STOCK MARKETS — Resource stocks add fuel to VSE
The Vancouver Stock Exchange composite index rose 36.94 points, or 3.04%, over the report period ended Feb. 18, to close at 1,250.65. The resource index gained 72.88 points, or 3.22%, to finish at 2,3…
News
Geomaque boosts output from Mexican mine
In January, Geomaque Explorations (GEO-T) reached a new production record at its San Francisco gold mine in Mexico’s Sonora state.The open-pit, heap-leach operation cranked out 5,142 oz., representing…
LITERATURE REVIEW — Newmont sets new production record at Carlin operations
Gold production during 1996 reached 2.3 million oz., setting a new record for Newmont Gold (NGC-N) and parent Newmont Mining (NEM-N).Newmont Gold earned US$94 million last year while Newmont Mining, w…
Toronto Stock Exchange Indices (February 24, 1997)
1997Feb 18Feb 17Feb 14Feb 13Feb 12HighLowComposit…
Corriente finances Peruvian programs
Corriente Resources (CTQ-T) will use proceeds from a $20-million brokered private placement to fund exploration in Peru and Argentina.The company closed a private placement of 1.5 million special warr…
Loubel cuts more copper at Queylus
Junior Loubel Exploration (LBX-M) has drilled a new copper intersection on its Queylus property near Chibougamau, Que.Hole 5, drilled over a 3-km-long induced-polarization conductor inside a granitic …
NEWS IN BRIEF (February 24, 1997)
Consolidated McKinney Resources (CKY-V) has changed its name to Aztek Technologies (AZT-V) on a 1-new-for-5-old-share basis.
Mindoro: a cautionary tale for investors
Editor’s Note: Mindoro was a private company and should not be confused with Edmonton-based Mindoro Resources (MIO-A), a legitimate junior company exploring in southeast Asia.In 1993, rumors began cir…
Teck sweetens Aussie offer
Western Australian producer Mount Edon Gold Mines has accepted a sweeter takeover offer from Teck (TEK-T) and Australian partner Camelot Resources.Teck and Camelot recently increased their bid to A$2….
Arian completes engineering studies for Julietta
Having completed first-phase engineering studies, Arian Resources (ARA.U-T) is moving forward with plans to build a mine and associated infrastructure at the Julietta property in the Madagan region of…
Mansfield outlines new gold zone
Surface trenching on the Cerro Gordo property in the Argentine province of Salta is defining a northeast-southwest-trending zone of gold-silver mineralization.Mansfield Minerals (MDR-V) tested 1,300 m…
Noble Peak to resume drilling
A follow-up exploration program, including diamond drilling, will begin shortly at the Worcester mine project, a former producer in the Barberton gold belt of South Africa.Operator Noble Peak Resource…