GOLD FUNDS (June 30, 1997)
Gold Funds as of June 19, 1997BGRCentralNet Value$20.02$5.87Price$15.15$5…
Articles by Northern Miner Staff
SPOT PRICES (June 30, 1997)
Wednesday, June 25, 1997Price(US)Week’s ChangeGold*$338.70- $3.35Silver*$ 4.77…
Shaft completed at Bissett mine
With its principal shaft now complete from surface to the main haulage level, Rea Gold (REO-T) has finished about 95% of the construction at its Bissett gold mine in eastern Manitoba.The former gold p…
Earnings dip for Agnico-Eagle
Canadian gold producer Agnico-Eagle Mines (AGE-T) reported a net loss of $800,000 for the first quarter ended March 31, down from net income of $1.8 million a year earlier.The company attributed the l…
Tests confirm Nico’s potential
Further metallurgical studies have reinforced the favorable results of earlier tests performed on mineralization at the Nico polymetallic prospect, 170 km northwest of Yellowknife, N.W.T.Samples that …
San Martin results add glitter
The latest drill results from the Sinter hot spring gold zone at the San Martin concession in central Honduras indicate that the domal hill target is strongly mineralized on the eastern and southern s…
YGC’s Ketza to feed Mt. Nansen mill
In keeping with its plans to make the Mt. Nansen mine near Carmacks, Y.T., a central milling operation, BYG Natural Resources (BYG-T) has concluded a joint-venture agreement with YGC Resources (YGC-V)…
U.S. gov’t stalls Zortman project
The Board of Land Appeal for the U.S. Interior Department has granted a stay of the record of decision regarding the Zortman Extension project in Montana, thwarting attempts by Pegasus Gold (PGU-X) to…
Virginia Gold Mines finds new mineralization at Auclair property
Drilling of grassroots exploration targets at the Auclair property in the Eastmain greenstone belt of northern Quebec has turned up more gold for Virginia Gold Mines (VIA-M).The new zone, on the easte…
MOST ACTIVE ISSUES, June 18-24
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PEOPLE — FREEPORT-McMORAN (June 30, 1997)
G. Bellis appointed vice-president and chief information officer; Lynne Cooney appointed vice-president of executive and administrative support; Dean Falgoust appointed vice-president of tax.
GeoNova expands Discovery potential
Two holes drilled by GeoNova Explorations (GNE-M) have expanded the potential of the Discovery gold zone in northwestern Quebec.The new lens straddles the boundary between the company’s Desjardins and…