Lytton, Indigo join Alberta play
Partners Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A) have joined the hunt for Alberta diamonds by entering into a preliminary agreement with Birch Mountain Minerals (BMD-A) on a package o…
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TORONTO STOCK EXCHANGE INDICES (February 02, 1998)
1998Jan. 27Jan. 26Jan. 23Jan. 22Jan. 21HighLowCom…
Richmont boosts output — High grades at Nugget Pond boost production
The start of commercial production at the Nugget Pond gold mine last spring has enabled Richmont Mines (RIC-T) to report a 140% increase in gold production for 1997.The underground mine is in the Baie…
Aurizon gives thumbs-up to Casa Berardi — Exploration aimed at restarting past producer in Quebec
After completing a due diligence review of the Casa Berardi mine, management of Aurizon Mines (ARZ-T) has approved plans to acquire 100% of the mine complex, situated in the Abitibi region of northwes…
Atna ups tonnage at Wolverine
Atna Resources (ATN-T) and partner Westmin Resources (VMI-T) have announced a 17.5% increase in the in situ mineral resource of the Wolverine massive sulphide deposit in southeastern Yukon.The resourc…
Hall of Fame event stresses human side of mining
The induction ceremonies for the ninth annual Canadian Mining Hall of Fame, held recently at Toronto’s Royal York Hotel, paid tribute to six inductees whose careers showed not the importance of mining…
NW Quebec prospectors fight to save ground-staking
A plan put forward by Quebec’s ministry of natural resources to revise the provincial mining act is drawing criticism from two of the province’s prospectors associations.Amendments being proposed unde…
STOCK MARKETS — VSE gains some ground while ASE ends week on down note — Drill results add value to Francisco; Kalahari benefits from Sunstate deal
The Vancouver Stock Exchange composite index added 2.07 points, or 0.3%, to close at 596.13 over the report period ended Jan 27. The mining index also finished on an up-note, gaining 5.45 points, or 1…
GOLD FUNDS (February 02, 1998)
Gold Funds as of January 22, 1998BGRCentralNet Value$14.67$6.21Price$11.40…
DIAMOND PAGE — Earth Sciences inks Venezuelan diamond deal
Earth Sciences (ESCI-Q) has acquired the right to explore for diamonds in the Gran Sabana, a large treeless expanse in southeastern Venezuela.The vendor, a Venezuelan company known as CODSA 14, contro…
STOCK MARKETS — HTSE golds zoom skyward with metal price — Base metals also better in generally buoyant market
Led by the banks and golds, the Toronto Stock Exchange 300 index rose 212.27 points during the report period Jan. 21-27, ending the week at 6721.72, or 3.26% over its level of the previous week.Tradin…
St. Gen, KWG unveil restructuring plan
As part of a joint restructuring plan, St. Genevive Resources (SGVE-C) and KWG Resources (KWGR-C) are asking most of their creditors to swap debt for an equity stake in the two companies.St. Gen is as…