DIAMOND PAGE — Rex tests African project
Producer Rex Diamond (RXD-T) has secured permits to explore two concessions in the northwestern African country of Mauritania.The land package covers 46,700 km in the northwest part of the country, wh…
Articles by Northern Miner Staff
STOCK MARKET — Junior gold mining stocks help keep western markets afloat — Cross Lake makes splash after Timmins area find; Silverstone, Haddington also
upThe Vancouver Stock Exchange composite index edged up 6.55 points, or 0.8%, over the holiday-shortened report period ended Oct. 14 to close at 838.4. The mining index finished at 748.74, up 6.48 poi…
Producer and Dealer Prices (October 20, 1997)
Aluminium: LME settlements US$1,633 per tonne(Oct. 14/97).Antimony: Composite free market, US$1,935 per tonne (Oct. 14/97).Bismuth: Composite free market US$3.40 per lb. (Sept. 30/97).Cadmium: Composi…
TORONTO STOCK EXCHANGE (October 20, 1997)
1997Oct.14Oct.13Oct.10Oct.9Oct.8HighLowComposite…
STOCK MARKET — TSE hits another record high as gold majors rally — Precious and base metal prices remain lacklustre
The Toronto Stock Exchange continued to perform at an impressive pace during the report period of Oct. 8 to Oct. 14, with the TSE 300 composite index closing at 7168.77, a drop of 41.16 points, or 0.6…
GOLD FUNDS (October 20, 1997)
Gold Funds as of October 9, 1997BGRCentralNet Value$18.38$5.98Price$13.65…
LME Warehouse Levels (October 20, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct.13/97 (change from previous week in brackets):MetalStock(tonnes)Change…
SPOT PRICES (October 20, 1997)
Wednesday, October 15, 1997Price (US)Week’s ChangeGold*$325.60- $6.30Silver*$ 4.99…
Nar funds Zimbabwe project
A recent financing has provided funds for Nar Resources (NRL-M) to explore ground in greenstone belts in Zimbabwe.The exploration venture is a partnership with nickel giant Falconbridge (FL-T). The co…
East West to fund work near Timmins
East West Resource (EWR-W) has announced a private placement, arranged through Dominick and Dominick Securities, of up to 1 million special warrants at $1.20 each. Aggregate proceeds will total $1.2 m…
Asia Pacific updates study
Management of Asia Pacific Resources (APQ-V) is reviewing a feasibility study for the Udon Thani potash project in Thailand.The company says it is reviewing various elements of the report.Information …
Blue Emerald works gold target
A work program by Blue Emerald Resources (BER-V) has outlined two new areas of gold mineralization on the Quebrada De Oro project in Nicaragua.A trenching and detailed soil sampling program is under w…