GOLD FUNDS (April 07, 1997)
Gold Funds as of March 27, 1997BGRCentralNet Value$21.59$6.11Price$17.75$…
News
NEWS IN BRIEF (April 07, 1997)
SLN Ventures (SVN-V) has changed its name to Pan Ocean Explorations (POE-V) on a 1-new-for-6-old-share basis.
LME WHSE LEVELS (April 07, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.31/97 (change from previous week in brackets):Aluminium853,000(-2,525)Copper177,250(-6,225)Lead106,925(-500)Nickel47,862…
Bre-X’s credibility undermined as suspicions mount — Assay lab’s results are only as good as the samples it receives
A month ago, it was reputed to be sitting on the largest gold find of the century, but the ground is now shaking beneath Bre-X Minerals (BXM-T), operator of the Busang gold project in eastern Kalimant…
GREATEST VALUE TRADED (April 07, 1997)
ExchgValue(000s)HighLowCloseChangeBarrick GoldT12…
STOCK MARKETS — Great Bre-X belly-flop sinks entire gold market
Widespread carnage among TSE golds; base metals also take a bashing The report period ended April 1 was no joke at the Toronto Stock Exchange, where the Bre-X Minerals bomb of the previous week turned…
STOCK MARKETS — Bre-X’s collapse has domino effect on VSE juniors — Western markets may take months to recover as investors bail out of penny mining stocks
The ongoing confusion over Bre-X Minerals took its toll on almost all mining stocks on the Vancouver Stock Exchange during the report period ended April 1. The VSE’s composite index lost 121.82 points…
TSE INDICES (April 07, 1997)
1997Apr. 1Mar. 31Mar. 28Mar. 27Mar. 26HighLowComp…
Adikann drill-tests gold property in Ghana
Junior Adikann Goldfields (ADK-V) reports encouraging results from drilling carried out on two portions of its Westbank concession in southwestern Ghana.* On the Treposo portion, six holes were drille…
Gold production steady at Limon
At the Limon gold mine in Nicaragua, Triton Mining (TTM-T) produced 3,675 oz. during the month of February, bringing the year’s total to date to about 7,690 oz.The cash cost for the month remained at …
Cons. Shoshoni expands holdings at Finlayson Lake
In the Finlayson Lake area of the Yukon, Consolidated Shoshoni Gold (CHJ-V) has acquired two new claim blocks.The AU claims adjoin to the east the Ice property of Expatriate Resources (EXR-V), where a…
Placer breaks pact with Gowest
Vancouver-based Placer Dome (PDG-T) has backed out of a deal with Gowest Amalgamated Resources (GWA-A) to acquire a stake in the McAlpine Lake gold property in northeastern Ontario.The property lies o…