Dia Met Minerals (DMM-T) is forming a joint venture in Venezuela to look for the hard rock source of diamonds on an alluvial property there.The Kelowna, B.C.-based company will join forces with the Ve…
By April, Sonora Gold (SON-T) expects to have reached design capacity at the Klipdam diamond mine in the Kimberley-Barkly West area of South Africa.Once this is achieved, the mine is expected to produ…
1997Feb 25Feb 24Feb 21Feb 20Feb 19HighLowComposit…
Further valuations have boosted the carat value of diamonds from the A-154 South pipe at the Diavik project in the Lac de Gras region of the Northwest Territories.Ownership of the project is split 60-…
Short positions outstanding at February 15, 1997Larger individual positions included: Barrick Gold 10,628,093, down 342,686; Agnico-Eagle 256,368, down 93,924; AJ Perron Gold 376,400; Algoma Steel 471…
A tailings spill at the Marcopper copper mine in the Philippines continued to haunt Placer Dome (PDG-T) in 1996, contributing to a loss of US$65 million (or 27 cents per share).By comparison, the comp…
Northern Orion (NNO-T) has announced a new resource estimate for its Campana Mahuida copper-gold deposit in western Argentina.Based on 107 drill holes and a cutoff grade of 0.25% copper, the geologic …
In north-central Mexico, Western Copper Holdings (WTC-T) has entered into a preliminary agreement to option seven properties comprising 180,000 ha.Situated in Zacatecas state, the properties are held …
Higher sales volumes in 1996 offset lower commodity prices and enabled Sherritt International (S-T) to post revenue and earnings similar to those achieved in 1995.Revenue of $199.2 million and operati…
Low silver prices took their toll on Sunshine Mining & Refining (SSC-N), which posted a net loss of US$24.8 million in 1996, compared with a net loss of US$15.4 million in the previous year.On a brigh…
The past quarter was a positive one for newly diversified Mazarin Mining (MAZ-T), though earnings were not as high as in the corresponding period of the previous fiscal year.For the three months ended…
The Bulyanhulu gold deposit in northwestern Tanzania is now estimated to exceed 5 million oz. — an increase of almost 1.6 million oz. over the previous calculation.In light of this sizable increase, …
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