DIAMOND PAGE — THI, Longreach seek Angolan gems
Toronto-based Trans Hex International (THI-T) and Sydney-based Longreach Gold Oil have agreed to explore and develop the latter’s three diamond concessions in Angola’s Lunda Norte province.Longreach o…
News
STOCK MARKETS — Golds dive again as TSE sets new record — Broad market index breaks 6,600; gold index tests levels last seen in 1993
The Toronto Stock Exchange moved farther into record territory over the trading period July 9-15, with the TSE 300 composite index closing at record highs on four of the five trading days. The TSE 300…
BOOK REVIEW — Book examines murders at Giant gold mine
.BREVIEWED BY VIVIAN DANIELSONDying for Gold: The True Story of the Giant Mine MurdersBy Lee Selleck and Francis Thompson$28 — Available from Harper Collins PublishersDying for Gold generates more qu…
Samax, Resolute to cut ribbon on Tanzanian gold mine
Having signed a formal agreement with government officials, equal partners Samax Gold (SMX-T) and Resolute Samantha of Australia are proceeding with construction of the Golden Pride open-pit gold mine…
Rio Algom, Inmet expand Antamina deposit
Once again, partners Rio Algom (ROM-T) and Inmet Mining (IMN-T) have boosted the resource estimate of the Antamina copper-zinc deposit in Peru.The total in-pit resource is now pegged at a minimum of 5…
DIAMOND PAGE — Trivalence increases production in Guinea
Junior Trivalence Mining (TMI-V) reports an increase in test-phase diamond production at its Aredor diamond concession in Guinea, West Africa.In June, the company processed 20,203 tonnes of alluvial m…
Partners expand Peruvian gold project
Equal partners Pangea Goldfields (PGD-T) and Sundust Resources (SUN-M) have intersected additional mineralization at the Victoria gold project in Peru.Pangea, which is managing the exploration effort,…
EPA fines Cominco
Cominco Alaska, a wholly owned subsidiary of Cominco (CLT-T), will pay a US$1.7-Million fine to the U.S. Environmental Protection Agency for various Clean Water Act infractions that occurred during th…
Homestake eyes Polish potential
Homestake Mining (HM-N) can earn a minimum 75% interest in several gold properties in western Poland controlled by FX Energy, an oil and gas firm based in Salt Lake City, Utah.Homestake will spend US$…
ConSil increases Mexican resource
Idaho-based ConSil (CS-V) will buy the assets of Minas la Colorada, a Mexican company which owns two silver mines in Zacatecas state.ConSil reached the agreement with the principal shareholders of Min…
Greatest Value Traded, July 9-15
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
Spot Prices (July 21, 1997)
Wednesday, July 16, 1997Price (US)Week’s ChangeGold*$319.50+ $3.75Silver*$ 4.32…