Teck to drill Barry gold property
The Barry gold property near Quvillon-Chibougamau, in northwestern Quebec, has a history of delivering plenty of smoke but no fire.The property enjoyed its 15 minutes of fame in the spring of 1995 whe…
Articles by Northern Miner Staff
RTZ-CRA changes name
The dual-listed company formed by the merger of British-based RTZ and Australian-based CRA will henceforth be listed under two names: Rio Tinto PLC and Rio Tinto Ltd., respectively.The companies merge…
EDITORIAL PAGE — Western securities commissions forge ties — Two heads better than one
One needn’t peer into a crystal ball to know that, despite well-Meaning efforts, Canada is not likely to have a national securities commission governing the conduct of public companies and the investm…
DIAMOND PAGE — Cypango closes placement
A $1.8-Million private placement will enable diamond hunter Cypango Ventures (CAV-V) to fund exploration in Canada’s Northwest Territories.The placement consisted of 2 million special warrants priced …
LME WAREHOUSE LEVELS (June 16, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 9/97 (change from previous week in brackets):Aluminium718,075(-16,525)Copper128,125(-4,375)Lead117,550(-275)Nickel51,86…
GREATEST VALUE TRADED (June 16, 1997)
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
DIAMOND PAGE — Ashton tests Alberta pipes
The latest exploration results released by Ashton Mining of Canada (ACA-T) bring to 11 the number of kimberlite pipes tested at the Buffalo Hills property in northern Alberta.The company reported init…
STOCK MARKETS — Western markets negotiate a slippery slope — Latin America explorers off, diamond explorers lacklustre
The Vancouver Stock Exchange composite index was down over the report period ended June 10, losing 28.76 points to finish the week at 961.32.The Alberta Exchange, which also continued to slide, was of…
MOST ACTIVE ISSUES (June 16, 1997)
ExchgVol(000s)CloseQ.E.X. ResM99000.75Barrick GoldT…
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…