DIAMOND PAGE — Caldera advances Abminga project
The Abminga diamond exploration project of Caldera Resources’ (CDR-M) in South Australia has been granted “project status” by South Australia’s mines ministry.The new status allows Caldera to treat it…
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MOST ACTIVE ISSUES, July 9-15MOST ACTIVE ISSUES, July 9-15
ExchgVol(000s)CloseKinross GldT170265.65Placer DomeT…
Partners declare Stenpad values unreliable
“Unreliable” is how joint-Venture partners Golden Rule Resources (GNU-T) and Hixon Gold Resources (HXG-V) are describing the trenching and soil-sampling values from their previous work at the troubled…
DIAMOND PAGE — SouthernEra sells first Klipspringer gems — More Angolan diamonds also sold
SouthernEra Resources (SUF-T) has completed the first sale of diamonds from its Klipspringer project in South Africa’s Northern Province.The company will receive US$573,662 from the sale of a parcel t…
STOCK MARKETS — Summer doldrums descend on western markets — Investors adopt wait-And-see strategy for projects in Timmins camp
Junior companies are pulling in their horns and preparing for a quiet summer in the hope that market prospects and gold prices will improve this autumn. While many companies are finding that it is not…
Silverado to buy La Teko’s Ryan Lode — Companies sign Alaskan agreement worth US$12 million
Silverado Mines (GOLDF-Q) will buy the Ryan Lode gold deposit near Fairbanks, Alaska.Over five years, Silverado will pay US$12 million to the vendor, La Teko Resources (LAORF-Q), in return for 63 fede…
Phelps Dodge records profit for quarter
With increased earnings per share resulting from an extended share buy-back program, Phelps Dodge (PD-N) reported a profit for the second quarter of 1997.The major earned US$134.8 million (or US$2.16 …
KWG set to become significant nickel producer — Company will share laterite project with Cuba
A nickel deal signed with the government of Cuba should more than double the value of assets belonging to KWG Resources (KWG-T).KWG, a 26%-owned affiliate of St. Genevieve Resources (SGV-T), signed a …
Petro Plus finances Blackdome
An agreement between Petro Plus (PPV.A-A) and a private Alberta company is expected to provide the necessary funds to resume operations at the Blackdome gold mine near Clinton, B.C.By month’s end, MCM…
Ecuadorian, Newcrest form JV in Peru
Australian gold miner Newcrest Mining and Ecuadorian Minerals (EMC-T) plan to acquire the Ayapata gold project in southern Peru.For its part, Ecuadorian can pick up the 10-sq.-km property, subject to …
NEWS IN BRIEF (July 21, 1997)
Ambassador Industries (AID-V) has changed its name to Barrier Mining (BMI-V) on a 4-old-for-1-New-share basis.
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John Hansuld appointed president.