Toronto Stock exchange indices
1997July 29July 28July 25July 24July 23HighLowCom…
News
Court clears Glimmer Res. sale
Under a Canadian court action, the sale of Glimmer Resources (GME-V) may proceed.The General Division of the Ontario Court ruled that the right of first refusal in the Glimmer mine joint-Venture agree…
STOCK MARKETS — Junior plays help western markets recover from slump — Winspear, Mar-West and Stratabound among host of winning mining issues
The Vancouver Stock Exchange composite index closed up six points at 809.45 over the report period ended July 29, for a 0.7% gain. The mining index followed suit, rising 6.09 points, or 0.8%, to finis…
Metal prices — Daily Metal Prices
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJuly 29July 28July 25July 24J…
NDT takes shine to Staghorn results
Although the nickel values remain uneconomic, NDT Ventures (NDE-V) is encouraged by the latest drill data from its projects in Labrador.On Project 11-3, a joint venture with Essex Resource (ESX-V), ho…
Amax reports record output
With three new mines in operation, quarterly gold production for Amax Gold (AU-N) has reached record levels.The three mines — Fort Knox in Alaska, Kubaka in eastern Russia and Refugio in Chile — con…
Geomaque expands Honduran deposit
Geomaque Explorations (GEO-T) has extended the San Juan zone as a result of drilling carried out on the Vueltas del Rio gold project in northwestern Honduras.Drilling began in February in the eastern …
Gitennes extends Rio Suro
Stepout drilling by Gitennes Exploration (GIT-A) has extended the Rio Suro zone on the Virgen gold property in north-Central Peru.Three reverse-Circulation (RC) holes, drilled south of the zone’s prev…
Conference focuses on reclamation
A symposium entitled “Reclamation in the Rockies” will be held Sept. 22-25 at the Inn of the South in Cranbrook, B.C.The event is being co-sponsored by the Canadian Land Reclamation Association and th…
Mining a boon to Colorado’s coffers
Mining contributed, both directly and indirectly, a total of US$7.6 billion to Colorado’s economy in 1995, according to a recent study.In a report entitled Everything Begins with Mining — Mining and …
DIAMOND PAGE — River Ranch gets financing
A new financing will enable the operators of the River Ranch diamond mine in Zimbabwe to repay some debt.The joint-Venture company, owned equally by Toronto-based Redaurum (RRK-T) and Auridiam Consoli…
DIAMOND PAGE — Buyers pay top dollar for United Reef gems — CAR diamond project expansion continues
Toronto-based diamond producer United Reef (URP-T) has sold 1,440.5 carats of diamonds from its Mbala mine in the Central African Republic (C.A.R.) for just under US$300,000.The average selling price …