ODDS ‘N’ SODS — On top of the world, Part 1
In 1942, near my little village of Hazelton in northern British Columbia, Cominco was developing the Red Rose tungsten mine atop the Rocher de Boule Mountain in order to supply wartime demand for the …
News
Clarification (August 18, 1997)
In the article “Placer Dome, TVX flex muscles in Pickle Lake” (T.N.M., Aug.4/97), we neglected to include reserve and annual production figures for the Musselwhite mine.The mine, which is owned by Pla…
Asia Minerals discovers high-grade copper-zinc-gold target
A first-phase exploration program by Asia Minerals (amp-a) has resulted in a copper-zinc-gold discovery at the Aurora property in the Sierra Madre mountains of Luzon province, in the Philippines.The c…
International Pursuit joins White Knight in Nevada
International Pursuit (ipj-t) has signed an agreement-in-principle to acquire interests in two Nevada gold properties of White Knight Resources (wkr-v).White Knight, which holds properties in Nevada’s…
TSE, OSC committee to re-examine mining rules — Panel to make recommendations by end of the year
The Toronto Stock Exchange (TSE) and the Ontario Securities Commission (OSC) have announced the formation of a task force to assess the need for regulatory standards for the mining industry.The Mining…
AfriOre explores Umgen coal project
Junior AfriOre (afo-v) will begin a program of drilling and geophysics at the newly joint-ventured Umgen coal deposit in South Africa’s Kwazulu-Natal province.The Toronto-based junior recently complet…
MOST ACTIVE ISSUES, August 6-12
ExchgVol(000s)CloseInmet MiningT82477.90TVX Gold IncT…
GOLD FUNDS (August 18, 1997)
Gold Funds as of August 7, 1997BGRCentralNet Value$18.45$5.45Price$14.20$…
STOCK MARKETS — Golds take the lead in recovery on Toronto markets — Gold and precious metals sub-index soars 440.31 points
For the first time in months, gold stocks led the Toronto Stock Exchange, as the modest rebound in the price of the yellow metal helped most gold stocks rise in the report period ended Aug. 12.The TSE…
Lyon Lake inks deal with Gerald
Montreal-based Lyon Lake Mines (lll-m) has entered into several agreements with the metals merchant Gerald Metals.The agreements include a US$1.2-million line of credit for Lyon Lake’s Costa Rican ope…
Nugget Pond startup strengthens Richmont
The start of production at the Nugget Pond mine, near Baie Verte, Nfld., enabled Richmont Mines (ric-t) to boost its operating cash flow tenfold in the second quarter, compared with 1996 levels. Also,…
Restructuring fills Minorca’s coffers
A stock restructuring program has given Minorca Resources (mar-t) an influx of $67 million for potential project development.Eleven million special warrants were issued on March 13, and holders of 10….