Placer, Etruscan revise deal
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…
News
DIAMOND PAGE — Kennecott keeps stake in SouthernEra
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…
DIAMOND PAGE — Ashton finds new kimberlite at Buffalo Hills
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 …
First Dynasty to retain New Millennium
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…
GREATEST VALUE TRADED (November 10, 1997)
ExchgVol(000s)HighLowCloseChange.ZS.Barrick GoldT…
SPOT PRICES (November 10, 1997)
Wednesday, November 5, 1997Price (US)Week’s ChangeGold*$314.60+ $0.90Silver*$ 4.85…
STOCK MARKETS — Volatililty rules on western markets as trading skyrockets — Donner, partners cool down as investors size up South Voisey’s Bay
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…
TORONTO STOCK EXCHANGE INDICES (November 10, 1997)
1997Nov. 4Nov. 3Oct. 31Oct. 30Oct. 29HighLowCompo…
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…
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) …