DIAMOND PAGE — Spider targets near Wawa
Partners Spider Resources (SPQ-A) and KWG Resources (KWG-T) report that 231 diamonds were recovered from eight separate outcrops at their Wawa diamond project in Ontario.Of this total, 37 stones were …
1997
GOLD FUNDS (November 17, 1997)
Gold Funds as of November 6, 1997BGRCentralNet Value$17.01$5.66Price$12.00…
STOCK MARKETS — TSE slides back as global worries continue — Mining stocks outpace broad market in race for the bottom
The Toronto Stock Exchange chalked up five losing sessions in a row between Nov. 5 and Nov. 11, finishing a dismal stretch at 6,786.52 points, about 2% lower for the trading period. Volumes were moder…
PRODUCER AND DEALER PRICES (November 17, 1997)
Aluminium: LME settlements US$1,614, alloy US$1,485 per tonne (Nov. 11/97).Antimony: Recent physical trades US$1,830-1,850 per tonne (Nov. 11/97).Bismuth: Composite free market US$3.40 per lb. (Nov. 1…
Banro extends depth of Twangiza
Banro Resource (BNRS-C) has cut a 313-metre intersection of gold mineralization at its Twangiza project in the Democratic Republic of Congo.Highlights from the first hole reported include the followin…
INVESTMENT COMMENTARY — Lluvia de Oro adds upside to Santa Cruz
Mining analysts love turnaround stories, as do many investors who hope to catch companies on the rebound from the rocky transition from exploration to production. One recent example is Santa Cruz Gold…
Diverse portfolio keeps Placer busy — Major is on track to produce 2.4 million oz. in ’97
Despite significantly lower gold prices, Placer Dome (PDG-T) continued to achieve positive results during the third quarter.The major earned US$11 million (or 3 cents per share) on sales revenue of US…
Cyprus gives go-ahead for Cerro Negro
Cyprus Amax Minerals (CYM-N) will proceed with the development of the Cerro Negro copper project, adjacent to its Cerro Verde copper mine in southern Peru.The projected cost of developing Cerro Negro,…
Bolivar takes on Monarch in legal fight
Bolivar Goldfields (BVG-T) has filed a notice of action in an Ontario court against Monarch Resources (MRE-T) in an attempt to hold the latter to its agreement to sell its Venezuelan assets.Among thos…
South Pacific forms JV with Teck, MM
Teck (TEK-T) and Australian-based MM Gold, a subsidiary of Meekathara Minerals, will join forces with South Pacific Resources (SHF-A) to explore two gold projects in Kalimantan, Indonesia.South Pacifi…
Ivanhoe wins bid for Chambishi mine
Privately owned Ivanhoe Capital has been awarded a contract to reopen the Chambishi copper mine in Zambia.The company will become the joint-venture partner of Zambia Consolidated Copper Mines (ZCCM), …
DIAMOND PAGE — Treatment plant nears completion at Klipspringer
Design work on the 100-tonne-per-day kimberlite treatment plant on the Klipspringer project in South Africa’s Northern Transvaal Procince is well-advanced and on track for completion in early December…