MOST ACTIVE ISSUES (June 16, 1997)
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Articles by Northern Miner Staff
Anvil retains financial adviser
Toronto-based Anvil Range Mining (ARO-T) has retained RBC Dominion Securities to help review refinancing options that would allow the company to resume operations at Faro, Y.T.As financial adviser, RB…
Placer closes takeover
Placer Dome (PDG-T) has received US$97 million in return for selling the non-Porgera assets acquired in its takeover of Highlands Gold.Highlands Gold owned 25% of the Porgera gold mine in Papua New Gu…
Yamana hits high grade in Argentina
Drilling by Yamana Resources (YRI-T) at its Martinetas property in southern Argentina has returned some high-grade values.Hole 23 returned 20 metres grading 29.2 grams gold per tonne, including 2 metr…
STOCK MARKETS — Toronto-listed golds rise in quiet week of trading —
Platinum group metals continue to dazzle investment communityThe Toronto Stock Exchange had a flat week from June 4 to 10, with the TSE 300 composite jiggling slightly up and down before finishing fra…
La Teko boosts True North
The resource calculation for the True North gold deposit near Fairbanks, Alaska, has nearly doubled.A joint venture between Newmont Mining (NEM-N) and La Teko Resources (LAORF-Q), the project is estim…
METAL PRICES — Daily Metal Prices (June 16, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJune 10June 9June 6June 5June…
Arauco begins feasibility
The George Lake project of Arauco Resources (ARU-T) has reached the feasibility stage.Arauco has engaged H.A. Simons to conduct a feasibility study on the project, which is in the Kitikmeot region of …
Eldorado expands into African districts — Two gold mines added to international portfolio
Two operating gold mines and nine exploration properties in Africa will be acquired by Eldorado Gold (ELD-T) as part of a second-stage transfer of assets to the company from South African mining house…
Patience, planning key to Vedron’s Timmins strategy
Slowly and methodically, Vedron Gold (VDGI-C) is proceeding with a drill program aimed at expanding the resource of the Fuller gold deposit, about 10 minutes’ drive southeast of town.Fuller, which pro…
PEOPLE — RIO ALGOM (June 16, 1997)
Patrick James appointed president and chief executive officer.
PEOPLE — PINCOCK, ALLEN & HOLT (June 16, 1997)
Marshall Koval appointed president.