PEOPLE — PACIFIC RIM (May 19, 1997)
Thomas Shrake appointed chief executive officer.
News
Denison records first-quarter profit
Uranium and oil producer Denison Mines (DEN-T) earned $7.6 million (or 2 cents per share) on revenue of $20.4 million for the quarter ended March 1, compared with $3.2 million (1 cents per share) on $…
METAL PRICES — DAILY METAL PRICES (May 12, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateMay 6May 5May 2May 1April 30…
Exploration spending up in 1996
Spending on mineral exploration in Canada increased last year over figures recorded for 1995, according to a report released by Natural Resources Canada. .TThe level rose to $873 million from $718 mil…
Energold forms JV with Treminco
Treminco Resources (TMO-T) is the latest in a growing number of companies that have entered into joint ventures in the Dominican Republic with Vancouver-based Energold Mining (EGD-V).Treminco intends …
STOCK MARKETS — TSE 300 composite claws back above 6,000 mark — Bre-X blackens eyes of jungle explorers; Inco, Rio hitched to nickel’s rise
Not since the report period of March 19 has the Toronto Stock Exchange 300 composite index risen above the 6,000 mark.It returned to that peak during the report period ended May 6, rising 226.4 points…
STOCK MARKETS — VSE slips slightly as Indonesian juniors suffer mightily — Latin America, Canadian diamonds hot as investors shop around
The Vancouver Stock Exchange composite index was down less than 1% for the report period ended May 6, slipping 9.84 points to close at 1,012.85. The resource index shed 32.01 points, or 1.7%, to finis…
DIAMOND PAGE — Dia Met and BHP resolve claim dispute
A claim dispute regarding the Northwest Territories Diamonds project has been resolved.Australian mining giant Broken Hill Proprietary (BHP) has signed two separate agreements with its partners in the…
Drillers’ forum addresses future of worldwide mineral exploration industry
While Canadian drillers have prospered over the past year, thanks in equal measure to hot domestic projects, such as Voisey’s Bay in Labrador, and exploration in foreign jurisdictions, prospects for t…
EDITORIAL AND OPINION — One for the history books — Strathcona bursts the bubble
We broke one of our own rules this week. The editorial staff of The Miner threw caution to wind and gathered up some loose change to buy an equity position in Bre-X Minerals. Normally, writers are not…
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…
Greenstone boosts gold reserves
A successful 1996 exploration campaign in Central America has enabled Greenstone Resources (GRE-T) to increase reserves at four of its gold properties there.Total proven and probable reserves at the S…