News

Unstoppable flooding has drowned the future of the Potacan potash mine near Sussex, N.B.Water that is believed to have originated in a vast underground reservoir began to seep into the mine in June. C…

Partners Placer Dome (PDG-T) and Etruscan Resources (EET-T) have modified their agreement pertaining to the latter’s Tiawa gold concession in western Niger.Placer can now earn a 51% interest in the en…

Kennecott Canada, a unit of Rio Tinto (RTP-N), has taken the financial steps necessary to maintain its 17% interest in diamond explorer SouthernEra Resources (SUF-T).Kennecott has taken up 173,670 uni…

Drilling by Ashton Mining of Canada (ACA-T) has identified yet another kimberlite body at the Buffalo Hills project in north-central Alberta.The discovery brings to 17 the number of kimberlites found …

The proposed sale of First Dynasty Mines’ (FDM-T) wholly owned subsidiary, New Millennium Mining, to junior producer Cornucopia Resources (CNP-T) has been terminated.Both parties concluded that the tr…

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Imperial Metals (IPM-T) has completed 8,000 metres of drilling in search of additional mineralization at the Silvertip massive sulphide project in northern British Columbia.The property, formerly know…

October ended in volatility, as trading activity reached a 7-month high.The Vancouver Stock Exchange composite index closed at 775.11, down 6% from September and down 32% from October 1996. The mining…

Wednesday, November 5, 1997Price (US)Week’s ChangeGold*$314.60+ $0.90Silver*$ 4.85…

The government of China has issued a business licence to the Yingezhuang gold mining company — a 50-50 joint venture between Asia Minerals (AMP-A) and state-owned Zhaoyuan Gold.The licence will enabl…

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Shareholders of Monarch Resources (MRE-T) have voted against the proposed sale of La Camorra gold mine to Bolivar Goldfields (BVG-T).Monarch backed out of selling the Venezuelan mine when the sharehol…