Shear slippage blamed for dam failure
A preliminary report by a Spanish consulting firm suggests that the Los Frailes tailings dam near Aznalcollar, Spain, failed when a shear zone in the underlying rocks slipped.In a report to owner Boli…
News
Canada issues silver coin
In sports, bigger is often better, so it is fitting that the Royal Canadian Mint has made its new sport-themed silver coins the largest-ever legal tender Canadian coins.The four 10-oz. sterling silver…
MINING MARKETS & INVESTMENT NEWS — Horst turfed from Dayton board at annual meeting
At the annual meeting of Dayton Mining (DAY-T), dissident shareholder Manchester Securities succeeded in ousting Dayton Chairman Roland Horst and the entire board of directors.Before the votes were ca…
MOST ACTIVE ISSUES, June 10-16
ExchgVol(000s)HighLowCloseChangePlacer DomeT6882…
SPOT PRICES (June 22, 1998)
Wednesday June 17, 1998Price (US)Week’s ChangeGold*$288.40- $5.75Silver*$ 5.28…
LME WAREHOUSE LEVELS (June 22, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 8/98 (change from June 1 in brackets):MetalStock (tonnes)Change…
GREATEST VALUE TRADED, June 10-16
ExchgVal($000s)HighLowCloseChangeBarrick GoldT137…
MINING MARKETS & INVESMENT NEWS — U.S. markets — Mining companies hit new lows
Turmoil in the Asian markets sent the Dow Jones Industrial average down 384.63 points, or 4.2%, during the report period of June 10-16, including a drop of more than 200 points on June 15. The Dow clo…
More drilling slated for Beta Vargas
Lyon Lake Mines (LLL-M) has begun a 2,500-metre reverse-circulation drilling program at its producing Beta Vargas property in Costa Rica.The program has been designed to outline additional gold reserv…
Companies (June 22, 1998)
Aber ResourcesAnglo AmericanAriel ResourcesArlo ResourcesAurizon MinesAzimut ExplorationBarrick GoldBlack Pearl MineralsBlue Emerald ResourcesBolidenBroken Hill ProprietaryCambiorChannel ResourcesCrys…
METAL FUTURES (June 22, 1998)
Settlement prices for London Metal Exchange spot metal and three-month contracts, June 16/98 (US$ per tonne):MetalsCash Price3 Month Price…
TSE INDICES (June 22, 1998)
1998June 16June 15June 12June 11June 10HighLowCom…