LME WAREHOUSE LEVELS (June 16, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 9/97 (change from previous week in brackets):Aluminium718,075(-16,525)Copper128,125(-4,375)Lead117,550(-275)Nickel51,86…
News
DIAMOND PAGE — Cypango closes placement
A $1.8-Million private placement will enable diamond hunter Cypango Ventures (CAV-V) to fund exploration in Canada’s Northwest Territories.The placement consisted of 2 million special warrants priced …
EDITORIAL PAGE — Western securities commissions forge ties — Two heads better than one
One needn’t peer into a crystal ball to know that, despite well-Meaning efforts, Canada is not likely to have a national securities commission governing the conduct of public companies and the investm…
RTZ-CRA changes name
The dual-listed company formed by the merger of British-based RTZ and Australian-based CRA will henceforth be listed under two names: Rio Tinto PLC and Rio Tinto Ltd., respectively.The companies merge…
Teck to drill Barry gold property
The Barry gold property near Quvillon-Chibougamau, in northwestern Quebec, has a history of delivering plenty of smoke but no fire.The property enjoyed its 15 minutes of fame in the spring of 1995 whe…
Cameco producing at Kumtor
Cameco (CCO-T) reports that the Kumtor gold mine in the Tien Shan mountains of eastern Kyrgyzstan has entered into commercial production, with a declared starting date of May 1, 1997.The company state…
Armada eyes gold in Chita
Armada Gold (AAU-T) has signed a protocol with the regional administration of Chita Oblast, Russia, addressing the future development of its Baley gold project.The agreement covers various tax issues …
Chase expands gold zone at Archangel
Drilling by Chase Resource (CQS-T) at its Archangel gold-copper property in the Philippines has expanded the oxide gold zone.An initial 13-hole program of reverse-circulation drilling, comprising 1,54…
Princeton postpones rollback, suffers loss
Poor market conditions have forced Princeton Mining (PMC-T) to postpone a planned 5-for-1 share rollback.The transaction had been approved previously, but, because of the battering many mining stocks …
Silver Standard hits high grade in Bolivia
A 40-hole drill program at El Asiento, a silver-gold property in southwestern Bolivia, has returned positive results for Silver Standard (SSO-V).The 4,219-Metre program was drilled to test targets in …
Toronto Stock Exchange Indices (June 09, 1997)
1997June 3June 2May 30May 29May 28HighLowComposit…
Greatest Value Traded, May 28-June 3
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…