NEWS IN BRIEF (August 11, 1997)
NCC Mining (NC-V) has changed its name to BMA Mining (BMA-V) on a 1-new-for-7-old-share basis.
Articles by Northern Miner Staff
DIAMOND PAGE — Namco incurs quarterly loss
British-based Namco (nmr-t) incurred a loss of just over$3 million for the year ended May 31, 1997.The company continued development of its sea-floor diamond project off the coast of Namibia, which is…
DIAMOND PAGE — Archon expands search for kimberlite targets
Under the direction of Stewart Blusson, Archon Minerals (acs-v) is broadening its search for diamondiferous kimberlites in the Northwest Territories by forming alliances with several junior companies….
MOST ACTIVE ISSUES, July 30-Aug 5
ExchgVol(100s)ClosePlacer DomeT392323.15CrystallexT…
GREATEST VALUE TRADED, July 3-Aug 5
ExchgValue($000s)HighLowCloseChangeInco LtdT87337…
SPOT PRICES (August 11, 1997)
Wednesday, August 6, 1997Price (US)Week’s ChangeGold*$318.85-$7.55Silver*$ 4.34…
Partners outline resource at Yaou and Dorlin in French Guiana
Three-way partners Guyanor Ressources (grl.b-t), Cambior (cbj-t) and Cambiex Exploration (cbx-t) have produced a resource estimate for the Yaou and Dorlin gold projects in French Guiana.At Yaou proper…
LME WHSE LEVELS (August 11, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.4/97 (change from previous week in brackets):Aluminium625750(-5925)Copper240675(+20075)Lead119775(+375)Nickel54414(+282…
Indicators adding up on Menora ground
The prospect of finding diamonds at the Tshane project in southwestern Botswana appears to be increasing, as more indicator minerals are found by owner Menora Resources (men-m).The company reports tha…
STOCK MARKET — Gold stocks left behind as TSE hits the heights — Base metals rise slightly in buoyant market
The Toronto Stock Exchange’s hot streak continued in the report period July 30-Aug. 5, with the TSE 300 composite index rising 101.91 points (1.5%) to a record high close of 6,903.08 on Aug. 5. Tradin…
Cuban results fuel CaribGold
Drilling by CaribGold (cg-t) has returned mineralized intersections from El Limon, a quartz-vein target at the Jacinto prospecting area in Cuba.Holes 43 and 44 returned 4.7 metres averaging 11.78 gram…
Twin Gold plans mine in Idaho
Management of Twin Gold (twg-t) intends to place the Atlanta gold project near Boise, Idaho, into production by the year 2000 at a capital cost of US$50 million.The Toronto-based junior, which is head…