Monarch nixes sale in Venezuela
Shareholders of Monarch Resources (MRE-T) have voted against the proposed sale of La Camorra gold mine to Bolivar Goldfields (BVG-T).Monarch backed out of selling the Venezuelan mine when the sharehol…
News
Minera buys into Pegasus ground
Spokane, Wash.-based junior Minera Andes (MAI-A) has signed a joint-venture agreement with Pegasus Gold (PGU-T) to earn an 80% interest in the Arroyo Verde gold-silver discovery in south-central Argen…
Eden Roc uncovers new zone at Afema
Drilling by Eden Roc Minerals (EDN-T) has intersected a new zone of mineralization at the Afema gold mining project in Ivory Coast.Starting at a vertical depth of 430 metres, hole 63 intersected 9.6 m…
Chilly temperatures refuse to let up at Refugio mine
Severe winter weather in Chile continued to hamper the performance of the Refugio gold mine into the third quarter.Ownership of the open-pit, heap-leach mine is split equally between Amax Gold (au-n) …
DIAMOND PAGE — Exploration adds to potential of diamond project
The Ekati diamond mine in Canada’s Northwest Territories is on schedule to begin production in the fall of 1998. In the meantime, partners Dia Met Minerals (DMM-T) and BHP Diamonds plan to bulk-sample…
DIAMOND PAGE — Trivalence sells huge diamond
The fourth sale this year of diamonds from the Aredor concession in Guinea, West Africa, by Trivalence Mining (TMI-V) included one stone that topped 70 carats in size.In total, 4,214.1 carats were sol…
Noranda takes shine to Brazilian base metals
Noranda (NOR-T) will earn a 70% interest in the Aripuana base metals project in Brazil’s Mato Grosso state from juniors Ambrex Mining (AMBX-C), Ourominas Minerals (OMI-T) and St. Genevieve Resources (…
MOST ACTIVE ISSUES, Oct. 29-Nov. 4
ExchgVol(000s)Close.ZSTuscany ResA92870.36Inmet MiningT…
LME WAREHOUSE LEVELS (November 10, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov.3/97 (change from previous week in brackets):MetalStock(tonnes)Change…
Chinese gov’t OKs JV with junior
The government of China has issued a business licence to the Yingezhuang gold mining company — a 50-50 joint venture between Asia Minerals (AMP-A) and state-owned Zhaoyuan Gold.The licence will enabl…
PRODUCER AND DEALER PRICES (November 10, 1997)
Aluminium: LME settlements US$1,585, alloy US$1,475 per tonne (Nov. 4/97).Antimony: Composite free market, US$1,820 per tonne (Nov. 4/97).Bismuth: Composite free market US$3.40 per lb. (Nov. 4/97).Cad…
Phoenix picks up Borealis
Golden Phoenix Minerals (GPXM-O) has acquired the Borealis mine project in eastern Nevada.The company paid 225,000 shares to the owner, J.D. Welsh & Associates, in lieu of the previously agreed upon f…