SPOT PRICES (July 28, 1997)
Wednesday, July 23, 1997Price (US)Week’s ChangeGold*$324.35+ $4.85Silver*$ 4.30…
News
Breakwater Resources acquires two zinc mines
Breakwater Resources (BWR-T) is adding to its portfolio two zinc operations — one in Tunisia and the other in Chile.For a purchase price of US$19.3 million, the company will acquire Societe Miniere d…
MSV options Noranda’s Tortigny
The exploration subsidiary of Noranda (NOR-T) is optioning to MSV Resources (MSV-T) up to 100% of its Tortigny copper-zinc property near Chibougamau, Que.MSV may earn a half interest by spending $500,…
STOCK MARKETS — Golds rebound as TSE continues at record clip — Spot gold price returns to low US$320s; TSE 300 hits 6755
The feverish activity of North America’s markets continued unabated during the report period ended July 22, with the week being punctuated by U.S.Federal Reserve Chairman Alan Greenspan ruling out any…
METAL PRICES — Daily Metal Prices (July 28, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJuly 22July 21July 18July 17J…
Viceroy explores Brewery Creek targets
With the Brewery Creek gold mine up and running (T.N.M., June 23/96), operator Viceroy Resource (VOY-T) is turning its attention toward exploring several targets elsewhere on the Yukon property.A US$1…
Second group bids for IG mine contract
Vancouver-based Indochina Goldfields (ING-T) has received a second offer for the financing and construction of its Monywa copper project in Myanmar.The proposal combines financing from Daewoo Corp., a…
Softrock adds to Greenland ground
Results of recent geological and geophysical surveys have prompted Softrock Petroleums (STZ-A) to further explore its Lindenow property in southeast Greenland.The junior says the property is prospecti…
Nelson prepares to resuscitate Kalana
A feasibility study by Nelson Gold (NLG-T) calls for a 2-stage development program at the Kalana gold project in Mali, in preparation for a return to production.Ashanti Goldfields (AHD.U-T) holds an 8…
DIAMOND PAGE — Drills turn near Voisey’s Bay
Three diamond drill rigs are at work on the VBE-1 claim block, situated east of, and adjacent to, Inco’s Voisey’s Bay nickel-Copper-Cobalt project in eastern Labrador.The program is operated by Falcon…
Greatest Value Traded, July 16-22
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
Anglo to explore Kabanga
Over the next two years, South African mining house Anglo American plans to spend at least US$7 million exploring Sutton Resources’ (STT-V) Kabanga nickel project in northwestern Tanzania.Exploration …