MOST ACTIVE ISSUES, Nov. 19-25
ExchgVol(000’s)Close.ZSWestmin ResT206305.90Tuscany ResA…
Articles by Northern Miner Staff
Western markets off slightly; VSE mining index also down — Goldtex, Canadian Mountain up on report of good surface samples in Yemen
The Vancouver Stock Exchange composite index closed down 37.01 points, or 5.3%, to 657.21 over the report period ended Nov. 25, while the mining index was off 36.42 points, or 6.3%, at 540.31. The com…
GOLD FUNDS (December 01, 1997)
GOLD FUNDS as of November 20, 1997BGRCentralNet Value$15.58$5.84Price$11.30…
SPOT PRICES (December 01, 1997)
Wednesday, November 26, 1997Price (US)Week’s ChangeGold*$297.00- $9.40Silver*$ 5.2…
BHP comes full circle at Cannington
At the turn of the century, Broken Hill Proprietary (BHP-N) was operating the world’s largest silver mine — its namesake deposit at Broken Hill in New South Wales, Australia. With a new century on th…
Mar-West picks up gold concession
Junior Mar-West Resources (MRS-V) has received title to the Jutiapa II concession in Guatemala.The 3,900-ha concession is 4 km from the Pan-American Highway in the southeastern part of the Central Ame…
Twin Gold weighs bio-ox offers for Atlanta mine
With a view to advancing its Atlanta gold project in southwestern Idaho, Twin Gold (TWG-T) has signed confidentiality agreements with two companies specializing in bio-oxidation technology.Atlanta, a …
Orvana weighs options for Don Mario
To go it alone or form a partnership. That is the question, for Orvana Minerals (ORV-T) at its Don Mario gold-copper deposit in eastern Bolivia.Negotiations aimed at evaluating and developing the depo…
Workers sign at El Limon mine
Workers at Triton Mining’s (TTM-T) El Limon gold mine in Nicaragua have signed a 2-year collective agreement which ensures that work will not be interrupted over the next two years.Triton President Th…
Niocan expands niobium property
Niocan (NIO-M)has added the mineral rights of the closed St. Lawrence Columbium & Metals mine to its 970-acre niobium prospect near Oka, west of Montreal, Que.The newly added claims, which total 630 a…
Rayrock companies reorganize as Pyx Mining
A new company, Pyx Mining, has been formed through the combination of Rayrock Yellowknife Resources (RAY-T), Minera Rayrock (MRN-T) and Inter-Rock Gold (IRO-T).Under the terms of the proposal, Rayrock…
Westmin snubs attempted takeover by Boliden — Vancouver company may exercise shareholder rights protection plan
The board of directors of Westmin Resources (WMI-T) has determined that an unsolicited $593-million takeover bid by Boliden (BOL.IR-T) is “inadequate and not in the shareholders’ best interests.”Bolid…