DIAMOND PAGE — Rovic may be resuscitated
Botswana Diamondfields (BWO-V) is considering resuming production at its idle Rovic diamond mine in Botswana following an accident last year, which killed 20 workers.The company says mining of the rem…
Articles by Northern Miner Staff
GREATEST VALUE TRADED (May 12, 1997)
ExchgValue($000s)HighLowCloseChangeBarrick GoldT2…
MOST ACTIVE STOCKS
ExchgVol(000s)CloseBre-X MnrlsT844670.10Pure Gld ResT…
GOLD FUNDS (May 12, 1997)
Gold Funds as of May 1, 1997BGRCentralNet Value$20.87$5.83Price$15.50$5.7…
Spot Prices (May 12, 1997)
Wednesday, May 7, 1997Price (US)Week’s ChangeGold*$340.65+ $0.20Silver*$ 4.72…
Cameco gets nod for McArthur River
The Saskatchewan government has given its consent to Saskatoon-based Cameco (CCO-T) to develop the McArthur River uranium project.Situated 620 km north of Saskatoon, the project has a resource of 416 …
Lone Star shelves plans for Awak Mas gold mine
Low gold prices and preliminary results of a feasibility study have forced Lone Star Explorations (LSE-V) to put off construction of its Awak Mas gold project in Indonesia.The Australian company says …
Teck and Getchell report Rainbow results
Encouraging results have been reported for all six holes drilled on the Rainbow copper-gold property in southern British Columbia.Situated southeast of Kamloops, the project is a 70-30 joint venture b…
Falsification and misrepresentation taint Bre-X
The only gold at the Busang property in Kalimantan, Indonesia, was the gold someone put there.With that conclusion, a technical audit on the exploration program at Busang administered the coup de grce…
PEOPLE — BROOKS
Michael Heenan appointed director.
Lower metal prices squeeze first-quarter earnings of Teck
Higher gold and copper production by Teck (TEK-T) were offset by lower prices during the first quarter, resulting in a decrease in earnings.The company reported a profit of $15 million (or 16 cents pe…
Sahelian acquires Poura
Toronto-based Sahelian Goldfields (SHGI-C) has acquired the Poura mine, a former gold producer in Burkina Faso, West Africa.In addition to the mine, which has produced more than 600,000 oz. gold from …