BYG to buy YGC from Wheaton River Minerals
Whitehorse, Y.T.-based BYG Natural Resources (BYG-T) plans to acquire a controlling position in Vancouver-based YGC Resources (YGC-V) for $2.3 million.The deal would see BYG acquire Wheaton River Mine…
News
Tough times ahead for miner that has seen it all — Huge Noril’sk nickel complex weathers the storm of Russian privatization
For Russia, the road to privatization is strewn with anxieties and uncertainties — a situation amply illustrated by recent developments at the Noril’sk Mining and Metallurgical Kombinat in Siberia.Si…
PRODUCER PRICES (March 31, 1997)
ALUMINIUM: LME settlements US$1,612 per tonne, alloy $1,515 per tonne (Mar. 25/97).ANTIMONY: Composite free market, US$2,120 per tonne (Mar. 25/97).BISMUTH: Composite free market US$3.06 per lb. (Mar….
NEW HORIZONS — Formation of ocean deposits
Although large, high-grade deposits recently drilled on the seafloor 200 miles west of Vancouver Island are unlikely to be developed in the near future, they nonetheless provide valuable insight into …
PEOPLE — MING FINANCIAL (March 31, 1997)
Brian Peckford appointed interim president and chief executive officer.
PEOPLE — MINERA PRINCETON CHILE
Thomas Vehrs appointed president and chief operating officer.
PEOPLE — LONE STAR
Michael Cramb appointed chief executive officer and director.
GOLD FUNDS (March 31, 1997)
Gold Funds as of March 20, 1997BGRCentralNet Value$23.16$6.22Price$18.35$…
MSV records second straight annual loss
While it remained in the red, MSV Resources (MSV-T) saw its balance sheet improve somewhat in 1996.The Montreal-based junior recorded a loss of $3.9 million (or 12 cents per share) on revenue of $45 m…
Suicide of Bre-X geologist shocks markets
The apparent suicide of Michael de Guzman, chief geologist for Bre-X Minerals (BXM-T), on March 18 sent shock waves throughout the mining community and, in the process, cast the first doubts about the…
PEOPLE — KENSINGTON (March 31, 1997)
Del Knowlton appointed director.
Exall hits high-grade mineralization at Glimmer mine in Ontario’s north
Ongoing diamond drilling at the Glimmer gold mine near Matheson, Ont., is returning excellent results for Exall Resources (EXL-T).The company has a 65.53% interest in the project, with the remainder h…