The commissioning of a 30-Tonne-per-hour diamond recovery plant is proceeding on schedule at the Bamingui River property in the Central African Republic, reports operator United Reef (URP-T).The joint…
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJune 17June 16June 13June 12J…
Seven of nine holes drilled at the Ipeti concession in Panama have intersected low grades of gold and copper mineralization.International Taurus Resources (ITS-V) says the results indicate the presenc…
Subject to shareholder and other approvals, Santa Cruz Gold (SCG-T) and Newmex Mining (MEX-T) will amalgamate to form a new company to carry on business as Santa Cruz Gold.The proposed transaction cal…
1997June 17June 16June 13June 12June 11HighLowCom…
Wednesday, June 18, 1997Price (US)Week’s ChangeGold*$342.05+ $1.65Silver*$ 4.80…
Slow markets have caused Nu-Lite Industries (NLE-V) to re-price a private placement.Unable to complete a 2.2-Million unit private placement at $3 each, the junior has arranged with investors to repric…
Results from a third phase of drilling on the Bowl Zone prospect near Mazenod Lake, about 160 km northwest of Yellowknife, N.W.T., indicate that mineralization continues to the east.Owner Fortune Mine…
The bulls were riding high, as the Toronto Stock Exchange 300 composite index rose 59.30 points to close the report period ended June 17 at 6,532.34.On June 13 the index hit 6,550.61 points, yet anoth…
Drought in the highlands of Papua New Guinea (PNG) is hampering mine operations there.At the Porgera gold mine, 50% owned by Placer Dome (PDG-N), mill operations were suspended June 1 owing to low wat…
Amax Gold (AU-N) has bought a half interest in the Kubaka gold mine in far eastern Russia from Cyprus Amax Minerals (CYM-N).To complete the transaction, Amax issued 11.8 million shares of common stock…
After considerable delays, Montreal-based Cambior (CBJ-T) expects to receive environmental permits for its Carlota copper project in east-Central Arizona.The company has spent five years and US$52 mil…
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