PRODUCER AND DEALER PRICES (November 10, 1997)
Aluminium: LME settlements US$1,585, alloy US$1,475 per tonne (Nov. 4/97).Antimony: Composite free market, US$1,820 per tonne (Nov. 4/97).Bismuth: Composite free market US$3.40 per lb. (Nov. 4/97).Cad…
News
Phoenix picks up Borealis
Golden Phoenix Minerals (GPXM-O) has acquired the Borealis mine project in eastern Nevada.The company paid 225,000 shares to the owner, J.D. Welsh & Associates, in lieu of the previously agreed upon f…
Inmet Mining sells Troilus gold mine — Homestake, Prime pick up property for US$110 million
In what appears to be another move to dispose of poorly performing assets, Inmet Mining (IMN-T) has sold its Troilus gold mine in north-central Quebec.The buyers are the Homestake Canada unit of Homes…
KWG confirms deposit in Haiti
Drilling by KWG Resources (KWG-T) at the Grand Bois gold deposit in northern Haiti has produced results similar to those obtained through work performed by the United Nations Development Program from …
Aurizon Mines eyes Casa Berardi gold project in Quebec
Vancouver-based Aurizon Mines (ARZ-T) has signed a letter-of-intent with TVX Gold (TVX-T) and Golden Knight Resources (GKR-T) to acquire the suspended Casa Berardi underground gold mine in northwester…
High grades extend Tabakoto
Nevsun Resources (NSU-T) intersected several high-grade, steeply dipping pods of gold mineralization while drill-testing the downdip extension of the Tabakoto project in Mali, West Africa.The 50-hole,…
INSIDER TRADING — Sinclairs sell more Sutton shares
Insider trading reports issued by the Ontario Securities Commission (OSC) show that James and Barbara Sinclair, each of whom held more than 10% of the outstanding shares of Sutton Resources (STT-V), w…
FACTS ‘N’ FIGURES — Exploration spending on rise
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 takes shine to Brazilian base metals
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 (…
MOST ACTIVE ISSUES, Oct. 29-Nov. 4
ExchgVol(000s)Close.ZSTuscany ResA92870.36Inmet MiningT…
Drilling confirms Tres Cruces gold
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…
EDITORIAL — Remembering the alma mater — Giving it back
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…