LME WAREHOUSE LEVELS (September 28, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept.22/98 (change from Sept. 15 in brackets):MetalStocks(tonnes)Change…
News
SPOT PRICES (September 28, 1998)
Wednesday September 23, 1998Price (US)Week’s ChangeGold*$288.00- $1.15Silver*$ 4.8…
MINERAL EXPLORATION — CASE STUDIES — Porphyry Mountain discovery a solid technical success
In industry jargon, they are “technical successes” — remarkable discoveries accomplished under challenging conditions and which, at first glance, appear to have fallen short of the economic threshold…
Golden Phoenix starts program
In an attempt to increase resources, Golden Phoenix Minerals (GPXM-O) has begun a 20-hole drill program at its High Grade gold project in northeastern California.The property contains a volcanic-hoste…
Alta pours gold at Olinghouse
Alta Gold (ALTA-Q) has begun producing the yellow metal at the Olinghouse mine near Reno, Nev.The operation employs a gravity circuit, which produces concentrates that are melted into dore before bein…
Industry injections support MDRU program
Rio Algom and the Vancouver Stock Exchange recently madesizable contributions to the endowment fund of the University of British Columbia’s Mineral Deposits Research Unit (MDRU), though neither organi…
Partners proceed with Antamina development
As expected, Rio Algom (ROM-T), Noranda (NOR-T) and Teck (TEK-T) have affirmed that they will develop the US$2.2-billion Antamina copper-zinc project in Peru.In early September, the partners were aske…
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — TVX execs let options lapse
Two executives of TVX Gold (TVX-T) have allowed several of their options in that company to expire.Eike Batista, director, let expire 2 million call options at $4.75 and was granted an equivalent numb…
MOST ACTIVE ISSUES, September 16-22
ExchgVol(000s)HighLowCloseChangePlacer DomeT10810…
TSE INDICES (September 28, 1998)
1998Sep. 22Sep. 21Sep. 18Sep. 17Sep. 16HighLowCom…
PRODUCER & DEALER PRICES (September 28, 1998)
Aluminium: LME settlements US$1,310, alloy US$1,137 per tonne (Sept.22/98).Antimony: Representative mid-market US$1,290 per tonne (Sept. 22/98).Bismuth: Representative mid-market US$3.45 per lb. (Sept…
METAL PRICES, Daily Metal Prices (September 28, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateSept. 22Sept. 21Sept. 18Sept…