PRODUCER PRICES (September 08, 1997)
Aluminium: LME settlements US$1,591 per tonne, alloy $1,425 per tonne (Sept. 2/97).Antimony: Composite free market, US$1,880 per tonne (Sept. 2/97).Bismuth: Composite free market US$3.50 per lb. (Sept…
1997
White, Thomas hit with injunction and charges
The British Columbia Securities Commission (BCSC) has extended temporary injunctions barring each of two directors of Redell Mining (RDC-V) from holding office as a director or officer of a public com…
STOCK MARKETS — A short week and a slow one on Bay Street — Golds and base metals show signs of weakness in a quiet market
The Toronto Stock Exchange traded in a narrow range over the report period Aug. 27-Sept. 2, with its bellwether index finishing not far from where it started. The TSE 300 composite index closed Sept. …
DIAMOND PAGE — Pure Gold, Cayo plan merger
Two substantial landholders in the Alberta diamond play, Pure Gold Resources (PUG-T) and Cayo Resources (CAYO-C), have agreed to pool their interests.The proposed merger calls for Pure Gold shareholde…
TSE INDICES (September 08, 1997)
1997Sept 2Sept 1Aug 29Aug 28Aug 27HighLowComposit…
Drilling tests for nickel in Yukon
A 20-hole drill program comprising 2,500 ft. will test a deposit of nickel mineralization for potential minable thicknesses at the Taiga project, 95 km northeast of Dawson City, Y.T.The project consis…
Kinross Gold takes writedown — US$24-m charge wipes out operating profit
An after-shock from the Macassa rock burst in April has registered on the books at Kinross Gold (K-T).Although production has resumed on the upper levels of the mine, situated east of Kirkland Lake, O…
Niocan updates niobium resource
Based on drilling completed this spring, Montreal-based Niocan (NIO-M) has released new resource estimates for its niobium deposit near Oka, Que.The consortium known as MET-CHEM-Pellemon, which is com…
Cerro Mojon mine reaches full production
The Cerro Mojon gold project in Nicaragua has entered commercial production.Owner and operator Greenstone Resources (GRE-T) expects the open-pit, heap-leach operation to yield 28,000 oz. gold during t…
Moris lands Manhattan in black
A year after its first gold pour, the Moris mine in northern Mexico has achieved commercial production.Manhattan Minerals (MAN-T) reports that the mine an — open-pit, heap-leach operation in Chihuahu…
Nord drills deeper in PNG
With the aid of an induced-polarization (IP) survey, Nord Pacific (NPF-T) has intercepted high-grade gold values at its Tabar Islands project in Papua New Guinea.The company initiated the survey over …
First half disappoints Triton
In spite of higher production and lower cash costs at its gold mine in Nicaragua, Triton Mining (TTM-T) tabled a lacklustre balance sheet for the first half of 1997.The El Limon mine yielded 22,301 oz…