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….
News
DIAMOND PAGE — Dia Met expands its efforts in western Greenland
Dia Met Minerals (dmm-t) has agreed to buy Australian-based Quadrant Resources’ 49% interest in a joint venture with Monopros.The announcement follows a due diligence review that detected kimberlite i…
LME WAREHOUSE LEVELS (August 18, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.11/97 (change from previous week in brackets):MetalStocks(tonnes)Change…
Doyle drilling yields no kimberlite
Monopros, the Canadian exploration arm of De Beers Consolidated Mines (dbrs-q), completed 20 holes totalling 2,366 metres during a spring drilling program on the LA 1-25 claims of the Doyle Lake proje…
SPOT PRICES (August 18, 1997)
Wednesday, August 13, 1997Price (US)Week’s ChangeGold*$328.60+$9.75Silver*$ 4.46…
PRODUCER AND DEALER PRICES (August 18, 1997)
Aluminium: LME settlements US$1,721 per tonne, alloy $1,500 per tonne (Aug.12/97).Antimony: Composite free market, US$1,910 per tonne (Aug. 11/97).Bismuth: Composite free market US$3.65 per lb. (Aug. …
Royalty sisters report mixed quarter
Rescheduling of operations at Barrick Gold’s (abx-t) Goldstrike project in Nevada has boosted first-quarter earnings for Euro-Nevada Mining (an-t), while impeding those of sister company Franco-Nevada…
Eden Roc Minerals turns around in latest quarter
Improvements in operations and higher production at the Afema heap-leach gold mine in Ivory Coast gave rise to a strong second quarter for Eden Roc Minerals (edn-t).For the three months ended June 30,…
Greenstone teams with Independence
Toronto-based Greenstone Reources (gre-t) has entered into an agreement with Independence Resources (idn-v) to acquire and develop gold projects in Mexico.Greenstone will acquire 1 million units of In…
DIAMOND PAGE — Financing for American Gem
Montana-based sapphire producer American Gem (gem-t) has raised $1.3 million in a private placement of 4.4 million shares at 30 cents each.The purchasers are Canadian and European institutional invest…
GREATEST VALUE TRADED, August 6-12
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
COMMENTARY — Communication is key
The author is a senior geologist at Watts Griffis & McOuat and has written the following article at the request of Keep Mining in Canada, a grassroots campaign designed to increase awareness of the im…