DIAMOND PAGE — Namco incurs quarterly loss
British-based Namco (nmr-t) incurred a loss of just over$3 million for the year ended May 31, 1997.The company continued development of its sea-floor diamond project off the coast of Namibia, which is…
News
DIAMOND PAGE — Archon expands search for kimberlite targets
Under the direction of Stewart Blusson, Archon Minerals (acs-v) is broadening its search for diamondiferous kimberlites in the Northwest Territories by forming alliances with several junior companies….
COMMENTARY — Congo is open for business
The mining potential of the Democratic Republic of Congo, though tremendous, has not been properly exploited.As a result of the lack of exploitation of our natural resources, we are experiencing pover…
MOST ACTIVE ISSUES, July 30-Aug 5
ExchgVol(100s)ClosePlacer DomeT392323.15CrystallexT…
GREATEST VALUE TRADED, July 3-Aug 5
ExchgValue($000s)HighLowCloseChangeInco LtdT87337…
SPOT PRICES (August 11, 1997)
Wednesday, August 6, 1997Price (US)Week’s ChangeGold*$318.85-$7.55Silver*$ 4.34…
Rio Tinto farms out PNG porphyry
Rio Tinto (rtp-n) has farmed out a minority interest in the Wafi copper-gold porphyry in Papua New Guinea to an Australian firm.The British giant has given Provincial Gold Fields the opportunity to ac…
Golden Goose Resources updates Magino resource estimate
Toronto-based junior Golden Goose Resources (ggr-t) has revised the resource estimate for its Magino gold mine property, 45 km northeast of Wawa, Ont.The company is hoping to revive the former undergr…
Lyon Lake finds more gold in Costa Rica
Quebec-based Lyon Lake Mines (LLL-M) has received encouraging results from its final round of drilling at the Canamazo concession, on the western part of the Beta Vargas property in Costa Rica.The res…
Gitennes extends Rio Suro
Stepout drilling by Gitennes Exploration (GIT-A) has extended the Rio Suro zone on the Virgen gold property in north-Central Peru.Three reverse-Circulation (RC) holes, drilled south of the zone’s prev…
People — RIO NARCEA
Alberto Lavandeira appointed president and chief operating officer.
People — CRYSTALLEX INT’L
Harry Near appointed director.