METAL PRICES — Daily Metal Prices (August 18, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateAug. 12Aug. 11Aug. 8Aug. 7Aug…
News
Mountain Lake tests zinc target
Zinc mineralization was intersected by Mountain Lake Resources (moa-v) while drill-testing the Malisect nickel-copper prospect in the Bathurst area of New Brunswick.The property is 25 km west of the H…
DIAMOND PAGE — Financing for American Gem
Montana-based sapphire producer American Gem (gem-t) has raised $1.3 million in a private placement of 4.4 million shares at 30 cents each.The purchasers are Canadian and European institutional invest…
GREATEST VALUE TRADED, August 6-12
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
Nugget Pond startup strengthens Richmont
The start of production at the Nugget Pond mine, near Baie Verte, Nfld., enabled Richmont Mines (ric-t) to boost its operating cash flow tenfold in the second quarter, compared with 1996 levels. Also,…
Royalty sisters report mixed quarter
Rescheduling of operations at Barrick Gold’s (abx-t) Goldstrike project in Nevada has boosted first-quarter earnings for Euro-Nevada Mining (an-t), while impeding those of sister company Franco-Nevada…
COMMENTARY — Communication is key
The author is a senior geologist at Watts Griffis & McOuat and has written the following article at the request of Keep Mining in Canada, a grassroots campaign designed to increase awareness of the im…
DIAMOND PAGE — Cypango arranges placement
Cypango Ventures (cav-v) has arranged a brokered private placement of up to 5 million special warrants at a price of 40 cents per warrant.Each special warrant will be exchangeable into one common shar…
CIM meeting to discuss exploration methods
The methods and limitations of mineral exploration will be the focus of a symposium to be hosted by the Mineral Economics Society of the Canadian Institute of Mining, Metallurgy & Petroleum on Sept. 2…
DIAMOND PAGE — More kimberlite found at Klipspringer project
SouthernEra Resources (suf-t) has found a kimberlitic body on a strike extension of the Sugarbird fissure on its Klipspringer project in South Africa’s Northern province.The new body has been traced i…
DIAMOND PAGE — De Beers flies high in first half
During the first six months of 1997, earnings for South Africa-based De Beers Consolidated Mines (dbrs-q) increased to US$507 million, compared with US$482 million in the first half of 1996.The rise i…
DIAMOND PAGE — Ashton identifies additional kimberlite
Diamond explorer Ashton Mining of Canada (aca-t) has discovered yet another kimberlite at the Buffalo Hills project in northern Alberta, bringing to 16 the number found since January.Newly discovered …