PEOPLE — METALLICA (May 12, 1997)
Brad Blacketor appointed chief financial officer.
News
Newmont and Santa Fe vote in favor of merger plan
Shareholders of both Santa Fe Pacific Gold (GLD-N) and Newmont Mining (NEM-N) have expressed their overwhelming support for a proposed merger.During a special meeting, both groups of shareholders met …
DIAMOND PAGE — Dia Met and BHP resolve claim dispute
A claim dispute regarding the Northwest Territories Diamonds project has been resolved.Australian mining giant Broken Hill Proprietary (BHP) has signed two separate agreements with its partners in the…
METAL PRICES — DAILY METAL PRICES (May 12, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateMay 6May 5May 2May 1April 30…
Breakwater revives Caribou operation — Company turns $3-Million profit in first quarter
Toronto-based Breakwater Resources (BWR-T) will soon have a third wholly owned zinc operation in production — the resuscitated Caribou project in northern New Brunswick.At the company’s annual meetin…
STOCK MARKETS — VSE slips slightly as Indonesian juniors suffer mightily — Latin America, Canadian diamonds hot as investors shop around
The Vancouver Stock Exchange composite index was down less than 1% for the report period ended May 6, slipping 9.84 points to close at 1,012.85. The resource index shed 32.01 points, or 1.7%, to finis…
PEOPLE — IVANHOE CAPITAL
Jonathan Challis appointed senior vice-president.
PEOPLE — CURION VENTURE
Bruno Mosimann appointed vice-president.
PEOPLE — CONS. SILVER TUSK (May 12, 1997)
Alan Smith appointed director.
STOCK MARKETS — TSE 300 composite claws back above 6,000 mark — Bre-X blackens eyes of jungle explorers; Inco, Rio hitched to nickel’s rise
Not since the report period of March 19 has the Toronto Stock Exchange 300 composite index risen above the 6,000 mark.It returned to that peak during the report period ended May 6, rising 226.4 points…
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 …
Mongolia Gold trenches at Bumbat-West
After delays caused by permitting- and equipment-related problems, Mongolia Gold Resources (MGR-V) is proceeding with a trenching program on a newly discovered geochemical gold anomaly at its 49%-owne…