A disturbing trend seems to be developing as a result of the scandals surrounding Cartaway Resources, Bre-X Minerals, Delgratia Mining and possibly Hixon Gold and Golden Rule.Fraud or incompetence in …
Short positions outstanding at May 31, 1997Larger individual positions included: Barrick Gold 12,118,753, up 391,400; Ashton Mining of Canada 110,000, down 104,722; Adex Mining 106,000, down 204,000; …
1997June 10June 9June 6June 5June 4HighLowComposi…
Aluminium: LME settlements US$1,561 per tonne, alloy $1,452 per tonne (June 3/97).Antimony: Composite free market, US$2,200 per tonne (June 3/97).Bismuth: Composite free market US$3.50 per lb. (June 2…
Environmental activists intent on preventing development of the Crown Jewel gold mine in northwestern Washington state have filed an action in U.S.District Court against the U.S. Forest Service.The ac…
Results are in hand from 10 of 15 holes drilled to test the Centenario gold deposit in the Dominican Republic.Energold Mining (EDG-V), which recently completed the third phase of drilling, reports tha…
Cameco (CCO-T) reports that the Kumtor gold mine in the Tien Shan mountains of eastern Kyrgyzstan has entered into commercial production, with a declared starting date of May 1, 1997.The company state…
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…
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…
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…
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 …
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…
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