Spot prices at a glance (January 13, 1997)
Wednesday, January 8, 1997Price (US)Week’s ChangeGold*$355.80- $13.80Silver*$ 4.66…
1997
Lower gold output hurts Eden Roc
With decreased gold production from its Ivory Coast operations, Toronto-based Eden Roc Mineral (EDN-T) suffered a loss of $3.7 million for the 9-month period ended Sept. 30, 1996. For the same period …
Energold proves up Dominican gold concession
Believing there is potential to double the current resource of 220,000 contained ounces, Energold Mining (EGD-V) has embarked on a minimum 50-hole drill program on the Higo gold concession in the Domi…
Kinross Gold boosts Goldbanks resource
Infill drilling by Kinross Gold (K-T) on the Main zone of the Goldbanks project, near Winnemucca, Nev., indicates a substantially larger gold resource than previously estimated.The new figure, estimat…
Dakota Mining and USMX announce merger proposal
Two Denver-based companies — Dakota Mining (DKT-X) and USMX (USMX-Q) — are expected to merge.Under an agreement-in-principle, shareholders of USMX will receive one share of Dakota for every 1.1 shar…
Highlands to sell Porgera to Placer Dome
Australian-based Highlands Gold has struck a US$250-million deal with Placer Dome (PDG-T) to sell its 25% interest in the massive Porgera gold mine in Papua New Guinea.Highlands, formed under Papua Ne…
Yamana Res. strikes gold at Argentine play
Drilling at the Martinetas property in southeastern Argentina has yielded significant epithermal gold mineralization for Yamana Resources (YRI-T).Two of six targets were tested, and assays for the fir…
Queenston pulls gold at McBean
Two more drill holes at the McBean property east of Kirkland Lake, Ont., have intersected gold mineralization below the property’s old open pit.The drill program, being operated by Queenston Mining (Q…
Armed conflict ends at Vista’s Bolivian mines
A group of armed miners has returned the Amayapampa and Capa Circa gold mines in Bolivia to owner Vista Gold (VGZ-T).The Bolivian government recently signed an agreement with the miners, ending a conf…
Echo Bay snaps up Kilgore remains
Echo Bay Mines (ECO-T) will acquire from Placer Dome (PDG-T) the remaining interest in the Kilgore gold project that it does not already own. Situated in southern Idaho, the project is already owned 5…
Sonoma drill-tests Argentine copper-gold project
A 10-hole program of diamond drilling is enabling Sonoma Resource (SNA-V) to test the Cerro Toro project in Argentina.Believing a copper-gold porphyry system exists at depth, the junior is focusing it…
LETTER TO THE EDITOR — Researcher seeks answers regarding gold-supported buck
The research for my proposal “A Gold-Backed North American Dollar’ has now reached the point where outside help is required.With this proposal, I am working to improve the idea that the government can…