News

Quebec City-based Virginia Gold Mines (VIA-M) has discovered a new zone of gold mineralization at its Auclair property, in the James Bay area of northern Quebec.The zone is hosted in iron formation an…

Gold resources at the Andacollo mine in Chile increased by 30% in 1996, compared with the previous year’s figures.The mine, owned by Dayton Mining (DAY-T), was calculated as hosting 130 million tonnes…

Toronto-based Campbell Resources (CCH-T) produced a record 124,800 oz. gold in 1996, representing a 4% increase over 1995.From the Joe Mann gold-copper mine in Quebec, Campbell extracted 70,400 oz.gol…

Minco Mining & Minerals (MMM-V) will earn an undisclosed interest in the Gala gold mine in central China.The mine, which has been in production since 1993, is about 15 km from the city of Ganzi in Sic…

A consortium consisting of Falconbridge (FL-T) and South African giants Gencor and Anglo American has gained the exclusive right to conduct a feasibility study on the Konkola copper project in north-c…

A share transaction valued at $3 million will allow Sahelian Goldfields (SHGI-C) to acquire rights to the Poura gold mine in Burkina Faso, West Africa.The Toronto-based junior plans to acquire a 90% i…

Sales of potash from Saskatchewan in 1996 broke the 7-million-tonne mark for the third straight year, according to that province’s Department of Energy and Mines.Last year, potash sales reached 7.04 m…

China will attempt to attract foreign investment to its mining sector by hosting an international mining exposition.The event, to be held April 23-25 in Shenzhen near Hong Kong, comes on the heels of …

The Toronto Stock Exchange suffered a modest loss of 18.49 points, or 0.3%, over the report period ended Feb. 11, to close at 6,126.92.Trading volumes soared Feb. 5 when 130 million shares crossed the…

ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…

1997Feb 11Feb 10Feb 7Feb 6Feb 5HighLowComposite”3…

Wednesday, February 12, 1997Price (US)Week’s ChangeGold*$336.90- $6.25Silver*$ 4.8…