Get used to low prices: study
In its latest survey, released in April, London-based Gold Fields Mineral Services (GFMS) predicts that gold prices “will probably be locked within a range of US$265 to US$305 for the rest of the year…
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PRODUCER & DEALER PRICES (June 28, 1999)
Antimony: Mid-mkt US$1,270/t.Bismuth: Mid-mkt US$3.65/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Recent trades US$60.00-90.00/t.Cobalt: Recent trades US$21.20-23.25/lb.Copper: Comex July US$0.664/lb.Ind…
TSE INDICES (June 28, 1999)
1999Jun. 22Jun. 21Jun. 18Jun. 17Jun. 16HighLowCom…
LME WHSE LEVELS (June 28, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 22/99 (change from June 15 in brackets):MetalStocks(tonnes)Change…
TSE SHORTS (June 28, 1999)
Short positions outstanding at June 15, 1999Larger individual positions include:Abitibi Consolidated 1,631,973, up 116,998; Alcan Aluminium 1,082,155; American Gem 109,100, down 959,552; Anderson Expl…
Trivalence picks Aredor gem
Junior Trivalence Mining (TMI-V) has recovered a 146.8-carat diamond from its Aredor alluvial concession in Guinea.The stone, which is described as gem-quality, was derived from a stockpile of oversiz…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Winspear, Foran provide sparkle to western markets
Dark clouds, cold temperatures and heavy rains have stalled the onset of summer in Vancouver, and the general dreariness appears to have spread to the city’s capital markets. With gold prices as depre…
Francisco leaves Goldcorp
Other endeavours are calling Rolando Francisco, who has resigned as president of Goldcorp (G-T).Francisco, who had served as president of the company since 1997, will be replaced pro tem by Goldcorp’s…
Yamana tests silver ‘pockets’ at Martha
As its share price begins to drift back to normal levels, Yamana Resources (YRI-T) is encountering more bonanza-grade silver intersections at its Bacon property in southern Argentina.During the final …
BASE METALS — Lewis Brooks resumes work
Junior Lewis Brooks Resources (LBRL-C) has begun drilling at the Lewis Brook base metal property in New Brunswick.The program, to consist of four or five holes over 600 metres, will test areas where g…
Skyline pulls out of Snip extension
International Skyline Gold (SK-V) has backed away from its attempts to establish a link between the Snip mine of Homestake Mining (HM-N) and its own High claims. The properties are in northern British…
BASE METALS — Triple 7 secures Flin Flon’s future
It has always been the lot of mining towns to watch ore reserves decline and hope some new feed will come along. When a mining town has been around as long as Flin Flon, that feeling will have come ar…