Wheaton River will sell control of YGC
Wheaton River Minerals (WRM-T) plans to sell its 61.9% interest in YGC Resources (YGC-V) in order to finance development of its Golden Bear heap-leach mine in northwestern British Columbia.Wheaton has…
News
65th PDAC emphasized global opportunities
Same show, new roof.The 65th annual convention of the Prospectors & Developers Association of Canada (PDAC) had a new home, the Metropolitan Toronto Convention Centre, and a new, roomier feel, while s…
TSE Short Positions (March 17, 1997)
Short positions outstanding at March 5, 1997Larger individual positions included: Barrick Gold 11,605,421, up 977,328; Agnico Eagle Mines 247,859; AJ Perron Gold 376,400; Amax Gold 156,670, up 76,600;…
Spot prices at a glance (March 17, 1997)
Wednesday, March 12, 1997Price (US)Week’s ChangeGold*$353.15- $2.60Silver*$ 5.23…
Toronto Stock Exchange Indices (March 17, 1997)
1997Mar 11Mar 10Mar 7Mar 6Mar 5HighLowComposite”3…
LME Warehouse Levels (March 17, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.10/97 (change from previous week in brackets):Aluminium877,675(-4,775)Copper205,525(-9,275)Lead109,075(+1,050)Nickel45,8…
Odin drill-tests gold properties in Ecuador
Odin Mining & Exploration (ODN-V) has received promising assays from the first three holes drilled at its Marcia gold property in southwestern Ecuador.Hole 2 intersected 29.92 metres from surface, gra…
PRODUCER PRICES (March 17, 1997)
ALUMINIUM: LME settlements US$1,646 per tonne, alloy $1,528 per tonne (Mar. 12/97).ANTIMONY: Composite free market, US$2,235 per tonne (Mar. 11/97).BISMUTH: Composite free market US$3.15 per lb. (Mar….
Odds ‘n’ sods — Cobalt’s canine mascot
By 1909, the northeastern Ontario town of Cobalt boasted a rag-tag downtown consisting of tailors, dressmakers, haberdashers and ice cream makers. The merchants, like the miners themselves, came from …
GREATEST VALUE TRADED, Mar. 5-11
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
THE DIAMOND PAGE — Ore reserve estimates released — Quarter century of mining estimated for NWT Diamonds operation
The feasibility study for the NWT Diamonds project, near Lac de Gras in the Northwest Territories, proposes the development of five kimberlite pipes over 17 years. However, given the discovery of addi…
THE DIAMOND PAGE — Mountain Lake Resources set to drill concessions in South Africa
Drilling is under way at the Hartbeestlaagte 146 (H-146) and Zwartrand 145 (Z-145) diamond concessions in the Northwest Tansvaal province of South Africa.The concessions, which comprise 83 sq. km, are…