NEVADA — NEWS IN BRIEF (June 02, 1997)
International R.S.V. Resource (IRS-V) has changed its name to Harambee Mining (HAB-V) on a 1-New-for-5-old-share basis.
News
NEVADA — Gold dominates in Nevada
Nevada mines churned out 7.1 million oz. gold last year, making it the first state to produce more than 7 million oz. of the yellow metal in the history of the United States.The state produced 6.8 mil…
STOCK MARKETS — VSE, Alberta slide as western markets continue slump — Diamond explorers add lustre to otherwise sluggish week
Both western markets slipped over the report period ended May 27, with the Vancouver Stock Exchange losing 17.63 points to close at 1,000.59 and the Alberta Stock Exchange down 33.34 points to finish …
Greatest Value Traded, May 21-27
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
Placer’s drills hit more Samira gold
Assay results from the Samira deposit in Niger continue to impress, with wide intersections exhibiting significant grades.To date, Placer Dome (PDG-T) has completed 55 diamond drill holes and has prov…
Gold Funds (June 02, 1997)
Gold Funds as of May 22, 1997BGRCentralNet Value$21.05$5.80Price$15.75$5.
Securities regulators pursue Naxos
Alberta securities regulators have filed a notice of hearing against Naxos Resources and company insiders Jimmy John, Ian Gordon, Carl Campbell, Sidney Kemp, Antony Moilliet and Frederick Arkoosh Jr.T…
NEVADA — Mineral Ridge poised to enter production
Cornucopia Resources (CNP-T) will soon pour the first gold from its wholly owned Mineral Ridge mine, near the town of Silver Peak in Esmeralda Cty.The 2,685-Acre property comprises 173 claims and incl…
Eldorado expands Brazilian gold producer
The cost of expanding the Sao Bento gold mine in Brazil led to a loss of US$1.6 million for Eldorado Gold (ELD-T) in fiscal 1996, compared with a loss of US$2.2 million in the previous year.The mine, …
Meadowbank gold deposit expected to increase
Based on initial results from ongoing diamond drilling, Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T) are anticipating an increase in resources at their jointly held Meadowbank gold prope…
Rea Gold posts first-quarter loss
A low gold price took the wind out of Rea Gold’s (REO-T) sails during the first quarter.For the 3-Month period, the junior posted a loss of $5.8 million on revenue of $3.1 million, compared with a los…
Sur American detects IP anomaly
A geophysical survey by Sur American Gold (SUR-A) at its Mina Rica property in western Colombia has outlined a large volume of moderate-To-high resistivity over an area measuring 1,000 by 300 metres.T…