GREATEST VALUE TRADED, Feb. 12-18
ExchgValue($000s)CloseBre-X MnrlsT62502620.80Barrick GoldT…
News
COMMENTARY — Cobalt demand to rise
World demand for cobalt could increase to about 28,000 tonnes per year in 2000, up from 23,500 tonnes in 1995. This demand should remain stable, and could increase further if the price of cobalt remai…
ODDS’N’SODS — Wild goose chase
Ontario’s Red Lake gold camp was booming in 1936.No fewer than 12 new mine shafts were being sunk that year, causing the town’s population to double within a short period. At the time, Placer Dome’s C…
THE DIAMOND PAGE — Partners find more kimberlites at Buffalo Hills
Diamond-hunters Ashton Mining of Canada (ACA-T) and Pure Gold Resources (PUG-T) have discovered two new kimberlites in the Buffalo Hills area of north-central Alberta, bringing to seven the number fou…
Prospectors Alliance sizes up Alder Pond base metal property
Diamond drilling by Prospectors Alliance (PALL-C) continues to generate positive results from the Alder Pond base metal property in northern Maine.A drill program is delineating the flat-lying, northe…
Spot prices at a glance (February 24, 1997)
Wednesday, February 19, 1997Price (US)Week’s ChangeGold*$346.10+ $9.20Silver*$ 5.2…
Uranium Resources boosts earnings
The improved uranium market enabled Uranium Resources (URIX-Q) to report net earnings of US$262,000 for its 1996 fourth quarter, compared with a loss of US$41,000 for the same period a year earlier.Th…
STOCK MARKETS — Rise in gold price bolsters TSE
Spurred on by an almost continuous rise in gold prices, the Toronto Stock Exchange’s composite 300 index hit several new highs during the trading period Feb. 12-18, rising 1.8% from the previous week …
Toronto Stock Exchange Indices (February 24, 1997)
1997Feb 18Feb 17Feb 14Feb 13Feb 12HighLowComposit…
Corriente finances Peruvian programs
Corriente Resources (CTQ-T) will use proceeds from a $20-million brokered private placement to fund exploration in Peru and Argentina.The company closed a private placement of 1.5 million special warr…
Loubel cuts more copper at Queylus
Junior Loubel Exploration (LBX-M) has drilled a new copper intersection on its Queylus property near Chibougamau, Que.Hole 5, drilled over a 3-km-long induced-polarization conductor inside a granitic …
Arian completes engineering studies for Julietta
Having completed first-phase engineering studies, Arian Resources (ARA.U-T) is moving forward with plans to build a mine and associated infrastructure at the Julietta property in the Madagan region of…