TORONTO STOCK EXCHANGE INDICES (May 26, 1997)
1997May 20May 19May 16May 15May 14HighLowComposit…
News
Flooding hampers development at Caribou
An inflow of water has temporarily halted development work at the Caribou polymetallic mine in New Brunswick.Breakwater Resources (BWR-T) reports that water entered the former producer from a nearby o…
PRODUCER AND DEALER PRICES (May 26, 1997)
Aluminium: LME settlements US$1,621 per tonne, alloy $1,475 per tonne (May 20/97).Antimony: Composite free market, US$2,220 per tonne (May 20/97).Bismuth: Composite free market US$3.30 per lb. (May 20…
Greenstone confirms gold at Crimea project
Definition drilling by Toronto-based Greenstone Resources (GRE-T) has confirmed the existence of a significant gold find at the Crimea prospect within the company’s wholly owned Libertad concession in…
Cambior exercises option at La Granja — Reports $3.1-Million profit for first quarter
Montreal-based Cambior (CBJ-T) is exercising its option to acquire the Peruvian copper deposit known as La Granja.In accordance with the 1994 option agreement with state-owned Minera Peru, Cambior has…
Wheaton to resume mining at Golden Bear — Hedging program clears a path
The completion of a hedging program has paved the way for Wheaton River Minerals (WRM-T) to blast the first round in the pit at the Golden Bear gold mine, in northwestern British Columbia.The junior, …
MSV options Corner Bay project
Montreal-based MSV Resources (MSV-T) is entering into an option agreement with Toronto-based Sikaman Gold Resources (SKG-T) for a 50% interest in MSV’s Corner Bay copper project, situated 56 km south …
ASIAN EXPLORATION — KWG develops gold mine in Russia’s far east — Production at Ametistovoe epithermal system slated for September
Montreal-based KWG Resources (KWG-T) plans to pour its first dore bar this September from its newly acquired Ametistovoe gold mine, now under development in the Kamchatka Peninsula of far eastern Russ…
PEOPLE — PACIFIC RIM (May 19, 1997)
Thomas Shrake appointed chief executive officer.
PEOPLE — ORO BELLE — James Kelly and Michael Halvorson appointed directors.
PEOPLE — NEW BULLET
Stewart Behune, James MacIntyre and Jeffrey Lightfoot elected directors.
PEOPLE — MINESTAR
Daniel Lescamela appointed president and chief executive officer; Jon Stewart appointed chief operating officer; and J. McBride appointed director.