SPOT PRICES (November 03, 1997)
Wednesday, October 29, 1997Price (US)Week’s ChangeGold*$313.70- $9.00Silver*$ 4.79…
1997
TORONTO STOCK EXCHANGE INDICES (November 03, 1997)
1997Oct.28Oct. 27Oct. 24Oct. 23Oct. 22HighLowComp…
TSE SHORTS POSITIONS (November 03, 1997)
Short positions outstanding at October 15, 1997Larger individual positions include: Barrick Gold 10,920,447, up 55,992; Beau Canada Exploration 1,000, down 186,219; Bema Gold 4,695,448, down 60,400; C…
COMMENTARY — Reforesting Brazilian mine sites
As part of a commitment to sustainable development, Mineracao Rio do Norte (MRN) and Alcan Aluminio do Brasil are participating in a renewal project in the Brazilian Amazon.The Trombetas bauxite mine …
Seahawk hits gold in Guyana
Seahawk Minerals (SKM-V) is encouraged by the first round of drilling at its Blackwater gold property in Guyana.The company has drilled 12 angle holes, spanning 1,500 metres, on the Macedonia Creek an…
Troymin reports Yukon find
Troymin Resources (TYR-M) has encountered significant values of gold, silver and base metals at its joint-ventured Prospector Mountain property, 240 km northwest of Whitehorse, Y.T.The Calgary-based c…
Echo Bay says no-no to Kingking
Echo Bay Mines (ECO-T) has decided to not proceed with the acquisition of a 75% interest in the Kingking copper-gold porphyry deposit in the Philippines from Benguet (BE-N).Echo Bay and its 25% partne…
Seahawk in Brazil
Seahawk Minerals (SKM-V) has signed agreements with two Brazilian companies to acquire two gold properties in the South American country.The first property consists of three concessions — Lavras, Pal…
Normandy profit jumps
Australian-based major Normandy Mining saw its net profit jump by more than half this past quarter.In the three months ended Sept. 30, Normandy recorded a consolidated net profit of US$32.1 million (u…
MacDonald launches golden takeover
MacDonald Mines (MMP.A-A) has signed an agreement with Mill City Gold Mining (MIV-V) to acquire the latter’s 46.5% controlling interest in Golden Hill Mining (GHMC-C).For each share owned by Mill City…
PRODUCER AND DEALER PRICES (November 03, 1997)
Aluminium: LME settlements US$1,535, alloy US$1,405 per tonne (Oct. 28/97).Antimony: Composite free market, US$1,900 per tonne (Oct. 28/97).Bismuth: Composite free market US$3.40 per lb. (Oct. 28/97)….
Meetings (November 03, 1997)
MEETINGSNov. 3, Red Fox Nov. 7, New Goldcore Nov. 7, Newfields Nov. 7, Slocan Rambler Nov. 9, Sirios Nov. 10, Conquistador Nov. 10, Continental Precious Nov. 12, Argentina Gold Nov. 12, Coleville Nov….