First Dynasty to retain New Millennium
The proposed sale of First Dynasty Mines’ (FDM-T) wholly owned subsidiary, New Millennium Mining, to junior producer Cornucopia Resources (CNP-T) has been terminated.Both parties concluded that the tr…
Articles by Northern Miner Staff
GREATEST VALUE TRADED (November 10, 1997)
ExchgVol(000s)HighLowCloseChange.ZS.Barrick GoldT…
STOCK MARKETS — Volatililty rules on western markets as trading skyrockets — Donner, partners cool down as investors size up South Voisey’s Bay
October ended in volatility, as trading activity reached a 7-month high.The Vancouver Stock Exchange composite index closed at 775.11, down 6% from September and down 32% from October 1996. The mining…
SPOT PRICES (November 10, 1997)
Wednesday, November 5, 1997Price (US)Week’s ChangeGold*$314.60+ $0.90Silver*$ 4.85…
TORONTO STOCK EXCHANGE INDICES (November 10, 1997)
1997Nov. 4Nov. 3Oct. 31Oct. 30Oct. 29HighLowCompo…
Monarch nixes sale in Venezuela
Shareholders of Monarch Resources (MRE-T) have voted against the proposed sale of La Camorra gold mine to Bolivar Goldfields (BVG-T).Monarch backed out of selling the Venezuelan mine when the sharehol…
Minera buys into Pegasus ground
Spokane, Wash.-based junior Minera Andes (MAI-A) has signed a joint-venture agreement with Pegasus Gold (PGU-T) to earn an 80% interest in the Arroyo Verde gold-silver discovery in south-central Argen…
Eden Roc uncovers new zone at Afema
Drilling by Eden Roc Minerals (EDN-T) has intersected a new zone of mineralization at the Afema gold mining project in Ivory Coast.Starting at a vertical depth of 430 metres, hole 63 intersected 9.6 m…
Chilly temperatures refuse to let up at Refugio mine
Severe winter weather in Chile continued to hamper the performance of the Refugio gold mine into the third quarter.Ownership of the open-pit, heap-leach mine is split equally between Amax Gold (au-n) …
DIAMOND PAGE — Exploration adds to potential of diamond project
The Ekati diamond mine in Canada’s Northwest Territories is on schedule to begin production in the fall of 1998. In the meantime, partners Dia Met Minerals (DMM-T) and BHP Diamonds plan to bulk-sample…
DIAMOND PAGE — Trivalence sells huge diamond
The fourth sale this year of diamonds from the Aredor concession in Guinea, West Africa, by Trivalence Mining (TMI-V) included one stone that topped 70 carats in size.In total, 4,214.1 carats were sol…
Noranda takes shine to Brazilian base metals
Noranda (NOR-T) will earn a 70% interest in the Aripuana base metals project in Brazil’s Mato Grosso state from juniors Ambrex Mining (AMBX-C), Ourominas Minerals (OMI-T) and St. Genevieve Resources (…