News

Queenstake Resources (QTR-T) will use the proceeds from a $16.4-million private placement to fund exploration and development of its properties in Chile, and elsewhere in Latin America.The financing c…

A one-time gain of $62.7 million from the sale of coal assets enabled Westmin Resources (WMI-T) to post net income of $21.3 million for 1996 on revenue of $100.8 million.By comparison, the company ear…

The Toronto Stock Exchange was fractionally higher over the trading period Feb. 19-25, as the gold stocks staged a strong recovery. The TSE 300 composite index closed at 6,247.78 on Feb. 25, up 9.56 p…

A recent agreement has allowed Etruscan Enterprises (EET-V) to buy the remaining 44% of the shares of African GeoMin not already held by the company.African GeoMin holds the exploration permit for the…

Partners Mid-North Resources (MNU-A) and Consolidated Callinan Flin Flon Mines (CFF-V) have intersected gold mineralization while testing a geophysical conductor on their Lynn Lake property in Manitob…

London Metal ExchangeMidday bid-ask prices in $US per tonneDateFeb. 25Feb. 24Feb. 21Feb. 20Feb. 19…

ALUMINIUM: LME settlements US$1,629 per tonne, alloy $1,540 per tonne (Feb. 25/97).ANTIMONY: Composite free market, US$2,340 per tonne (Feb. 25/97).BISMUTH: Composite free market US$3.00 per lb. (Feb….

A drilling program by Bruneau Minerals (BRM-T) has boosted reserves at its calcium carbonate deposit in Lac St. Jean, Que., by 4 million tonnes to more than 17 million tonnes.

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb. 24/97 (change from previous week in brackets):Aluminium901,250(-9,375)Copper220,050(-575)Lead108,475(-1,625)Nickel45,75…

ExchgVol(000s)CloseBre-X MnrlsT2511119.80Spider ResA…

ExchgValue($000s)HighLowCloseChangeBre-X MnrlsT53…

Springtime drilling is planned for AfriOre’s (AFO-V) two diamond prospects in Botswana.At Kokong West, where AfriOre recently discovered a new kimberlite called KW2, four deep holes will be drilled in…