Greatest Value Traded, April 9-15
ExchgValue($000s)HighLowCloseChangeInco LtdT11885…
1997
LETTER TO THE EDITOR — The search for mines remains a risky venture
Your recent editorial, “The Bitter Taste of Humble Pie” (T.N.M., April 14/97), was far more contrite than present circumstances warrant. A bad situation has been made far worse, not by the more constr…
Cathedral puts Sterling gold mine on hiatus
Low levels of minable oxide reserves and the current gold price have induced Cathedral Gold (CAT-T) to suspend mining at its 90%-owned Sterling gold mine near Beatty, Nev.The remaining 10% interest is…
STOCK MARKETS — Toronto composite index on the mend as gold jitters continue — Some base metals gain momentum lost in previous weeks
The Toronto Stock Exchange 300 composite index took a nose-dive during the report period ended April 16, dropping 77.46 points (or 1.3%) to 5,743.55.However, a jump of 64.22 points in trading on April…
Caledonia secures partner for Kikerk — BHP completes till-sampling program at Dunvegan
Caledonia Mining (CAL-T) has optioned half of its wholly owned Kikerk diamond property to Portree.To earn a half interest, Portree has agreed to spend $1 million exploring the property, which is in th…
Channel, Solomon report Bombore assays
Encouraging results are reported from 42 reverse-circulation holes drilled on the Bombore joint-Venture gold project in Burkina Faso, West Africa.Channel Resources (CHU-V) has a 90% interest in the Bo…
PEOPLE — WHISKEY CREEK (April 21, 1997)
J. Lawrence appointed director.
LME WAREHOUSE LEVELS (April 21, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 14/97 (change from previous week in brackets):Aluminium835,175(-9,400)Copper155,775(-11,350)Lead107,925(+50)Nickel51,0…
ODDS `N’ SODS — The hour of the wolf
Many of us have recurring dreams, but some are such that they will stay with us forever. Such is my dream of the wolf.In 1964, a partner and I spent most of the summer conducting reconnaissance geolog…
EDITORIAL & OPINION — New task force long overdue — The need for guidelines
The Toronto Stock Exchange and the Ontario Securities Commission are forming a task force to examine the need to set standards for mining and exploration companies. Consideration will be given to how …
Long-Term copper consumption to rise
Copper consumption is on the rise worldwide and could top 18 million tonnes by 2010, according to a study released by CRU International, a London-based firm of metals analysts.Use of the metal in cons…
Production of most base metals down in January
Canadian production rates of primary nickel, silver, primary zinc, iron ore and salt increased in January 1997 over levels recorded in the same period of the previous year.However, output of gold, cop…