TORONTO STOCK EXCHANGE INDICES (August 25, 1997)
1997 –Aug 19Aug 18Aug 15Aug 14Aug 13HighLowCompo…
News
STOCK MARKETS — TSE lives through another selloff — Metals and golds keep sinking as
broad market recoversLike its counterparts around the world, the Toronto Stock Exchange was hit by a correction on Aug. 15. But the TSE 300 composite index rallied on Aug.19 to recover most of the los…
Cameco inks Russian deal
Three parties — Cameco (CCO-T), Paris-based Cogema and privately held Connecticut-based uranium trader Nukem — have signed anagreement-in-principle with the Russian Federation to buy uranium taken f…
Mines pour first gold
Two mines in separate parts of Canada celebrated their first gold pours recently.Rea Gold (REO-T) announced that the Bissett gold mine in eastern Manitoba is now hoisting and milling ore. The first go…
MOST ACTIVE ISSUES, August 13-19
ExchgVolume(000s)CloseMeridian GoldT54536.45Eldorado GoldT…
Ventures seeks opportunity in southwestern Alaska
Having terminated its exploration project in Eritrea, East Africa, Ventures Resources (VRS-V) is focusing all of its efforts on Alaska.The company recently released the first batch of drill results fr…
Kazakstan kills Gold Pool contract
Things are getting ugly in Kazakstan: Just weeks after cancelling World Wide Minerals’ (WWS-T) contract to manage uranium operations in Stepnogorsk, the Kazakstani government’s State Property Departme…
LME WAREHOUSE LEVELS (August 25, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.18/97 (change from previous week in brackets):MetalStocks(tonnes)Change…
Mispec to launch resource calculation
Drilling by Mispec Resources (MPE-M) at its Jampang gold project in West Java, Indonesia, continues to return impressive results.In the latest program, the company completed 4,000 metres in 28 reverse…
FACTS ‘N’ FIGURES — Bullish future for aluminum
The most important feature of the aluminum market during recent months has been the rapid drawdown of the visible exchange and producer-held stocks. The decline has been supported by a strong recovery…
First Dynasty concludes Armenian deal
After months of negotiations, First Dynasty Mines (FDM-T) is about to conclude a deal with the Armenian government for reactivation of the Zod and Meghradzor gold mines.The deal, which is expected to …
DIAMOND PAGE — SouthernEra finds new pipe at Back Lake
A new kimberlite has been exposed by hand-trenching and test-pitting on the Back Lake project, northeast of Camsell Lake in the Northwest Territories.The kimberlite body is land-based and was found by…