Placer writes off Marcopper stake
Placer Dome (PDG-T) has divested itself of its interest in Marcopper Mining of the Philippines, following a tailings spill in 1996 that forced the Vancouver company to take a US$43-million charge agai…
News
High-grade skarn identified at Pajaritos
General Minerals (GNM-T) has intercepted high-grade copper-gold values at its Pajaritos property in Chile.The company recently drilled eight holes, each of which intercepted anomalous values. The high…
Silver Century Explorations options Falconbridge’s Temagami properties
Silver Century Explorations (SVC-A) has entered into an option agreement with Falconbridge (FL-T) regarding a 2,800-ha property group in Strathy and Cassels twps., north of Temagami, Ont.Silver Centur…
THE DIAMOND PAGE — Canabrava finds large diamond in Brazil
A 37.8-carat diamond has been recovered from a small stream that drains five magnetic targets on Canabrava Diamond’s (CNB-V) joint-ventured Quintinos property in eastern Brazil.The targets form part o…
GREATEST VALUE TRADED (March 31, 1997)
ExchgValue($000s)HighLowCloseChangeBre-X MnrlsT38…
THE DIAMOND PAGE — Spider Resources acquires African diamond concessions
Montreal-based diamond explorer Spider Resources(SPQ-A) has acquired options on two adjacent concessions in Guinea, West Africa.The company can earn a 50% interest in an alluvial deposit and a 70% int…
NEWS IN BRIEF (March 31, 1997)
Jettra Resources (JET-V) has changed its name to Great Canadian Gaming (GCD-V).
THE DIAMOND PAGE — DiamondWorks starts mining in Angola
DiamondWorks (DMW-V) has begun mining alluvial diamonds at its Luo project in Angola, following the commissioning of a 120-tonne-per-hour floating dredge.The dredge, airlifted in from South Africa, be…
STOCK MARKETS — Bre-X debacle leaves TSE bloody
The Toronto Stock Exchange looked like it was having a routine week, until the junior mines went over the cliff.The chain of events started with an announcement, on the morning of March 26, that tradi…
Spot prices at a glance (March 31, 1997)
Wednesday, March 26, 1997Price (US)Week’s ChangeGold*$346.80- $2.15Silver*$ 5.09…
TSE SHORTS (March 31, 1997)
Short positions outstanding at March 15, 1997Larger individual positions included: Barrick Gold 11,043,672, down 561,749; Agnico-Eagle 224,166; AJ Perron Gold 376,400; Antares Mining & Exploration 215…
THE DIAMOND PAGE — Redaurum develops South African mine
The Rooiberg alluvial diamond project of Redaurum (RRK-T) is on its way to minehood.The company has applied to the South African government for a licence to develop its 4,300-ha Rooiberg property, whe…