GOLD FUNDS (December 21, 1998)
Gold Funds as of December 10, 1998BGRCentralNet Value$13.795.92Price$9.45…
News
La Camorra mine making long climb back
Less than a year ago, the La Camorra gold mine in eastern Venezuela looked like an expensive hobby.Operating losses and poor production at the mine had left operator Monarch Resources (MRE-T) with lit…
BHP gains option to develop Tenke Fungurume
BHP Copper, a subsidiary of Broken Hill Proprietary (BHP-N), has negotiated an option to acquire a major stake in Tenke Mining’s (TNK-T) enormous Tenke Fungurume copper-cobalt project in the Democrati…
Orvana extends option on Butte Highlands
In an agreement with the property owners, Orvana Minerals (ORV-T) has extended by four years its purchase option on the Butte Highlands gold project in Montana.The company can acquire the title to the…
AG extends mineralization at Veladero
Hot junior Argentina Gold (ARP-V) has unveiled still more encouraging drill results from its Veladero property in northwestern Argentina,Ownership of the Veladero lease, which comprises 13,000 ha in t…
Due process must run its course in US
I am neither a Democrat nor a Republican, but an independent voter. Both parties have considerable problems, and I will agree with you on one point — that the Republicans currently lack effective lea…
SPOT PRICES (December 21, 1998)
Wednesday December 16, 1998Price (US)Week’s ChangeGold*$292.55-$0.95Silver*$ 4.94…
LME WHSE LEVELS (December 21, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec. 15/98 (change from Dec. 8 in brackets):MetalStocks(tonnes)Change…
LETTERS TO THE EDITOR — Faulty software raises red flags for miners — Engineers should be involved in design process
I must commend Brian Hester for highlighting problems he has encountered using packaged software in geophysics (“Software can affect geostats,” T.N.M., Dec. 7-13/98).As a member of the Council of Prof…
TSE INDICES (December 21, 1998)
1998Dec. 15Dec. 14Dec. 11Dec. 10Dec. 9HighLowComp…
PRODUCER & DEALER PRICES (December 21, 1998)
Aluminium: LME settlements US$1,216, alloy US$1,037 per tonne (Dec. 15/98).Antimony: Representative mid-market US$1,295 per tonne (Dec. 1/98).Bismuth: Representative mid-market US$3.20 per lb. (Dec. 1…
DIAMOND PAGE — CORRECTION (December 21, 1998)
Our Insider Trading report of Dec. 7 reported that Robert Friedland had indirectly acquired 17.31 million shares in First Dynasty Mines (FDM-T) at 40 cents by converting an equivalent number of debent…