SPOT PRICES (September 22, 1997)
Wednesday, September 17, 1997Price (US)Week’s ChangeGold*$319.95- $1.05Silver*$ 4.
News
LME WAREHOUSE LEVELS (September 22, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept. 16/97 (change from previous week in brackets):MetalStocks (tonnes)Change…
Gowest partners with GeoNova
A gold property in Quebec’s Cavalier Twp. will be jointly explored by Gowest Amalgamated Resources (GWA-A) and GeoNova Explorations (GNE-M).The companies recently formed a joint venture whereby each w…
Drills turning at King Bay property
A drill program is under way at the King Bay gold property, 70 km northeast of Ignace in northwestern Ontario.The program is operated by RedBird Gold (RBD-A-A), which recently made a $50,000 property …
McWatters, Placer Dome seal Kiena-Sigma deal
McWatters Mining (MC-T) has completed its $55-million acquisition of Placer Dome’s (PDG-T) operations in Val d’Or, Que., including the Kiena and Sigma gold mines.McWatters issued to Placer 7.3 million…
Patricia keeps drilling targets at Island Gold
Patricia Mines (PAT-V) has announced additional drill results from its Island Gold property, northeast of Wawa in north-central Ontario.The company recently collared four holes drilled into what is be…
Mazarin seeks gold in Uzbekistan, Peru
Quebec-based Mazarin Mining (MAZ-T) has acquired the right to explore, develop and put into production gold-bearing properties in Peru and Uzbekistan.A letter of understanding allowing Mazarin to acqu…
EDITORIAL — Oral history keeps mining spirit alive — Telling it like it was
We do something similar in our Odds ‘n’ Sods column every week — now, the University of Nevada is undertaking a statewide oral history project on mining, which should contribute to the public’s under…
Cameco experiences mixed second quarter
Despite impressive gains in uranium and gold production, Cameco’s (CCO-T) revenue and net earnings fell significantly during the second quarter.Cameco’s share of uranium production from its four urani…
Frame thwarted at Greenfields
The Victor Smorgon Group has backed the existing directors of Greenfields Coal, an Australian coal company in which Clifford Frame’s Mineral Resources (MIC-T) holds about 15 million shares.The directo…
Sulliden seeking Peruvian gold
Montreal-based Sulliden Exploration (SUE-M) has resumed drilling on the Las Huaquillas property in northern Peru.Sulliden completed the first phase of exploration on thecopper-gold-molybdenum project …
Cambior recognized for Alaskan reclamation work
Cambior has received the Health of the Land Award from the U.S. Bureau of Land Management (USBLM) for its reclamation work at the past-producing Valdez Creek placer gold deposit in Alaska.The alluvial…