News

Echo Bay Mines (ECO-T) took a writedown of US$309.8 million for the third quarter, resulting in a net loss of US$327.5 million (or $2.36 per share).Not including the restructuring charge, the loss amo…

Ashanti Goldfields (ASL-N) has hit high-grade gold intersections at its Obuasi open-pit mine in the Ashanti region of south-central Ghana.Diamond drilling from underground encountered a 21-metre inter…

This is a time when Canadians should be considering and encouraging the startup of new mines across Canada, and time is of the essence.For too long, governments and communities have complacently accep…

Juniors Greenshield Resources (GSR-M) and Moss Resources (MRS-T) plan to acquire a combined 50% interest in 58 claim units in Currie and Egan twps. of Ontario.The companies say the Curregan property i…

Partners Placer Dome (PDG-T) and Etruscan Resources (EET-T) have modified their agreement pertaining to the latter’s Tiawa gold concession in western Niger.Placer can now earn a 51% interest in the en…

Kennecott Canada, a unit of Rio Tinto (RTP-N), has taken the financial steps necessary to maintain its 17% interest in diamond explorer SouthernEra Resources (SUF-T).Kennecott has taken up 173,670 uni…

Drilling by Ashton Mining of Canada (ACA-T) has identified yet another kimberlite body at the Buffalo Hills project in north-central Alberta.The discovery brings to 17 the number of kimberlites found …

The proposed sale of First Dynasty Mines’ (FDM-T) wholly owned subsidiary, New Millennium Mining, to junior producer Cornucopia Resources (CNP-T) has been terminated.Both parties concluded that the tr…

ExchgVol(000s)HighLowCloseChange.ZS.Barrick GoldT…

Wednesday, November 5, 1997Price (US)Week’s ChangeGold*$314.60+ $0.90Silver*$ 4.85…

October ended in volatility, as trading activity reached a 7-month high.The Vancouver Stock Exchange composite index closed at 775.11, down 6% from September and down 32% from October 1996. The mining…

1997Nov. 4Nov. 3Oct. 31Oct. 30Oct. 29HighLowCompo…