Toronto Stock Exchange Indices (May 05, 1997)
1997Apr 29Apr 28Apr 25Apr 24Apr 23HighLowComposit…
1997
METAL PRICES — DAILY METAL PRICES (May 05, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApr. 29Apr. 28Apr. 25Apr. 24A…
Battle Mountain hits gold on Birim’s Dunkwa property
Battle Mountain Canada (BMC-T) has recovered encouraging gold intersections from the Opon prospect, part of the 230-sq.-km Dunkwa property of Birim Goldfields (BGI-T) in the Ashanti gold belt of Ghana…
Moneta, Barrick hit more gold
Drilling on the Michaud gold property, east of Timmins, Ont., continues to return positive results for partners Moneta Porcupine Mines (me-t) and Barrick Gold (abx-t).Recently, in the central block of…
STOCK MARKET — Toronto composite index recovers strength as index rises — Base metals fare well; signs of life on the Bre-X Minerals front
Rebounding from a 2-week slump, the Toronto Stock Exchange 300 composite index gained a healthy 111.82 points (or 1.9%) over the report period ended April 22 to close at 5,855.37. Due in part to the w…
Royal Oak explores in Fiji
Washington state-based Royal Oak Mines (ryo-t) is headed to Fiji to explore for copper and gold.The mid-tier gold producer struck a deal with Placer Pacific Namosi to acquire the Namosi project, which…
EDITORIAL & OPINION — Busang’s casting call — Coming attraction
It is part of the human condition to seek comic relief when matters become too serious, which might explain the outbreak of black humor on Bay Street as investors in Bre-X Minerals await the results o…
Flooding, claims, taxes boost cost of Alumbrera — Rio Algom still predicts startup in third quarter
The cost of the Bajo de la Alumbrera copper-gold project in Argentina has surged to nearly $200 million as a result of record rainfall and additional expenses.The mine is still slated to open ahead of…
Madison hits high-grade gold
Drilling by Madison Enterprises (mad-v) at its Mt. Kare property in Papua New Guinea has returned high-grade mineralization.A 4.5-metre intersection from hole 5 — part of an 11-hole, 1,663.5-metre di…
Platinova considers reopening mine
Greenland-based Platinova (pas, pva.s-t) is evaluating the feasibility of mining pillars from the abandoned Black Angel zinc-lead-silver mine on that country’s western coast.From 1973 until its closur…
Queenston and Franco-Nevada take aim at Kirkland Lake prospect
Partners Queenston Mining (qmi-t) and Franco-Nevada Mining (fn-t) have announced the discovery of two new gold zones following a first phase of drilling at the McBean and Anoki gold deposits, east of …
LETTER TO THE EDITOR — Less regulation and more professionalism
It is with amazement and wry amusement that one hears and reads about the ever-changing, convoluted events surrounding the Busang project in Indonesia.Particularly amusing are the recent Toronto gathe…