COMMENTARY — Congo is open for business
The mining potential of the Democratic Republic of Congo, though tremendous, has not been properly exploited.As a result of the lack of exploitation of our natural resources, we are experiencing pover…
News
METAL PRICES — Daily Metal Prices (August 11, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateAug. 5Aug. 4Aug. 1July 31July…
Converse project shaping into large resource for JV partners
Drilling by Uranerz has almost doubled the gold resource at the Converse gold property in northwestern Nevada.A 25-hole drill program on the property, 180 km northeast of Reno, has now outlined 39 mil…
Gold Funds (August 04, 1997)
Gold Funds as of July 24, 1997BGRCentralNet Value$18.18$5.44Price$13.95$5.450Discount23.26%Premium0.2%Value$135,088,000$98,641,185…
NEWS IN BRIEF (August 04, 1997)
Mountain View Ventures (MVI-V) has changed its name to Blackrun Ventures (BKV-V) on a 1-New-for-4-old-share basis.
Corrections (August 04, 1997)
An article on page 6 of our July 28 issue includes incorrect information regarding the operatorship and funding of the VBE-1 project. The operator of the 1997 exploration program is Columbia Yukon Res…
People — RIO NARCEA
Alberto Lavandeira appointed president and chief operating officer.
People — CRYSTALLEX INT’L
Harry Near appointed director.
People — BHP COPPER
Colin Palethorpe appointed senior vice-president for San Francisco; Roger Higgins appointed senior vice-president for Pacific operations.
Echo Bay takes another loss on chin
Echo Bay Mines (ECO-T) reported a substantial loss for the second quarter of 1997.The Denver-based company lost US$20.7 million during the 3-Month period ended June 30, compared with a loss of US$14.6…
Greatest value traded, July 23-29
ExchgValue($000s)HighLowCloseChangeInco LtdT16605…
DIAMOND PAGE — Magino envisaged as big low-grade target
Low gold prices closed the Magino mine, 40 km northeast of Wawa, in 1992, and now Golden Goose Resources (GGR-T) is hoping that some new geological thinking may warrant a reopening.Golden Goose, which…