Local authorities foreclose on Kerr
McGarry Twp. in eastern Ontario has foreclosed on the Kerr gold mine because owner AJ Perron Gold failed to pay more than $2 million in back taxes.In late February, local authorities held an auction d…
News
Indochina boosts private placement
The private placement announced by Indochina Goldfields (ING-T) in February has risen to $90 million, following an increase in the number of $18 units to 5 million from 3.5 million.When the placement …
Noranda consortium eyes Zambian mines
Consortiums have started to coalesce among the qualified bidders for the assets of Zambia Consolidated Copper Mines (ZCCM), the mining company in which the Zambian government holds a 60.3% interest.Th…
OBITUARY — Raymond Collin
Raymond Collin, a prolific prospector from northern Ontario, has died. He was 52.A native of Timmins, Ont., Collin’s prospecting career began when he was still a teenager. Over his 35-year career, he …
Omni extends zone at Goddell
Underground drilling by Omni Resources (ORI-V) at the Goddell Shear project in the Mount Skukum area of southern Yukon intersected a significant interval of gold mineralization in an unexplored sectio…
Panorama pins hopes on tailings recovery
An eerie silence prevails over the mills and monstrous open pits at the Kambove and Kakanda mining areas — an indication that Zaire, once a powerful player in the copper market and the world’s leadin…
EXPLORATION 1997 — Closure permit sought for Komis mine
Waddy Lake Resources, a wholly owned unit of Golden Rule Resources (GNU-T), will apply for a temporary closure permit for the Komis gold mine in Saskatchewan.Operations were suspended earlier this yea…
EXPLORATION 1997 — Asquith funds Roandji program
A $4.8-million financing will enable Asquith Resources (ASQH-C) to continue to explore its Roandji gold property in the Central African Republic.A drill program is already testing the Agoudou Manga ta…
EXPLORATION 1997 — Vauquelin to explore for gold in Madagascar
Montreal-based Vauquelin Mines (VAQ.A-M) will soon be exploring for gold in Madagascar.Situated in the Indian Ocean, 430 km off the coast of Mozambique in southeastern Africa, Madagascar is the world’…
MOST ACTIVE ISSUES, Feb. 26-Mar. 4
ExchgVol(000s)CloseQueenstakeT107753.70Placer DomeT…
THE DIAMOND PAGE — Rex takes 9-month loss on the chin
With production delayed by development work at its three South African diamond mines, Toronto-based Rex Diamond Mining (RXD-T) suffered a loss of US$200,000 for the nine months ended Dec. 31, 1996, co…
Spot prices at a glance (March 10, 1997)
Wednesday, March 5, 1997Price (US)Week’s ChangeGold*$355.75+ $1.90Silver*$ 5.34…