Cameco earnings climb
The first nine months of 1997 saw Cameco (CCO-T) make modest gains in revenues and earnings from operations.Net earnings actually declined, however, as a result of a $44-million deferred income tax ex…
News
Russian miners eye TSE listing
The Lebedinsky mine, Russia’s biggest iron ore operation, is seeking to have its securities listed on the Toronto Stock Exchange.General Director Anatoly Kalashnikov told a Moscow press conference tha…
MOST ACTIVE ISSUES (November 03, 1997)
ExchgVol(000s)CloseDonner ResV93983.10 C…
NEWS IN BRIEF (November 03, 1997)
Consolidated Nu-Media Industries (CSM-V) has changed its name to Pan Asia Mining (PAR-V).
Morning Star returns to production
Nevada Manhattan Mining (NVMH-O) intends to place the Morning Star gold mine back in production after it buys the operation from owner Vanderbilt Gold (VAGO-O).The companies are still negotiating a pr…
DIAMOND PAGE — DiamondWorks sells gems
Vancouver-based DiamondWorks (DMW-T) has received more than US$3.1 million from the sale of its first parcel of diamonds from the Luo diamond mine in northeastern Angola.The parcel, sold in Antwerp, B…
SPOT PRICES (November 03, 1997)
Wednesday, October 29, 1997Price (US)Week’s ChangeGold*$313.70- $9.00Silver*$ 4.79…
TORONTO STOCK EXCHANGE INDICES (November 03, 1997)
1997Oct.28Oct. 27Oct. 24Oct. 23Oct. 22HighLowComp…
TSE SHORTS POSITIONS (November 03, 1997)
Short positions outstanding at October 15, 1997Larger individual positions include: Barrick Gold 10,920,447, up 55,992; Beau Canada Exploration 1,000, down 186,219; Bema Gold 4,695,448, down 60,400; C…
COMMENTARY — Reforesting Brazilian mine sites
As part of a commitment to sustainable development, Mineracao Rio do Norte (MRN) and Alcan Aluminio do Brasil are participating in a renewal project in the Brazilian Amazon.The Trombetas bauxite mine …
Seahawk hits gold in Guyana
Seahawk Minerals (SKM-V) is encouraged by the first round of drilling at its Blackwater gold property in Guyana.The company has drilled 12 angle holes, spanning 1,500 metres, on the Macedonia Creek an…
Troymin reports Yukon find
Troymin Resources (TYR-M) has encountered significant values of gold, silver and base metals at its joint-ventured Prospector Mountain property, 240 km northwest of Whitehorse, Y.T.The Calgary-based c…