News

Toronto-based Pentland Firth Ventures (PF-T) has raised $1.6 million by issuing 1.5 million flow-through shares to Kinross Gold (K-T).The shares, which are subject to a 1-year holding period, boost Ki…

Consolidated Nu-Media Industries (CSM-V) has changed its name to Pan Asia Mining (PAR-V).

Gold Funds as of October 23, 1997BGRCentralNet Value$17.99$5.88Price$14.50…

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Wednesday, October 29, 1997Price (US)Week’s ChangeGold*$313.70- $9.00Silver*$ 4.79…

1997Oct.28Oct. 27Oct. 24Oct. 23Oct. 22HighLowComp…

Short positions outstanding at October 15, 1997Larger individual positions include: Barrick Gold 10,920,447, up 55,992; Beau Canada Exploration 1,000, down 186,219; Bema Gold 4,695,448, down 60,400; C…

Troymin Resources (TYR-M) has encountered significant values of gold, silver and base metals at its joint-ventured Prospector Mountain property, 240 km northwest of Whitehorse, Y.T.The Calgary-based c…

Echo Bay Mines (ECO-T) has decided to not proceed with the acquisition of a 75% interest in the Kingking copper-gold porphyry deposit in the Philippines from Benguet (BE-N).Echo Bay and its 25% partne…

Seahawk Minerals (SKM-V) has signed agreements with two Brazilian companies to acquire two gold properties in the South American country.The first property consists of three concessions — Lavras, Pal…

Australian-based major Normandy Mining saw its net profit jump by more than half this past quarter.In the three months ended Sept. 30, Normandy recorded a consolidated net profit of US$32.1 million (u…

MacDonald Mines (MMP.A-A) has signed an agreement with Mill City Gold Mining (MIV-V) to acquire the latter’s 46.5% controlling interest in Golden Hill Mining (GHMC-C).For each share owned by Mill City…