Junior mining stocks were battered over the report period ended April 15.The Vancouver Stock Exchange composite index closed down 55.59 points, or 5.06%, to 1,043.44, whereas the resource index fell 1…
Despite a slight downturn in copper prices, Phelps Dodge (PD-N) earned a profit in the first quarter.Income amounted to US$137.5 million (or $2.12 per share) on revenue of just over US$1 billion, comp…
The Stock mill near Matheson, Ont., has begun operating again after a suspension of nearly three years.The mill, which is owned and operated by St Andrew Goldfields (SAS-T), recently began milling ore…
Low levels of minable oxide reserves and the current gold price have induced Cathedral Gold (CAT-T) to suspend mining at its 90%-owned Sterling gold mine near Beatty, Nev.The remaining 10% interest is…
Vengold (VEN-T) has increased its interest in the Lihir gold project in Papua New Guinea to 7.1% from 5.7%.Under an arrangement with National Provident Fund, one of Papua New Guinea’s leading financia…
The Toronto Stock Exchange 300 composite index took a nose-dive during the report period ended April 16, dropping 77.46 points (or 1.3%) to 5,743.55.However, a jump of 64.22 points in trading on April…
Caledonia Mining (CAL-T) has optioned half of its wholly owned Kikerk diamond property to Portree.To earn a half interest, Portree has agreed to spend $1 million exploring the property, which is in th…
Encouraging results are reported from 42 reverse-circulation holes drilled on the Bombore joint-Venture gold project in Burkina Faso, West Africa.Channel Resources (CHU-V) has a 90% interest in the Bo…
George Gorzynski appointed director.
J. Lawrence appointed director.
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 14/97 (change from previous week in brackets):Aluminium835,175(-9,400)Copper155,775(-11,350)Lead107,925(+50)Nickel51,0…
Paul Cowlery appointed director.
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