MOST ACTIVE STOCKS
ExchgVol(000s)CloseBre-X MnrlsT844670.10Pure Gld ResT…
News
Spot Prices (May 12, 1997)
Wednesday, May 7, 1997Price (US)Week’s ChangeGold*$340.65+ $0.20Silver*$ 4.72…
Cameco gets nod for McArthur River
The Saskatchewan government has given its consent to Saskatoon-based Cameco (CCO-T) to develop the McArthur River uranium project.Situated 620 km north of Saskatoon, the project has a resource of 416 …
Lone Star shelves plans for Awak Mas gold mine
Low gold prices and preliminary results of a feasibility study have forced Lone Star Explorations (LSE-V) to put off construction of its Awak Mas gold project in Indonesia.The Australian company says …
Teck and Getchell report Rainbow results
Encouraging results have been reported for all six holes drilled on the Rainbow copper-gold property in southern British Columbia.Situated southeast of Kamloops, the project is a 70-30 joint venture b…
Lower metal prices squeeze first-quarter earnings of Teck
Higher gold and copper production by Teck (TEK-T) were offset by lower prices during the first quarter, resulting in a decrease in earnings.The company reported a profit of $15 million (or 16 cents pe…
Sahelian acquires Poura
Toronto-based Sahelian Goldfields (SHGI-C) has acquired the Poura mine, a former gold producer in Burkina Faso, West Africa.In addition to the mine, which has produced more than 600,000 oz. gold from …
LETTER TO THE EDITOR — Tory education cuts undermine industry’s future
The so-called “attack” on the deficit by the Progressive Conservative government of Ontario is really an attack on the Ontario education system.The $800 million that has been extracted from public edu…
DIAMOND PAGE — Chivor produces more gems
Toronto-based Chivor Emerald (CHIV.U-C) has produced an additional 1,100 carats of emeralds from its Oriente mine in the Chivor district of Colombia.The emeralds are being mined from a vein system 15 …
TSE INDICES (May 12, 1997)
1997May 6May 5May 2May 1Apr 30HighLowComposite”30…
Court dismisses Kemess South injunction
The British Columbia Supreme Court has dismissed an application by two native bands intent on halting operations at the Kemess South gold-copper mine, owned by Royal Oak Mines (RYO-T).The Tsay Keh Den…
COMMENTARY — Ontario’s regulatory process a source of frustration for miners
One of the key determinants of the cost of undertaking mineral exploration and extraction activities is the regulatory process to which these activities must be subjected for approval.In recent years,…