GOLD FUNDS (April 21, 1997)
Gold Funds as of April 10, 1997BGRCentralNet Value$20.91$6.00Price$16.70$…
News
LETTER TO THE EDITOR — Bre-X coverage top-Notch
Having read your latest reports on Bre-X Minerals (T.N.M., March 26 and April 7/97), I am now able to assess the situation for myself.Instead of falling into sensationalism or making questionable and …
Ashton increases holdings in Buffalo Hills
Encouraged by its recent discovery of 11 kimberlite bodies in the Buffalo Hills area of north-central Alberta, Ashton Mining of Canada (ACA-T) has acquired a position in an additional 21-Million-Acre …
SouthernEra’s diamonds appraised
SouthernEra Resources (SUF-T) has received the valuation results for diamonds discovered at its Klipspringer project in South Africa.A parcel of 4,832 carats from run-of-Mine production evaluated by f…
Viceroy Res. posts loss over 9-Month period in 1996
For the last nine months of 1996, Viceroy Resource (VOY-T) suffered a loss of $39.2 million, or 80 cents per share.The loss stemmed from a $39.6-Million adjustment in the carrying value of the company…
Rea proves up Centennial gold deposit in east Nevada
Initial results from confirmation drilling have verified the presence of gold mineralization at the Centennial deposit of the Mt. Hamilton mine in eastern Nevada.Rea Gold (REO-T) reports that the prog…
JM Asbestos heads underground — Noranda’s Magnola to produce magnesium from tailings
JM Asbestos, owner and operator of the Jeffrey asbestos mine in Quebec’s Eastern Townships, is winding down its open-pit operations and gearing up for underground production, to begin in the year 2000…
PRODUCER PRICES (April 21, 1997)
Aluminium: LME settlements US$1,520.50 per tonne, alloy $1,425 per tonne (April 15/97).Antimony: Composite free market, US$2,400 per tonne (April 15/97).Bismuth: Composite free market US$3.11 per lb. …
Winspear and Aber hit kimberlite at Snap
Partners Winspear Resources (WSP-V) and Aber Resources (ABZ-T) have intersected 107 metres of a complex kimberlite breccia in the Snap Lake area of the Camsell Lake diamond project in the Northwest Te…
TORONTO STOCK EXCHANGE INDICES (April 21, 1997)
1997Apr.15Apr.14Apr.11Apr.10Apr.9HighLowComposite…
Greatest Value Traded, April 9-15
ExchgValue($000s)HighLowCloseChangeInco LtdT11885…
LETTER TO THE EDITOR — The search for mines remains a risky venture
Your recent editorial, “The Bitter Taste of Humble Pie” (T.N.M., April 14/97), was far more contrite than present circumstances warrant. A bad situation has been made far worse, not by the more constr…