Falconbridge joins Labrador nickel search
Having lost the only “sure-Thing” nickel project in Labrador — Voisey’s Bay — to arch-rival Inco (N-T), Falconbridge (FL-T) has decided to spend a small portion of its $101-Million consolation prize…
News
LETTER TO THE EDITOR — Bre-X coverage top-Notch
Having read your latest reports on Bre-X Minerals (T.N.M., March 26 and April 7/97), I am now able to assess the situation for myself.Instead of falling into sensationalism or making questionable and …
SouthernEra’s diamonds appraised
SouthernEra Resources (SUF-T) has received the valuation results for diamonds discovered at its Klipspringer project in South Africa.A parcel of 4,832 carats from run-of-Mine production evaluated by f…
Viceroy Res. posts loss over 9-Month period in 1996
For the last nine months of 1996, Viceroy Resource (VOY-T) suffered a loss of $39.2 million, or 80 cents per share.The loss stemmed from a $39.6-Million adjustment in the carrying value of the company…
STOCK MARKETS — Toronto composite index on the mend as gold jitters continue — Some base metals gain momentum lost in previous weeks
The Toronto Stock Exchange 300 composite index took a nose-dive during the report period ended April 16, dropping 77.46 points (or 1.3%) to 5,743.55.However, a jump of 64.22 points in trading on April…
Caledonia secures partner for Kikerk — BHP completes till-sampling program at Dunvegan
Caledonia Mining (CAL-T) has optioned half of its wholly owned Kikerk diamond property to Portree.To earn a half interest, Portree has agreed to spend $1 million exploring the property, which is in th…
METAL PRICES — Daily Metal Prices (April 21, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApr. 15Apr. 14Apr. 11Apr. 10A…
LETTER TO THE EDITOR — The search for mines remains a risky venture
Your recent editorial, “The Bitter Taste of Humble Pie” (T.N.M., April 14/97), was far more contrite than present circumstances warrant. A bad situation has been made far worse, not by the more constr…
GOLD FUNDS (April 14, 1997)
Gold Funds as of April 3, 1997BGRCentralNet Value$21.43$6.04Price$16.75$6…
NEWS IN BRIEF (April 14, 1997)
Swannel Minerals (SNL-V) has changed its name to Globenet Resources (GBR-V) on a 1-new-for-10-old-share basis.
Corrections (April 14, 1997)
Arauco Resources (ARU-V) has acquired full ownership of the George Lake gold project. Incorrect information appeared in our issue of March 31.
LME WAREHOUSE LEVELS (April 14, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 7/97 (change from previous week in brackets):Aluminium844,575(-8,425)Copper167,125(-10,125)Lead107,875(+950)Nickel48,5…