A 37.8-carat diamond has been recovered from a small stream that drains five magnetic targets on Canabrava Diamond’s (CNB-V) joint-ventured Quintinos property in eastern Brazil.The targets form part o…
Short positions outstanding at March 15, 1997Larger individual positions included: Barrick Gold 11,043,672, down 561,749; Agnico-Eagle 224,166; AJ Perron Gold 376,400; Antares Mining & Exploration 215…
The Vancouver Stock Exchange composite index continued its downward trend over the report period ended March 25, dragging many mining issues with it.The index lost 60 points to finish at 1,265.7. The …
London Metal ExchangeMidday bid-ask prices in $US per tonneDateMar. 25Mar. 24Mar. 21Mar. 20Mar. 19…
Eastfield Resources (ETF-V) plans to spin off its Canadian properties into a new company.Under the plan, shareholders will exchange one Eastfield share for one New Eastfield share and one share in the…
Whitehorse, Y.T.-based BYG Natural Resources (BYG-T) plans to acquire a controlling position in Vancouver-based YGC Resources (YGC-V) for $2.3 million.The deal would see BYG acquire Wheaton River Mine…
Doing business in foreign countries has placed some North American mining companies face-to-face with the problem of how to secure promising projects without taking part in the corrupt business practi…
DiamondWorks (DMW-V) has begun mining alluvial diamonds at its Luo project in Angola, following the commissioning of a 120-tonne-per-hour floating dredge.The dredge, airlifted in from South Africa, be…
The Rooiberg alluvial diamond project of Redaurum (RRK-T) is on its way to minehood.The company has applied to the South African government for a licence to develop its 4,300-ha Rooiberg property, whe…
Consolidated Valley Ventures (CVL-V) has changed its name to CVL Resources (CVL-V).
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.17/97 (change from previous week in brackets):Aluminium891,825(+14,150)Copper197,450(-8,075)Lead108,225(-850)Nickel46,54…
Gold Funds as of March 13, 1997BGRCentralNet Value$23.34$6.15Price$17.90$…
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