Bre-X release adds fuel to rumor mill
Rumors, of course, fly better in a vacuum.Shares of Bre-X Minerals (bxm-t) took a wild ride on April 23, as rumors about the company’s Busang gold project in Kalimantan, Indonesia, proliferated thanks…
Articles by Northern Miner Staff
`Desert dirts’ all the rage in southwestern U.S.
In the mid-1980s, a junior company touting a huge platinum resource told potential investors that the U.S. Bureau of Mines had “verified” the presence of platinum at its property in Arizona.”Not true,…
OPINION/GARRY HAWTHORN — Assaying unravelled
Although I have not examined a questionable gold deposit since the late 1980s, I am concerned that the problem has not gone away.A few weeks ago, I received a review of six so-called desert sand gold …
PEOPLE — QUEST INT’L
Robert Sillcox and William Bryden appointed directors.
METAL PRICES — Daily Metal Prices GOLD PRICES (London fix and Toronto bank bid/ask, US$ per oz.)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApr. 22Apr. 21Apr. 18Apr. 17A…
LME WAREHOUSE LEVELS (April 28, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 21/97 (change from previous week in brackets):Metal Stocktonneschange…
MOST ACTIVE ISSUES, April 16-22
ExchgVol (000s)CloseBre-X MnrlsT165272.40Rea Gold CorpT…
STOCK MARKET — Resource index takes springtime leap on Vancouver Stock Exchange — Winspear Resources, Jersey Goldfields emerge as most active issues
The Vancouver Stock Exchange pulled out of its nose dive during the report period ended April 22. Although still sliding, the VSE posted its best week in more than a month. The composite index lost 8….
PRECIOUS METAL PRICES (London fix and interbank rates, US$ per oz.)
DateApr. 22Apr. 21Apr. 18Apr. 17Apr. 16Silver2.9102.9082.8…
PRODUCER PRICES (April 28, 1997)
Aluminium: LME settlements US$1,546.50 per tonne, alloy $1,433 per tonne (April 22/97).Antimony: Composite free market, US$2,350 per tonne (April 22/97).Bismuth: Composite free market US$3.11 per lb. …
Nugget Pond producing gold
Rouyn-Noranda, Que.-based Richmont Mines (ric-t) has entered commercial production at its Nugget Pond gold mine on the Baie Verte peninsula of Newfoundland.The startup was completed on time and within…
Echo Bay acquires stake in Fairmile
Gold producer Echo Bay Mines (eco-x) is expected to gain an 8% interest in Fairmile Gold (fla-a), which has an option to acquire the Buffalo Valley gold project in northern Nevada.Echo Bay will acquir…