Son of Sodmex launched
Montreal-based Capital d’Amrique, a company linked with the public fund manager Caisse de dp(tm)t et placement du Quebec, is investing $15 million to start up Sodmex II, a Quebec-based exploration and…
News
Nuinsco to drill at Rainy River
Two financings are expected to generate $3 million and allow Nuinsco Resources (NWI-T) to accelerate drilling at its wholly owned Rainy River project in northwestern Ontario.The Toronto-based junior p…
Red Lake drilling shows promise for Goldcorp
Mineralization discovered this spring at the Goldcorp (G-T) mine in Red Lake, Ont., is quickly being expanded into a resource.The new zone, unveiled last June, is on the 24 level, 1,100 metres below s…
Romarco finds high-grade gold at Dixie
The Midas district of northern Nevada is known for hosting high-grade gold mineralization, and Romarco Minerals (R-T) is showing that its Dixie claims are no exception.While drilling the southern port…
Exall Resources reports rise in second-quarter revenue
The jointly owned Glimmer gold mine near Matheson, Ont., produced 6,258 oz.of the yellow metal in the second quarter and is on track to reaching full production during the fourth.Majority owner and op…
Corporate success topic of next CIM luncheon
The elements of a successful mining company will be the topic of discussion at the next luncheon of the Canadian Institute of Mining, Metallurgy & Petroleum, to be held at 12 noon on Thursday, Sept. 1…
STOCK MARKETS — Mining-led VSE makes a turnaround in August — Market provides mixed bag for juniors working abroad
Led by mining issues, the Vancouver Stock Exchange composite index ended a 5-month slide in August by posting a 3% gain over the month of July. The mining indicator added 3% to its value during the mo…
Radisson Mining withdraws $15.5-million prospectus
Citing “unfavorable market conditions,” Rouyn-Noranda, Que.-based Radisson Mining Resources (rds-m) is withdrawing its current prospectus, which qualified the offering of its securities for a maximum …
METAL PRICES — Daily Metal Prices (September 08, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateSept. 2Sept. 1Aug. 29Aug. 28A…
SPOT PRICES (September 08, 1997)
Wednesday, September 3, 1997Price (US)Week’s ChangeGold*$322.00- $3.30Silver*$ 4.6…
DIAMOND PAGE — SouthernEra orders DMS plant
SouthernEra Resources (SUF-T) has placed an order for a modular dense media separation (DMS) plant, which will be commissioned early next year at its Klipspringer diamond project in South Africa.The p…
EDITORIAL — Business, labor have bridges to build — Forging alliances
Glen Clark, premier of British Columbia, has realized something that completely escaped his predecessor, Michael Harcourt — namely that labor and business can work together to fight policies that wil…