First Dynasty concludes Armenian deal
After months of negotiations, First Dynasty Mines (FDM-T) is about to conclude a deal with the Armenian government for reactivation of the Zod and Meghradzor gold mines.The deal, which is expected to …
News
GOLD FUNDS (August 25, 1997)
Gold Funds as of August 14, 1997BGRCentralNet Value$18.64$5.60Price$14.80…
DIAMOND PAGE — SouthernEra finds new pipe at Back Lake
A new kimberlite has been exposed by hand-trenching and test-pitting on the Back Lake project, northeast of Camsell Lake in the Northwest Territories.The kimberlite body is land-based and was found by…
LITERATURE REVIEW — Cambiex Exploration acquires gold project in south Peru
The Arequipa region of southern Peru has attracted the attention of Cambiex Exploration (CBX-T), the exploration arm of parent company and majority shareholder Cambior (CMH-T).Cambiex recently signed …
Zinc price, higher output add strength to Cambior — Work stoppage at Omai gold mine in Guyana ends after three days
Increased capacity at the Omai gold mine in Guyana and improved prices for zinc in the first half of 1997 combined to increase net earnings at Cambior (CJB-T) to US$3.3 million, compared with US$2.1 m…
LITERATURE REVIEW — NEWS ROUNDUP — Magnetic anomaly attracts Major General
Major General Resources (MGJ-V) is set to begin drilling on the Olympic copper property, situated north of Dawson City, Y.T.The program will test a series of chargeability zones hosted in an iron-rich…
Fortune expands Nico zone
Drilling by Fortune Minerals (FORM-C) has expanded known mineralization at the Nico property, 170 km northwest of Yellowknife, N.W.T.The new drilling, in the south-central part of the property’s Bowl …
LITERATURE REVIEW — Hedging gains reduce Pegasus’ losses
Low prices present challenges for any gold producer, but companies with low-grade operations are often hardest-hit by weakening prices for the precious yellow metal.Pegasus Gold (PGU-T), which operate…
Eldorado nixes Gencor deal
Blaming a change in market sentiment for gold, Eldorado Gold (eld-t) has opted not to proceed with the proposed US$193.6-million acquisition of two operating gold mines and nine exploration projects i…
LITERATURE REVIEW — United Keno seeks financing
A licence issued by the Yukon Water Board will enable United Keno Hill Mines (UKH-T) to move forward with plans to resume production at its namesake silver-lead-zinc mine there.The permit has been for…
METAL PRICES — Daily Metal Prices (August 25, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateAug. 19Aug. 18Aug. 15Aug. 14A…
PRODUCER AND DEALER PRICES (August 25, 1997)
Aluminium: LME settlements US$1,711 per tonne, alloy $1,475 per tonne (Aug.19/97).Antimony: Composite free market, US$1,890 per tonne (Aug. 18/97).Bismuth: Composite free market US$3.60 per lb. (Aug. …