TSE INDICES (August 18, 1997)
1997Aug 12Aug 11Aug 8Aug 7Aug 6HighLowComposite30…
News
Agnico-Eagle reports second-quarter loss
Lower gold prices and production, as well as reduced interest income, led to a loss for Agnico-Eagle Mines (age-t) in the second quarter.The company recorded a net loss of $1.2 million (or 3 cents per…
Asia Minerals discovers high-grade copper-zinc-gold target
A first-phase exploration program by Asia Minerals (amp-a) has resulted in a copper-zinc-gold discovery at the Aurora property in the Sierra Madre mountains of Luzon province, in the Philippines.The c…
International Pursuit joins White Knight in Nevada
International Pursuit (ipj-t) has signed an agreement-in-principle to acquire interests in two Nevada gold properties of White Knight Resources (wkr-v).White Knight, which holds properties in Nevada’s…
Restructuring fills Minorca’s coffers
A stock restructuring program has given Minorca Resources (mar-t) an influx of $67 million for potential project development.Eleven million special warrants were issued on March 13, and holders of 10….
Boliden’s Canadian launch off to strong start — Low operating costs translate into profits
Newly incorporated in Canada, and sporting 11 European mines and two smelters from parent company Trelleborg, Boliden (bol.ir-t) has seen its first-half earnings increase 55%, compared with those repo…
EDITORIAL — The spread between cash costs and all-in’ costs — Mining ore
. . . or not?Maurice Brown, former editor and publisher emeritus of The Northern Miner, was an enthusiastic supporter of the mining industry during his 43 years with the paper. Mort, as he is affectio…
Rains force work suspension at Poura
A flash flood has caused Sahelian Goldfields (shgi-c) to suspend its underground rehabilitation and development program at the Poura gold mine in Burkina Faso.Sahelian reports that 70 mm of rain, fall…
Cumberland ups holding in Meadowbank
Vancouver-based Cumberland Resources (cbd-t) has completed its previously announced acquisition of a further 40% interest in the Meadowbank gold project from Comaplex Minerals (cmf-t) (T.N.M., June 30…
Soup project canned in British Columbia
Based on results from this year’s drilling program, Vital Pacific Resources (vpr-v) has decided not to carry out a second phase of drilling at the Soup gold-copper property in northern British Columbi…
People — TENKE
Rudolf Mueller appointed director.
People — PARAMOUNT VENT.
Adrian Lungan appointed president; Paul Conroy appointed chairman; and Colin Orr Ewing appointed director.