SPOT PRICES (September 15, 1997)
Wednesday, September 10, 1997Price (US)Week’s ChangeGold*$321.00- $1.00Silver*$ 4.
News
BHP swaps ground for Eastmain shares
BHP Minerals (BHP-N) will transfer base metal and gold exploration properties in eastern Canada to Eastmain Resources (ER-T) in exchange for shares, the number of which will be decided following a due…
Trans Hex, Ocean keep sampling
Having found only one gem-quality macrodiamond in the first bulk sample from the Sunda Shelf property, off the coast of Namibia, partners Trans Hex International (THI-T) and Ocean Resources (OCR-V) ha…
DIAMOND PAGE — Shore Gold buys out Saskatchewan partner
Saskatoon, Sask.-based Shore Gold (SGF-A) has taken complete control of the Fort la Corne diamond project it had shared with Rio Nevada Mines (RN-A).Rio Nevada sold its 25% interest to Shore for 250,0…
DIAMOND PAGE — Hymex Diamond prepares to mine kimberlite blow
Hymex Diamond (HMD-V) now has a kimberlite washplant on site at its diamond property in Guinea, West Africa.The washplant is expected to be available for trial runs, processing kimberlitic material by…
BOOK REVIEW — Industrial minerals reference commendable
Industrial Minerals and their Uses: A Handbook and Formulary Peter Ciullo – editor, US$86, Noyes Data Corporation, Westwood, N.J. 07675Technical handbooks are utterly without glamor. Thick, with dull …
MOST ACTIVE ISSUES, Sept. 3-9
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TORONTO STOCK EXCHANGE INDICES (September 15, 1997)
1997Sept 9Sept 8Sept 5Sept 4Sept 3HighLowComposit…
LME WAREHOUSE LEVELS (September 15, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept.9/97 (change from previous week in brackets):MetalStocks(tonnes)Change…
Barrick pulls plug on El Indio, Tambo — Three other mines slated for shutdown in 1999
Having tried, and failed, to turn around the Chilean operations of the former Lac Minerals, Barrick Gold (ABX-T) has moved to wipe the under-performingoperations off its books.The company has announce…
Minefinders buys back Echo Bay’s option on gold project in Chihuahua — Major gets cash, shares in return for interest in Dolores gold project
Echo Bay Mines (ECO-T) has relinquished its option to acquire a 60% interest in the Dolores gold project in Mexico’s Chihuahua state. In return, the property owner, Minefinders (MFL-V), will transfer …
Meridian sets sights on India
Meridian Minerals India, an 80%-owned subsidiary of Meridian Peak Resources (MRK-V), has been granted two prospecting licences in the northwestern Indian state of Rajasthan.The company has the right t…