TSE SHORT POSITIONS (August 25, 1997)
Short positions outstanding at July 31, 1997Larger individual positions included: Barrick Gold 11,804,898, up 866,048; Bema Gold 4,407,286; Bonus Resource 22,190, down 791,810; Breakwater Resources 22…
News
Treminco hard at work in Territories
Buoyed by recent drill results, Treminco Resources (TMO-T) is planning a further 1,000-metre drill program at its Sito property, 40 km north of Yellowknife, N.W.T.Drilling this summer tested a structu…
LITERATURE REVIEW — KWG sees four mines on Russian horizon
Through its wholly owned subsidiary, Far East Gold (FEGI-C), Montreal-based KWG Resources (kwg-t) has signed letters of intent with two Russian gold companies to acquire interests in four gold deposit…
First Dynasty concludes Armenian deal
After months of negotiations, First Dynasty Mines (FDM-T) is about to conclude a deal with the Armenian government for reactivation of the Zod and Meghradzor gold mines.The deal, which is expected to …
GOLD FUNDS (August 25, 1997)
Gold Funds as of August 14, 1997BGRCentralNet Value$18.64$5.60Price$14.80…
DIAMOND PAGE — SouthernEra finds new pipe at Back Lake
A new kimberlite has been exposed by hand-trenching and test-pitting on the Back Lake project, northeast of Camsell Lake in the Northwest Territories.The kimberlite body is land-based and was found by…
LITERATURE REVIEW — Cambiex Exploration acquires gold project in south Peru
The Arequipa region of southern Peru has attracted the attention of Cambiex Exploration (CBX-T), the exploration arm of parent company and majority shareholder Cambior (CMH-T).Cambiex recently signed …
Zinc price, higher output add strength to Cambior — Work stoppage at Omai gold mine in Guyana ends after three days
Increased capacity at the Omai gold mine in Guyana and improved prices for zinc in the first half of 1997 combined to increase net earnings at Cambior (CJB-T) to US$3.3 million, compared with US$2.1 m…
LITERATURE REVIEW — NEWS ROUNDUP — Magnetic anomaly attracts Major General
Major General Resources (MGJ-V) is set to begin drilling on the Olympic copper property, situated north of Dawson City, Y.T.The program will test a series of chargeability zones hosted in an iron-rich…
Fortune expands Nico zone
Drilling by Fortune Minerals (FORM-C) has expanded known mineralization at the Nico property, 170 km northwest of Yellowknife, N.W.T.The new drilling, in the south-central part of the property’s Bowl …
LITERATURE REVIEW — Hedging gains reduce Pegasus’ losses
Low prices present challenges for any gold producer, but companies with low-grade operations are often hardest-hit by weakening prices for the precious yellow metal.Pegasus Gold (PGU-T), which operate…
Eldorado nixes Gencor deal
Blaming a change in market sentiment for gold, Eldorado Gold (eld-t) has opted not to proceed with the proposed US$193.6-million acquisition of two operating gold mines and nine exploration projects i…