GOLD FUNDS (May 12, 1997)
Gold Funds as of May 1, 1997BGRCentralNet Value$20.87$5.83Price$15.50$5.7…
Articles by Northern Miner Staff
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 …
LETTER TO THE EDITOR — Tory education cuts undermine industry’s future
The so-called “attack” on the deficit by the Progressive Conservative government of Ontario is really an attack on the Ontario education system.The $800 million that has been extracted from public edu…
DIAMOND PAGE — Chivor produces more gems
Toronto-based Chivor Emerald (CHIV.U-C) has produced an additional 1,100 carats of emeralds from its Oriente mine in the Chivor district of Colombia.The emeralds are being mined from a vein system 15 …
TSE INDICES (May 12, 1997)
1997May 6May 5May 2May 1Apr 30HighLowComposite”30…