Spot prices at a glance (March 17, 1997)
Wednesday, March 12, 1997Price (US)Week’s ChangeGold*$353.15- $2.60Silver*$ 5.23…
Articles by Northern Miner Staff
TSE Short Positions (March 17, 1997)
Short positions outstanding at March 5, 1997Larger individual positions included: Barrick Gold 11,605,421, up 977,328; Agnico Eagle Mines 247,859; AJ Perron Gold 376,400; Amax Gold 156,670, up 76,600;…
65th PDAC emphasized global opportunities
Same show, new roof.The 65th annual convention of the Prospectors & Developers Association of Canada (PDAC) had a new home, the Metropolitan Toronto Convention Centre, and a new, roomier feel, while s…
Wheaton River will sell control of YGC
Wheaton River Minerals (WRM-T) plans to sell its 61.9% interest in YGC Resources (YGC-V) in order to finance development of its Golden Bear heap-leach mine in northwestern British Columbia.Wheaton has…
Correction (March 17, 1997)
Pangea Goldfields is listed on the Toronto Stock Exchange under the ticker symbol PGD. Incorrect information appeared in our issue of March 10, 1997.
NDT acquires property in Brazil
NDT Ventures (NDE-V) is acquiring 48,000 acres in Brazil’s Minas Gerais state, where historic garimpeiro gold workings are known to exist.NDT will pay US$945,000 in cash to the Brazilian vendor, issue…
Trillion still trenching in Mozambique
Partners Trillion Resources (TLO-T) and Greenhope Resources (GRH-M) have completed a soil and trenching program at the Muende gold property in Mozambique.The program outlined a 400-by-50-metre soil an…
First gold poured at Cortez mine
Mining at the Pipeline open-pit deposit has resulted in the first gold pour at the Cortez mine in Nevada’s Crescent Valley.The operation is a 60-40 joint venture between Placer Dome (PDG-T) and Kennec…
STOCK MARKETS — Metal markets carry Toronto exchange
The Toronto Stock Exchange gained 150.41 points (or 2.4%) over the report period ended March 11 to close at 6,305.46 points. With the exception of March 10, trading volumes were heavy, with three of t…
$14m financing for Geomaque
Toronto-based Geomaque Explorations (GEO-T) will raise $14 million, most of which will be used to acquire interests in Latin American projects.The company sold 4 million special warrants at $3.50 each…
Noront expands Ontario holdings
Toronto-based Noront Resources (NOT-V) has several new agreements in the offing.* The company has agreed to a 50-50 joint venture with private parties at its 195-claim base metal prospect in Hurdman t…
Lyon Lake encounters gold at Beta Vargas
In the latest round of drilling at the Beta Vargas concession in Costa Rica, Lyon Lake Mines (LLL-T) has intersected additional low-grade gold mineralization.Previous work outlined a deposit contained…