Three junior mining companies opened gold mines in North America last year, and, while admittedly modest, the operations will set a substantial profit for their proprietors.In the Wawa area of norther…
A private placement of just over a million shares will allow Glimmer Resources (GME-V) to meet cash calls for development work at the Glimmer project in Hislop Twp., east of Matheson, Ont.Glimmer and …
ALUMINIUM: LME settlements US$1,523.50 per tonne, alloy $1,377.50 per tonne (Dec. 24/96).ANTIMONY: Composite free market, US$2,075 per tonne (Dec. 27/96).BISMUTH: Composite free market US$3.20 per lb….
An engineering and optimization study on the Canatuan massive sulphide deposit on the Philippine island of Mindanao has increased reserves and production rates for TVI Pacific (TVI-T).The study increa…
I had just been delivered back to an exploration base camp after a near disaster on the Ontario-Manitoba border. When the Bell J2 helicopter came home after being repaired, it immediately left to prov…
An agreement between a private company and Pan African Resources (PARC-C) gives that company the option to acquire a 75% interest in the Ndori gold property in southwestern Kenya.Pan African recently …
Toronto-based junior Altai Resources (ATI-T) is forming an alliance with Australian major Normandy Mining (NPL-ASX).Under the agreement, Normandy will be issued 805,000 units of Altai Resources, equiv…
Huge mineral discoveries fueled a wave of mergers, takeovers and deals in the mining industry in 1996. The year’s biggest story was Inco’s (N-T) Aug.21 swallowing up of Diamond Fields Resources (DFR),…
Many a metal trader will have popped the cork on his New Year’s bubbly, confident that 1997 can hardly be worse than 1996. Precious metals nosedived, and the base metals went for a bumpy ride courtesy…
The Russian government owes mining companies 1.5 trillion roubles for some of the gold they have shipped to the state in 1996.The industry sent about 100 tonnes of gold to refineries last year, report…
ExchgVol(000s)CloseBre-X MnrlsT260422.15Houston LakeA…
Monday, December 30, 1996Price (US)Week’s ChangeGold*$369.60+ $0.40Silver*$ 4.88…
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