NovaWest options Raglan properties
Vancouver-based NovaWest Resources (NVE-V) is optioning five additional properties in the Raglan nickel-Copper-platinum camp on the Ungava peninsula of northern Quebec.The newly acquired properties co…
News
Santa Fe, Newmont set date for merger vote
Shareholders of Santa Fe Pacific Gold (GLD-N) will meet in a special meeting on May 5 in Albuquerque, N.M., to discuss a proposed merger with Newmont Mining (NEM-N).Newmont and its 91%-owned subsidiar…
Sunshine reports bright quarterly output
Sunshine Mining & Refining (SSC-N) posted its second consecutive quarter of record production at its namesake mine in northern Idaho.In the first three months of 1997, Sunshine cranked out 901,000 oz….
PRODUCER PRICES (April 14, 1997)
Aluminium: LME settlements US$1,547 per tonne, alloy $1,444 per tonne (April 8/97).Antimony: Composite free market, US$2,200 per tonne (April 1/97).Bismuth: Composite free market US$3.11 per lb. (Apri…
Yamana cancels PNG deal with Union — Company retains 17.6% interest
Uncertainties related to working in Papua New Guinea and other parts of Southeast Asia have prompted Yamana Resources (YRI-T) to cancel plans to make Union Mining a wholly owned subsidiary.Yamana, whi…
TORONTO STOCK EXCHANGE INDICES (April 14, 1997)
1997Apr 8Apr 7Apr 4Apr 3Apr 2HighLowComposite “30…
SPOT PRICES (April 14, 1997)
Wednesday, April 9, 1997Price (US)Week’s ChangeGold*$348.00- $2.70Silver*$ 4.77…
NEWS IN BRIEF (April 14, 1997)
Swannel Minerals (SNL-V) has changed its name to Globenet Resources (GBR-V) on a 1-new-for-10-old-share basis.
Adrian turns drills at Panamanian gold-Copper play
Two diamond drills are operating in a 37-hole program at junior Adrian Resources’ (ADL-T) Petaquilla property in Panama.Situated 125 km west of Panama City, the property comprises 2,086 sq. km and con…
Most Active Issues April 9-15
ExchgVol(000s)CloseBre-X MnrlsT540032.30Bresea ResM…
GOLD FUNDS (April 14, 1997)
Gold Funds as of April 3, 1997BGRCentralNet Value$21.43$6.04Price$16.75$6…
STOCK MARKETS — VSE composite and resource indices flattened by Bre-X debacle — Bright spots include Arizona Star, which unveiled resource estimate for Chilean gold-Copper play
The cloud of uncertainty looming over Bre-X Minerals continued to rain on most junior mining stocks.Led by the resource sector, the Vancouver Stock Exchange composite index lost 44.85 points, or 3.92%…