Gold Funds (February 17, 1997)
Gold Funds as of February 6, 1997BGRCentralNet Value$21.50$5.82Price$17.20…
News
PEOPLE — MAJOR GENERAL (February 17, 1997)
Glenn Shevchenko appointed president and director; Bernard Kahlert appointed senior technical advisor and director.
PEOPLE — LEIGH RESOURCE
Gordon Keevil appointed president, director and chief executive officer.
LME Warehouse Levels (February 17, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.10/97 (change from previous week in brackets):Aluminum925,650(-12,825)Copper218,475(+17,975)Lead110,900(-525)Nickel45,17…
Cominco buys stake in Anvil Range
Base metal miner Cominco (CLT-T) has purchased 4.1 million shares of Anvil Range Mining (ARO-T) at $2.30 per share through a recent private placement.Gross proceeds of $9.4 million were paid to Anvil …
KWG adds to Russian portfolio
Montreal-based KWG Resources (KWG-T) can earn up to an 80% interest in seven gold properties held by Buccaneer Mining in the Magadan region of Far Eastern Russia.The agreement also covers three Russia…
Int’l Pursuit pursues Dayak
Determined to become a bigger player in Kalimantan, Indonesia, junior gold explorer International Pursuit (IPJ-T) is attempting a takeover of its partner, Dayak Goldfields (DAYK-C).Pursuit has offered…
Virginia discovers zone at Auclair
Quebec City-based Virginia Gold Mines (VIA-M) has discovered a new zone of gold mineralization at its Auclair property, in the James Bay area of northern Quebec.The zone is hosted in iron formation an…
Dayton boosts mine resources
Gold resources at the Andacollo mine in Chile increased by 30% in 1996, compared with the previous year’s figures.The mine, owned by Dayton Mining (DAY-T), was calculated as hosting 130 million tonnes…
Campbell posts record production
Toronto-based Campbell Resources (CCH-T) produced a record 124,800 oz. gold in 1996, representing a 4% increase over 1995.From the Joe Mann gold-copper mine in Quebec, Campbell extracted 70,400 oz.gol…
Minco expands presence in China
Minco Mining & Minerals (MMM-V) will earn an undisclosed interest in the Gala gold mine in central China.The mine, which has been in production since 1993, is about 15 km from the city of Ganzi in Sic…
Falconbridge gains foothold in Zambian copper belt
A consortium consisting of Falconbridge (FL-T) and South African giants Gencor and Anglo American has gained the exclusive right to conduct a feasibility study on the Konkola copper project in north-c…