras region of the Northwest Territories.The company…