Peruvian to drill Agua Verde in Peru
Peruvian Gold (PVO-V) plans to carry out a minimum 1,000-metre program of reverse-circulation drilling on the Agua Verde copper porphyry prospect in south-central Peru.The prospect is a mineralized, e…
1997
LITERATURE REVIEW — Hecla Mining boosts its silver production
During 1996, Hecla Mining (HL-N) produced 3 million oz. silver from its various operations, representing a 35% increase over the 2.2 million oz.produced in the previous year.Of last year’s total, abou…
LITERATURE REVIEW — Noranda earnings slip over 1996
Diversified resource company Noranda (NOR-T) says weak commodity prices caused its net earnings to drop by almost 50% in 1996, despite a 16% increase in cash flow to a record $1.5 billion.The company …
Atlas to expand silver-lead-zinc operations in Bolivia
An expansion program is under way at the Andacaba and Don Francisco mines in the Potosi district of southern Bolivia.The zinc-lead-silver producers were acquired by a subsidiary of Atlas (AZ-N) in Oct…
PEOPLE — LEIGH RESOURCE
Gordon Keevil appointed president, director and chief executive officer.
LME Warehouse Levels (February 17, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.10/97 (change from previous week in brackets):Aluminum925,650(-12,825)Copper218,475(+17,975)Lead110,900(-525)Nickel45,17…
Ursa adds to potential of Koktasjal copper-gold in deposit in Kazakstan
Hamilton, Ont.-based Ursa Major International (URSA-C) has identified additional mineralization on its 75%-owned Koktasjal copper-gold property in the former Soviet republic of Kazakstan.In the recent…
Odds `n’ Sods — Where there’s smoke . . .
Although July 1 in Red Lake, Ont., was hot and dry, it was a perfect day for the town’s annual Dominion Day celebration.The day’s activity’s were to consist of team fire-fighting competitions, hand-mu…
METAL PRICES — FREE MARKET (February 17, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateFeb. 11Feb. 10Feb. 7Feb. 6Feb. 5…
Chase, Delta get nod for Cikondang gold mine
The Indonesian government has approved a share ownership plan that gives Chase Resource (CQS-T) and Delta Gold Mining (DTG-V) a 77.5% interest in the Cikondang gold mine and surrounding property.The V…
Bralorne set for reopening
After several years of false starts, the historic Bralorne gold mine near Vancouver, B.C., is scheduled to reopen in mid-March.The mine operated from 1916 to 1971, but low gold prices forced its closu…
TSE Short Positions (February 17, 1997)
Short positions outstanding at January 31, 1997Larger individual positions included: Barrick Gold 10,970,779, down 129,771; AJ Perron 0, down 376,400; Anvil Range Mining 780,200, down 144,200; Anderso…