TSE SHORT POSITIONS (April 21, 1997)
Short positions outstanding at March 31, 1997Larger individual positions included: Barrick Gold 11,735,236, up 691,564; AJ Perron Gold 376,400; Antares Mining & Expl 101,000, down 114,000; Anvil Range…
News
Series of rockbursts closes Kinross gold mine in Kirkland Lake
Underground production at the Macassa gold mine in Kirkland Lake, Ont., has been halted following a series of rockbursts.Owner Kinross Gold reports that no employees were injured in the bursts, which …
ODDS `N’ SODS — The hour of the wolf
Many of us have recurring dreams, but some are such that they will stay with us forever. Such is my dream of the wolf.In 1964, a partner and I spent most of the summer conducting reconnaissance geolog…
EDITORIAL & OPINION — New task force long overdue — The need for guidelines
The Toronto Stock Exchange and the Ontario Securities Commission are forming a task force to examine the need to set standards for mining and exploration companies. Consideration will be given to how …
Long-Term copper consumption to rise
Copper consumption is on the rise worldwide and could top 18 million tonnes by 2010, according to a study released by CRU International, a London-based firm of metals analysts.Use of the metal in cons…
Production of most base metals down in January
Canadian production rates of primary nickel, silver, primary zinc, iron ore and salt increased in January 1997 over levels recorded in the same period of the previous year.However, output of gold, cop…
Sonora shifts focus to diamonds
In a name change that reflects the company’s new focus, Sonora Gold is now known as Sonora Diamond (SON-T).Although shareholders approved the new name at Sonora’s annual meeting, about half of them st…
Corrections (April 14, 1997)
Arauco Resources (ARU-V) has acquired full ownership of the George Lake gold project. Incorrect information appeared in our issue of March 31.
EDITORIAL — Dearth of data warranted skepticism — The bitter taste of humble pie
There were many tales told at the Busang property in Kalimantan, Indonesia, but one that might have a grain of truth was the story of the over-educated “egg-head” geologist sent by a major mining comp…
DIAMOND BRIEFS — Diagem markets Brazilian stones
Vancouver-based Diagem International Resource (DGM-V) has released production figures from the Juina alluvial diamond operation in Brazil’s Mato Grosso state.Production of diamonds in March was 11,723…
LETTER TO THE EDITOR — Everybody wins when CIDA grants benefit Canadian business
A recent letter from Maurice Brown (T.N.M., Jan. 27/97) may not contain the right information on projects operated by the Canadian International Development Agency (CIDA) in foreign countries.I was a …
LME WAREHOUSE LEVELS (April 14, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 7/97 (change from previous week in brackets):Aluminium844,575(-8,425)Copper167,125(-10,125)Lead107,875(+950)Nickel48,5…