1997

The Vancouver Stock Exchange composite index managed to rise 16.12 points to close at 1178.39 over the report period Dec. 30-Jan. 7, despite dropping 19.35 points from the resource index, which finish…

Believing there is potential to double the current resource of 220,000 contained ounces, Energold Mining (EGD-V) has embarked on a minimum 50-hole drill program on the Higo gold concession in the Domi…

George Plewes appointed director.

Coeur d’Alene Mines (CDE-N) and Australian-listed Sons of Gwalia are selling the Indonesian asset of Gasgoyne Gold Mines, an Australian-based company they are in the process of acquiring.Gasgoyne will…

Australia and Brazil are expected to remain the dominant exporters of iron ore, according to a report conducted by Sydney, Australia-based AME Mineral Economics.The study estimates operating costs for…

Coal may not be the most glamorous commodity mined in North America, but, in some parts of this continent, it is the most valuable.British Columbia is a case in point. The province’s existing coal ope…

Gold Funds as of January 2, 1997BGRCentralNet Value$22.29$6.13Price$16.20…

ExchgVol(000s)CloseMaymac ExpV87910.27TVX Gold IncT…

In South Africa, Botswana Diamondfields (BWD-V) is cleaning up after a mud slide that killed 20 people at its Rovic diamond mine in late November.The Vancouver-based company has launched a recovery pr…

Infill drilling by Kinross Gold (K-T) on the Main zone of the Goldbanks project, near Winnemucca, Nev., indicates a substantially larger gold resource than previously estimated.The new figure, estimat…

A host of new discoveries and mine openings contributed to the overall strength of the American mining industry, and the sector appears poised to remain highly active throughout 1997.While Nevada rema…

Wednesday, January 8, 1997Price (US)Week’s ChangeGold*$355.80- $13.80Silver*$ 4.66…