1997

The Mining Association of Canada (MAC) reports that 31 of its member companies have reduced their emissions of 12 major substances by 68% since 1988.These reductions are close to the 71% target origin…

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…

Two Denver-based companies — Dakota Mining (DKT-X) and USMX (USMX-Q) — are expected to merge.Under an agreement-in-principle, shareholders of USMX will receive one share of Dakota for every 1.1 shar…

Australian-based Highlands Gold has struck a US$250-million deal with Placer Dome (PDG-T) to sell its 25% interest in the massive Porgera gold mine in Papua New Guinea.Highlands, formed under Papua Ne…

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

With decreased gold production from its Ivory Coast operations, Toronto-based Eden Roc Mineral (EDN-T) suffered a loss of $3.7 million for the 9-month period ended Sept. 30, 1996. For the same period …

The Toronto Stock Exchange rose fractionally during the trading period Dec.30-Jan. 7, though gold issues dived as precious metal prices fell drastically. The TSE 300 composite index rose 44.26 points …

The production of wollastonite has doubled over the past decade, and demand is likely to grow, according to a report released by a London-based firm of mineral market analysts.Roskill Information Serv…