NEWS IN BRIEF (March 16, 1998)
Tarron Industries (TRO-V) has changed its name to Orko Gold (OK-V).
News
GOLD FUNDS (March 16, 1998)
Gold Funds as of March 5, 1998BGRCentralNet Value$15.31$6.29Price$11.80$5…
Sand River secures sizable Mexican land position
Sand River Resources (SRIV-C) has acquired a portfolio of 16 exploration projects, 14 of which are situated in Mexico.The company’s premier exploration and development target is the Macocozac property…
Study has Tenke-Fungurume poised for production
Preliminary results from Tenke Mining’s (TNK-T) final feasibility study of the Tenke-Fungurume project in the Democratic Republic of Congo indicate that it will be among the world’s lowest-cost produc…
Cyprus enters JV in Arizona
Cyprus Amax Minerals (CYM-N) has entered into a joint-venture agreement with Vancouver-based junior Jaba (JBA-A) on the Mammoth Wash copper project in southern Arizona.Mammoth Wash is situated south o…
DIAMOND PAGE — Ashton finds new kimberlites
Ashton Mining (ACA-T) has identified four more kimberlite pipes on its Buffalo Hills property in north-central Alberta.Recent reverse-circulation drilling of aeromagnetic anomalies 30 km to the east a…
TSE SHORT POSITIONS (March 16, 1998)
Short positions outstanding at February 28, 1998Larger individual positions include: Anderson Expl 56,300, down 642,300; Barrick Gold 13,457,730, down 5,204,067; Caledonia Mining 2,500, down 259,500; …
TSE INDICES (March 16, 1998)
1998Mar. 10Mar. 9Mar. 6Mar. 5Mar. 4HighLowComposi…
METAL PRICES — Daily Metal Prices (March 16, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMar. 10Mar. 9Mar. 6Mar. 5Mar. 4…
STOCK MARKETS — El Misti Gold among VSE volume leaders once again — International CanAlaska makes deal with Royal Oak on Timmins-Michie
The Vancouver Stock exchange composite index lost 5.88 points, or 0.9%, to close at 624.77 over the report period ended Mar. 10. The mining index also lost ground, slipping 7.9 points, or 1.5% to clos…
Inco fined over fatal mine accident
Inco has been fined $750,000 for violations of the Occupational Health and Safety Act that resulted in the death of a miner at the company’s Copper Cliff South mine, in Copper Cliff, Ont.In April 1996…
Redaurum to sell River Ranch
Redaurum (RRK-T) has suspended operations at its 50%-held River Ranch diamond mine in Zimbabwe.Redaurum says it has entered negotiations with various prospective buyers.The mine had been operated by a…