LME WAREHOUSE LEVELS (March 24, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.17/97 (change from previous week in brackets):Aluminium891,825(+14,150)Copper197,450(-8,075)Lead108,225(-850)Nickel46,54…
Articles by Northern Miner Staff
GOLD FUNDS (March 24, 1997)
Gold Funds as of March 13, 1997BGRCentralNet Value$23.34$6.15Price$17.90$…
THE DIAMOND PAGE — Kimberlite find triggers Alberta rush
New Claymore Resources (NCS-V) has increased to 6 million acres its land position in the Buffalo Hills-Peace River area of north-central Alberta.The area has heated up since Ashton Mining of Canada (A…
GREATEST VALUE TRADED, Mar. 12-18
ExchgValue($000s)HighLowCloseChangeInco LtdT11370…
Spot prices at a glance (March 24, 1997)
Wednesday, March 19, 1997Price (US)Week’s ChangeGold*$348.95- $4.20Silver*$ 5.17…
Pacific Rim enters financing deal
Pacific Rim Mining (PFG-V) will use proceeds from a $12.7-million equity financing to accelerate exploration of its Cerro Blanco and La Colorada properties in northwestern Argentina and fund future ac…
STOCK MARKETS — Tumbling gold price depresses TSE
Over the report period ended March 18, the Toronto Stock Exchange reversed the gains it had made during the previous week, and then some.The TSE Composite 300 index dropped 176.18 points (or 2.8%), cl…
Minefinders stages $15-m financing
A special warrant financing to the tune of $15 million is being arranged by Minefinders (MFL-V).Three investment firms — Nesbitt Burns, Midland Walwyn Capital and HSBC James Capel Canada — will buy …
Homestake studies bio-oxidation process
Homestake Mining (HM-N) and Codelco, the Chilean state-owned mining agency, are studying the feasibility of using bio-oxidation techniques to process refractory material at the Agua de la Falda gold p…
LionOre gobbles gold producer
Former iron ore miner LionOre Mining International (LIM-T) has acquired control of Australian gold producer Forrestania Gold.LionOre presented Forrestania shareholders with two options: one LionOre sh…
NEWS ROUNDUP — Tri Origin Exploration options Burntbrush gold property
Tri Origin Exploration (TOE-T) will acquire the Burntbrush property, 150 km north of Timmins, Ont., in return for making unspecified exploration expenditures.The 50-sq.-km property was previously expl…
Indochina to sell Vietnamese properties
Indochina Goldfields (ING-T) will sell its interests in two adjoining gold exploration prospects in Vietnam to Olympus Pacific Minerals (OYM-V).The sale, worth US$7.5 million in cash and shares, would…