STOCK MARKETS — VSE feeds off Indonesian plays
The Vancouver Stock Exchange composite index was down slightly over the report period ended March 18, losing 21.48 points to close at 1,325.7. The resource index was off 54.5 points to finish at 2,463…
Articles by Northern Miner Staff
METAL PRICES — FREE MARKET (March 24, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateMar. 18Mar. 17Mar. 14Mar. 13Mar. 12…
Reserves triple at Limon gold mine
Idaho-based Fischer-Watt Gold (FWGO-O) has tripled proven and probable reserves at its Limon gold mine in northwestern Colombia.The figure now stands at 99,400 tonnes grading 16 grams gold per tonne, …
Alberta Stock Exchange files notice of hearing against Naxos
The Alberta Stock Exchange (ASE) has filed a notice of hearing against Naxos Resources and its president, Jimmy John.Trading in the company’s shares has been halted since May 1996.The notice alleges v…
TORONTO STOCK EXCHANGE INDICES (March 24, 1997)
1997Mar 18Mar 17Mar 14Mar 13Mar 12HighLowComposit…
Adex studies production plans for Mount Pleasant
A feasibility study calls for production of tin and indium-copper zinc concentrates at the Mt. Pleasant project in southwestern New Brunswick.Consulting firm Kvaerner Davy conducted the study, which r…
Athlone Resources drill-tests Norteno property in Bolivia
Drill results from the Norteno concession in western Bolivia indicate pyrite mineralization is the cause of a large induced-polarization anomaly.Athlone Resources (AT-V) tested the broad chargeability…
Kinross boosts stake in Goldbanks
Toronto-based Kinross Gold (K-T) has completed its acquisition of the Goldbanks gold-silver project, 56 miles south of Winnemucca, Nev.In June 1995, the company bought a half interest in the property …
Altavista raises Wild Mick funds
Boucherville, Que.-based Altavista Mines (AIA-M) has raised $850,000 from private investors.The financing consists of the issuance of 772,727 units priced at $1.10 each. A unit consists of one share a…
Westmin to finance Lomas Bayas work
Westmin Resources (WMI-T) has closed a US$120-million offering of senior secure notes, which it will use to repay a loan and develop the Lomas Bayas project in Chile.The notes, which were priced at pa…
Teck takes over Australian producer
Teck (TEK-T) and its Australian partner, Camelot Resources, have acquired 92% of the outstanding shares of producer Mount Edon Gold Mines. The takeover is valued at A$170 million.Teck acquired a 14.5%…
NEWS IN BRIEF (March 24, 1997)
Consolidated Valley Ventures (CVL-V) has changed its name to CVL Resources (CVL-V).