Spot prices at a glance (January 27, 1997)
Wednesday, January 22, 1997Price (US)Week’s ChangeGold*$350.10- $2.35Silver*$ 4.70…
1997
Newmont Gold inks deal with TVI Pacific
The Philippine subsidiary of Newmont Gold (NGC-N) has optioned a 60% interest in two application areas on the island of Luzon from TVI Pacific (TVI-T) for US$4 million.TVI holds a government contract …
Drills ready to turn at Meliadine gold property near Rankin Inlet
Hoping to repeat last year’s successful exploration campaign at the Meliadine gold project near Rankin Inlet, N.W.T., equal partners Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T) intend t…
Russia’s top diamond miner expected to complete new agreement with De Beers
Almazy Rossii-Sakha (ARS), Russia’s largest producer and only authorized exporter of rough diamonds, and South Africa’s De Beers Consolidated Mines are believed to be inching their way towards a new t…
ODDS’N’SODS — Paper profits
When I was a barber in Timmins, Ont., I always kept copies of The Northern Miner on hand. My clients enjoyed following stories about mining projects and developments, including the nearby Texas Gulf S…
KG reports first shipment of gold
The first shipment of gold was made by Kazakstan Goldfields (KGFC-C) from its mines in north-central Kazakstan.The company (KG), which took over management of the then-dormant Aksu, Jolymbet and Besto…
Armistice strikes gold at Virginiatown project
Diamond drill results from a gold project in Virginiatown, Ont., are being greeted enthusiastically by Armistice Resources (ACI-M).The program, which is being carried out from a drift at the 2,250-ft….
Sirios to drill Quebec properties
Proceeds from a $1.3-million private placement will be used by Sirios Resources (SOI-M) to carry out diamond drilling on its properties in Quebec.At the Delestre massive sulphide project, 70 km northe…
THE DIAMOND PAGE — Ashton and Pure Gold drill for diamonds in Alberta
Partners Ashton Mining of Canada (ACA-T) and Pure Gold Resources (PUG-T) have launched a drill program aimed at uncovering diamonds in the north-central part of Alberta, northeast of Grande Prairie.Th…
THE DIAMOND PAGE — Trade Winds pulls stones from Drybones
Drill results from the Drybones Bay diamond project in the Northwest Territories are proving encouraging for Trade Winds Resources (TDN-V).In 1996, the company tested the eastern portion of the comple…
GREATEST VALUE TRADED, Jan. 15-21
ExchgValue($000s)HighLowCloseChangeBre-X MnrlsT22…
LME WHSE LEVELS (January 27, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.20/97 (change from previous week in brackets):Aluminium963,325(-5,175)Copper143,225(+11,750)Lead115,375(-2,275)Nickel49,…