PEOPLE — GHANA GOLDFIELDS (September 22, 1997)
George Cavey appointed director.
Articles by Northern Miner Staff
Roycefield adds to Beaver Brook deposit
Roycefield Resources (RYC-T) has boosted the antimony resource at the Beaver Brook deposit in central Newfoundland.With the latest drilling, Roycefield has added 500,000 tonnes grading 3% antimony (us…
Madsen sinks cash into namesake mine
Madsen Gold (MGF-T) has formulated plans to spend $3.5 million on underground exploration and development at the newly reopened Madsen gold mine, near Red Lake, Ont.The mine, which has been producing …
Mt. Polley mine enters commercial production
Though not yet completely commissioned, the Mt. Polley mine near Williams Lake, B.C., has officially opened.Imperial Metals (IPM-T) is operating the project, in which it owns a 55% interest. The remai…
TSE SHORT POSITIONS (September 22, 1997)
Short positions outstanding at August 31, 1997Larger individual positions include: Armada Gold 114,900, up 114,900; Aur Resources 331,050, up 330,250; Barrick Gold 10,977,077, up 256,010; Bema Gold 4,…
METAL PRICES — Daily Metal Prices (September 22, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateSept 16Sept 15Sept 12Sept 11S…
Monarch sells Venezuelan interests to Bolivar
Choosing to concentrate on its Mexican projects, Monarch Resources (MRE-T) has reached an agreement to sell its Venezuelan properties to Bolivar Goldfields (BVG-T).Bolivar will take over the mine know…
Pangea uncovers gold mineralization in Tanzania
Partners Pangea Goldfields (PGD-T) and Explorations Minires du Nord (MDN-M) have discovered significant gold mineralization on the Kanegele block in the Lake Victoria Goldfields district of Tanzania.A…
MOST ACTIVE ISSUES, Sept. 10-16
ExchgVol(000s)ClosePure Gld ResT206850.31Bema GoldT…
STOCK MARKET — Base metals test new lows on Toronto market — Rising inventories take toll on prices for zinc, copper, nickel and lead
The Toronto Stock Exchange gained slightly over the report period Sept. 10 to 16, with the TSE 300 composite index adding 65.73 points to close at 6,865.25. The broad market gained about 1%, led by th…
TORONTO STOCK EXCHANGE INDICES (September 22, 1997)
-1997-Sept 16Sept 15Sept 12Sept 11Sept 10HighLowC…
GOLD FUNDS (September 22, 1997)
Gold Funds as of September 11, 1997BGRCentralNet Value$18.11$5.69Price$14.15…