MOST ACTIVE ISSUES, April 16-22
ExchgVol (000s)CloseBre-X MnrlsT165272.40Rea Gold CorpT…
News
STOCK MARKET — Resource index takes springtime leap on Vancouver Stock Exchange — Winspear Resources, Jersey Goldfields emerge as most active issues
The Vancouver Stock Exchange pulled out of its nose dive during the report period ended April 22. Although still sliding, the VSE posted its best week in more than a month. The composite index lost 8….
PRECIOUS METAL PRICES (London fix and interbank rates, US$ per oz.)
DateApr. 22Apr. 21Apr. 18Apr. 17Apr. 16Silver2.9102.9082.8…
PRODUCER PRICES (April 28, 1997)
Aluminium: LME settlements US$1,546.50 per tonne, alloy $1,433 per tonne (April 22/97).Antimony: Composite free market, US$2,350 per tonne (April 22/97).Bismuth: Composite free market US$3.11 per lb. …
Nugget Pond producing gold
Rouyn-Noranda, Que.-based Richmont Mines (ric-t) has entered commercial production at its Nugget Pond gold mine on the Baie Verte peninsula of Newfoundland.The startup was completed on time and within…
Flooding, claims, taxes boost cost of Alumbrera — Rio Algom still predicts startup in third quarter
The cost of the Bajo de la Alumbrera copper-gold project in Argentina has surged to nearly $200 million as a result of record rainfall and additional expenses.The mine is still slated to open ahead of…
PEOPLE — OLYMPIC (April 28, 1997)
Kjeld Werbes appointed director.
Echo Bay acquires stake in Fairmile
Gold producer Echo Bay Mines (eco-x) is expected to gain an 8% interest in Fairmile Gold (fla-a), which has an option to acquire the Buffalo Valley gold project in northern Nevada.Echo Bay will acquir…
Naneco begins drilling on property in South Dakota
In South Dakota, Naneco Minerals (nne-a) has begun drilling on a property it believes is geologically similar to the nearby Homestake gold mine.Drilling on the Cochrane property started in March, and …
X-Cal options remainder of Sleeper mine in Nevada
Vancouver-based X-Cal Resources (xcl-v) intends to buy the remaining half of the Sleeper gold mine that it does not already own. The mine is in northern Nevada.The junior acquired a 50% stake in the o…
PEOPLE — MORGAIN (April 28, 1997)
Anthony de Werth appointed director.
PEOPLE — INDOMIN (April 28, 1997)
Max Boulle appointed director.