Cominco approves smelter expansion
Vancouver-based Cominco (CLT-T) has approved a US$300-million expansion program at its Cajamarquilla zinc refinery near Lima, Peru.The expansion, expected to be completed by the first quarter of 2000,…
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TORONTO STOCK EXCHANGE INDICES (October 13, 1997)
-1997-Oct. 7Oct. 6Oct. 3Oct. 2Oct. 1HighLowCompos…
New zone expands resource at Francoeur
A new gold zone discovered by Richmont Mines (RIC-T) at its Francoeur mine, west of Rouyn-Noranda, Que., promises to add significantly to reserves.The new No. 7 zone, a steeply dipping structure that …
OBITUARY — Andrew Nick’ Carter
Andrew Carter, a veteran of numerous Canadian mining projects, has died. He was 88.Carter graduated from the University of Toronto in 1934 with a degree in mining engineering. He then joined the Littl…
Relationship of miners, natives examined — Whitehorse conference to address negotiations, existing deals
A conference examining the relationship between mining companies and aboriginal groups will be held Nov. 20-21 at the Westmark Hotel in Whitehorse, Y.T.The conference, entitled “Making the Grade: The …
EDITORIAL — Diamonds are everyone’s friend — From one to sixty, in six
Six or seven years ago, there was no Canadian diamond sector. Today, brokers and analysts are following the activities of numerous companies exploring for and developing diamond deposits across the la…
Mirandor finds more gold in Nevada
Preliminary drilling by Mirandor Exploration (MIQ-M) has uncovered three new gold zones on its Railroad property in Nevada’s Carlin trend.Dubbed Bunker Hill, LT East and Elliot High Ranch, the zones r…
Brazilian achieves producer status with Santa Maria mine acquisition
Through a deal with a private owner, Brazilian Resources (BZIN-C) has acquired a majority interest in the producing Santa Maria open-pit, heap-leach gold mine in Brazil.Brazilian recently signed a 3-y…
DIAMOND BRIEFS — Greenland project targets magnetic anomalies
A joint venture consisting of Canadian Mountain Minerals (CYM-A), Dia Met Minerals (DMM-T) and Australian-based Quadrant Resources has detected more than 100 circular magnetic anomalies on diamond cla…
DIAMOND BRIEFS — Fjordland finances work in southern Greenland
Fjordland Minerals (FML-V) has raised $500,000 in a private placement of special warrant securities. Most of the proceeds will be used to finance diamond exploration in Greenland.Each special warrant …
SPOT PRICES (October 13, 1997)
Wednesday, October 8, 1997Price (US)Week’s ChangeGold*$331.90- $4.90Silver*$ 5.25…
GREATEST VALUE TRADED, Oct. 1-7
ExchgVal(000’s)HighLowCloseChangePlacer DomeT1597…