GOLD FUNDS (March 03, 1997)
Gold Funds as of February 20, 1997BGRCentralNet Value$22.47$6.04Price$17.95…
Articles by Northern Miner Staff
THE DIAMOND PAGE — Dia Met forms Venezuelan partnership for alluvial property
Dia Met Minerals (DMM-T) is forming a joint venture in Venezuela to look for the hard rock source of diamonds on an alluvial property there.The Kelowna, B.C.-based company will join forces with the Ve…
THE DIAMOND PAGE — Sonora completes plant expansion at South African diamond mine
By April, Sonora Gold (SON-T) expects to have reached design capacity at the Klipdam diamond mine in the Kimberley-Barkly West area of South Africa.Once this is achieved, the mine is expected to produ…
TSE INDICES (March 03, 1997)
1997Feb 25Feb 24Feb 21Feb 20Feb 19HighLowComposit…
THE DIAMOND PAGE — Higher value reported at Diavik
Further valuations have boosted the carat value of diamonds from the A-154 South pipe at the Diavik project in the Lac de Gras region of the Northwest Territories.Ownership of the project is split 60-…
TSE SHORTS (March 03, 1997)
Short positions outstanding at February 15, 1997Larger individual positions included: Barrick Gold 10,628,093, down 342,686; Agnico-Eagle 256,368, down 93,924; AJ Perron Gold 376,400; Algoma Steel 471…
Tailings spill hampers bottom line of Placer
A tailings spill at the Marcopper copper mine in the Philippines continued to haunt Placer Dome (PDG-T) in 1996, contributing to a loss of US$65 million (or 27 cents per share).By comparison, the comp…
Northern Orion sizes up copper-gold deposit in western Argentina
Northern Orion (NNO-T) has announced a new resource estimate for its Campana Mahuida copper-gold deposit in western Argentina.Based on 107 drill holes and a cutoff grade of 0.25% copper, the geologic …
Western Copper expands Mexican land position
In north-central Mexico, Western Copper Holdings (WTC-T) has entered into a preliminary agreement to option seven properties comprising 180,000 ha.Situated in Zacatecas state, the properties are held …
Sherritt earnings in holding pattern
Higher sales volumes in 1996 offset lower commodity prices and enabled Sherritt International (S-T) to post revenue and earnings similar to those achieved in 1995.Revenue of $199.2 million and operati…
Sunshine Mining sees silver lining
Low silver prices took their toll on Sunshine Mining & Refining (SSC-N), which posted a net loss of US$24.8 million in 1996, compared with a net loss of US$15.4 million in the previous year.On a brigh…
Mazarin quarterly earnings drop
The past quarter was a positive one for newly diversified Mazarin Mining (MAZ-T), though earnings were not as high as in the corresponding period of the previous fiscal year.For the three months ended…