Richmont not disuaded by loss
The loss of more than half a million dollars in the first quarter has not dampened the optimism of Rouyn-Noranda, Que.-based Richmont Mines (RIC-T).The combination of a lower average gold price and a …
News
Triton on track at Limon mine
During the first quarter of 1997, Triton Mining (TTM-T) boosted production while lowering cash costs at its Nicaraguan gold mine known as El Limon.The company processed 88,627 tonnes grading 5.15 gram…
Drilling begins at Adumasa project
A 2,000-Metre program of diamond drilling is under way at the Adumasa property in Ghana, a joint venture of Norcan Resources (NRE-V) and AMI Resources (AMU-V).The work will follow up on three prominen…
Partners confirm mineralization
Drilling by partners Focal Resources (FCJ-A) and Intrepid Minerals (IAU-A) has confirmed gold and silver mineralization at the Barrios property in eastern El Salvador.The program represents the first …
Greatest Value Traded, May 7-13
ExchgValue($000s)HighLowCloseChangeBarrick GoldT3…
PRODUCER AND DEALER PRICES (May 19, 1997)
Aluminium: LME settlements US$1,634 per tonne, alloy $1,500 per tonne (May 13/97).Antimony: Composite free market, US$2,220 per tonne (May 13/97).Bismuth: Composite free market US$3.30 per lb. (May 13…
SPOT PRICES (May 19, 1997)
Wednesday, May 14, 1997Price (US)Week’s ChangeGold*$349.00+ $8.35Silver*$ 4.87…
Abacus aims to expand Lookout zone
Exploration drilling is set to resume at the Niblack volcanogenic massive sulphide project in southeastern Alaska.Abacus Minerals (AMC-V) will focus on the gold-enriched Lookout zone, where last year’…
Cerro Colorado enters feasibility stage in Panama
Toronto-based Tiomin Resources (TIO-T) has awarded a contract to an independent engineering firm to study the feasibility of developing its Cerro Colorado porphyry copper deposit in Panama.Kvaerner Me…
STOCK MARKETS — Golds give further push to TSE 300 composite index — Junior issues add spark to Toronto market; precious metals strengthen
Fuelled by strong performances in the gold and base metal markets, the Toronto Stock Exchange 300 composite index gained a hefty 119.28 points, or 1.9%, to finish the report period ended May 13 at 6,2…
Toronto Stock Exchange Indices (May 19, 1997)
1997May 13May 12May 9May 8May 7HighLowComposite”3…
Bre-X files for protection from creditors — Directors resign as three exchanges delist stock
First, the gold project collapsed, then the share price. Now, Bre-X Minerals itself appears to be self-destructing.Following the damaging revelations of a technical audit on its Busang property in Kal…