Placer Dome sells Endako molybdenum mine
Placer Dome (PDG-T) is closing a chapter in its history by selling the last mine it operates in British Columbia — the Endako molybdenum operation.The Vancouver-based company has signed a letter of i…
News
STOCK MARKETS — Western market sluggish despite good news for juniors — Indonesian explorers rally ’round CoWs; Alberta diamond hunters owe boost to kimberlite find
Western markets continued to grapple for footing over the report period ended April 29. The Vancouver Stock Exchange composite index was down 12.45 points, or 1.2%, at 1,022.69, while the resource ind…
St Andrew increases width of West Porphyry
Infill and stepout drilling by St Andrew Goldfields (SAS-T) continues to add potential to the West Porphyry zone on the Taylor property, near Matheson, Ont.In the latest round, St Andrew drilled two i…
Inco plans Voisey’s start-up for late 1999
Michael Sopko, chairman of Inco (N-T), told shareholders at the recent annual meeting that the Voisey’s Bay nickel-copper-cobalt project in Labrador is turning out to be “all we had expected . . . and…
Barrick to buy Gold Bar in Nevada
Barrick Gold (ABX-N) is hoping to gain a foothold in Nevada’s Battle Mountain trend by purchasing the Gold Bar property from Atlas (AZ-N).The major can acquire more than 90% of the property with an op…
Rio Algom aims for top producer status
Lower copper prices over the past year may have contributed to a sluggish year for Rio Algom (ROM-T), but Chairman Gordon Gray is confident the company will eventually become Canada’s premier copper p…
LETTER TO THE EDITOR — Truth or consequences — Enough is enough.
Our group has been in the business of evaluating, exploring and developing gold deposits for many years. Our audits of these deposits, for our benefit and for that of others, have yielded some absolut…
Voisey’s Bay project featured at CIM meeting
Although it is situated on the other side of the country, the Voisey’s Bay nickel-copper-cobalt project was among the deposits highlighted at the 99th annual meeting of the Canadian Institute of Minin…
LETTER TO THE EDITOR — An easily detectable discrepancy in Indonesia
I have followed with great interest The Northern Miner’s reports of the problems facing Bre-X Minerals over the assay results of samples from the Busang property in Indonesia.It is apparent that initi…
DIAMOND PAGE — Lytton, New Indigo process Jericho sample
About a third of a 15,000-tonne underground bulk sample of the land-based JD/OD-1 pipe at the Jericho project in the Northwest Territories has been processed.Partners Lytton Minerals (LTL-T) and New I…
SPOT PRICES (May 05, 1997)
Wednesday, April 30, 1997Price (US)Week’s ChangeGold*$340.45- $0.25Silver*$ 4.66…
GOLD FUNDS (May 05, 1997)
Gold Funds as of April 24, 1997BGRCentralNet Value$20.93$5.89Price$15.70$…