1997

Exploration expenditures for nonferrous metals have increased for the fourth year in a row, according to a study released by Metals Economics Group (MEG).The mining research firm reports that total wo…

Noranda (NOR-T) will earn a 70% interest in the Aripuana base metals project in Brazil’s Mato Grosso state from juniors Ambrex Mining (AMBX-C), Ourominas Minerals (OMI-T) and St. Genevieve Resources (…

ExchgVol(000s)Close.ZSTuscany ResA92870.36Inmet MiningT…

Ongoing diamond drilling by Oroperu Resources (OROP-C) and joint-venture partner Pan American Silver (PAA-T) continues to confirm the presence of gold mineralization at the Tres Cruces project in nort…

The University of Toronto has produced some of the world’s top geologists and mining executives, and many of these former students have gone to make names for themselves in the highly competitive mini…

Westmin Resources (WMI-T) is acquiring the right to earn a 51% interest in the Vizcachitas copper porphyry project in central Chile.The vendor, Denver-based General Minerals (gnm-t), will receive US$1…

Echo Bay Mines (ECO-T) took a writedown of US$309.8 million for the third quarter, resulting in a net loss of US$327.5 million (or $2.36 per share).Not including the restructuring charge, the loss amo…

Ashanti Goldfields (ASL-N) has hit high-grade gold intersections at its Obuasi open-pit mine in the Ashanti region of south-central Ghana.Diamond drilling from underground encountered a 21-metre inter…

The Toronto Stock Exchange jumped off the roller-coaster this past week in favor of the calmer ups and downs of the merry-go-round.Over the report period ending Nov. 4, the TSE 300 composite index was…

This is a time when Canadians should be considering and encouraging the startup of new mines across Canada, and time is of the essence.For too long, governments and communities have complacently accep…

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov.3/97 (change from previous week in brackets):MetalStock(tonnes)Change…