Spot prices at a glance (January 06, 1997)
Monday, December 30, 1996Price (US)Week’s ChangeGold*$369.60+ $0.40Silver*$ 4.88…
Articles by Northern Miner Staff
TSE SHORT POSITIONS (January 06, 1997)
Short positions outstanding at December 15, 1996Larger individual positions included: Barrick Gold 10,999,002, down 1,002,994; Agnico-Eagle 447,992, down 97,393; Archer Resources 299,100; Anvil Range …
New discoveries made in Sweden
Exploration activity has picked up steam in Sweden since Boliden announced the discovery of a gold deposit in the country early last year.The deposit, which is now reported to contain 8 tonnes of gold…
FACTS `N’ FIGURES — Silver forecast rosy
World silver production will increase over the next four years in North and South America, as well as Australia. These increases will help bridge the gap between mine supply and silver demand, which h…
EDITORIAL PAGE — A tale of two ecomonies
At this time of year, pundits traditionally peer into their crystal balls and predict what is in store for the economy over the upcoming 12-month period. In Canada, the consensus is that 1997 will be …
Permit paves way for mine start-up
Toronto-based Wheaton River Minerals (WRM-T) has moved one step closer to re-opening the Golden Bear gold mine in northwestern British Columbia.Wheaton River controls the heap-leach operation through …
PEOPLE — BRITANNIA GOLD (December 30, 1996)
John Gray appointed vice-president of corporate development.
Birim drills Akrokeri in Ghana
Montreal-based Birim Goldfields (BGI-T) has completed a first-phase, surface drill program at the past-producing Akrokeri gold mine in Ghana.The 4,800-ha property in the Ashanti belt is 90%-owned by B…
Rea Gold acquires Brazilian project
Junior Rea Gold (REO-T) has signed a letter of intent to acquire the Pitangui gold project in Brazil.Terms of the agreement call for the company to pay owner Luxembourg-based Minorco a total of US$5.1…
Improved markets needed for Faro
A review of the Faro mine of Anvil Range Mining (ARO-T) has recommended that the lead-zinc mine remain closed until the market for those metals improves.The review found that optimistic metal price fo…
Nevsun outlines sizable gold resource at Tabakoto and Kubi in West Africa
Drill programs at the Tabakoto project in Mali and the Kubi in Ghana have enabled Nevsun Resources (NSU-T) to calculate preliminary gold resources of 2.7 million oz.The Vancouver-based junior, which h…
PEOPLE — ARGOSY MINING (December 30, 1996)
Steven Potter appointed vice-president of exploration.