MOST ACTIVE ISSUES, April 16-22
ExchgVol (000s)CloseBre-X MnrlsT165272.40Rea Gold CorpT…
Articles by Northern Miner Staff
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…
Naneco begins drilling on property in South Dakota
In South Dakota, Naneco Minerals (nne-a) has begun drilling on a property it believes is geologically similar to the nearby Homestake gold mine.Drilling on the Cochrane property started in March, and …
Royal Gold reports reserves at Long Valley
Royal Gold (rgld-q) has proved up reserves at the Long Valley gold project in eastern California.In 1996, the company drilled 326 reverse-circulation holes in a program spanning 100,000 ft. Proven and…
First results show potential of Takatu
All but one of eight diamond drill holes at the Takatu gold project in Guyana have returned potentially economic grades over minable widths.Joint-venture partners Champion Resources (chl-v) and Toscan…
Menora begins drilling in Guyana
Toronto-based Menora Resources (men-m) has begun a shallow drilling program on its 3,817-ha Tassawini gold prospect in Guyana.The program will collar up to 700 core samples, drilled to depths of 6 to …
KWG confirms gold at Morne Bossa prospect
Drilling by Montreal-based KWG Resources (kwg-t) at its Morne Bossa prospect, south of Cap Haitien in northern Haiti, continues to return encouraging gold values.Recent highlights include: 37.5 metres…
Quantum eyes Zambian mines
The government of Zambia has offered First Quantum Minerals (fm-v) a seat at the negotiation table in talks related to the sale of state-owned mines and processing facilities.The Zambian Privatization…