Richmont ups Francoeur reserves
Underground exploration has expanded reserves at the Francoeur gold mine in northwestern Quebec.Mine owner Richmont Mines (RIC-T) says the $1.05-million drifting and drilling program added 276,000 ton…
News
Dayton Mining nixes merger with Pegasus Gold
Pegasus Gold (PGU-T) has been rebuffed following its US$390-million proposal to merge with Vancouver-based Dayton Mining (DAY-T).Dayton management, which controls 20% of the company’s stock, supported…
COMMENTARY — Policy-makers learn the ropes
Colleen Beaumier of Brampton, Ont., is a Liberal member of parliament and a member of the Standing Committee on Foreign Affairs and International Trade.She has written the following article at the req…
LETTER TO THE EDITOR — Geologist cites value of past work
I want to correct a quote attributed to myself in the article “Goldcorp’s fortune tied to Red Lake mine” (T.N.M., Sept. 23/96).I did not say, “It’s not that earlier geologists were stupid or went to t…
THE DIAMOND PAGE — Mountain Prov. aims to raise $15m
Diamond explorer Mountain Province Mining (MPV-V) expects to raise up to $15 million through a private placement of just over 3 million special warrants priced at $4.90 each.A special warrant will be …
THE DIAMOND PAGE — Guardian successful in Wyoming
Using grease tables to process screened alluvial gravels from its claims in southwestern Wyoming, Guardian Enterprises (GUD-V) has recovered 40 diamonds with a total parcel weight of 2.3 carats.The st…
THE DIAMOND PAGE — Australian junior searches for gems
At the Blina alluvial diamond project in Western Australia, Kimberley Diamond (KDC-V) has recovered 14 diamonds weighing a total of 6.3 carats.The diamonds were taken from 9 tonnes of heavy concentrat…
THE DIAMOND PAGE — SouthernEra joins alluvial miners in Angola
Toronto-based SouthernEra Resources (SUF-T) will begin mining diamonds in Angola following an agreement to participate in several alluvial operations in the African country.Under an arrangement with S…
THE DIAMOND PAGE — Ashton pulls more diamonds from Aquila
Further testing of the recently discovered Aquila kimberlite fissure system on the Roundrock property in the Northwest Territories has yielded 10 additional diamonds, including three macros.Ashton Min…
MOST ACTIVE ISSUES, Sept. 25-Oct. 1
ExchgVol(000s)CloseChandeleur BayV105360.62Winspear ResV…
GREATEST VALUE TRADED, Sept. 25-Oct. 1
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
STOCK MARKETS — TSE rises as mining stocks fall
The Toronto Stock Exchange continued its record-setting pace in the period Sept. 25-Oct. 1, with the TSE 300 index closing at 5,329.55, up 26.89 points, or 0.6%, from the previous week. The average da…