LME WAREHOUSE LEVELS (January 05, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.24/97 (change from Dec. 19 in brackets):MetalStock(tonnes)Change…
News
Gold, base metals remain exploration standbys in 1997
Metals exploration activity in Canada continued apace in 1997, and mineral hunters were just likely to be searching for base metals as for gold.Ontario’s Timmins camp drew explorers like bees to honey…
Pace of discovery in the U.S. falls during the year
The number of mineral discoveries in the U.S. during 1997 is down from last year, though Alaska and Nevada continue to provide the best hunting ground.One of the highlights of the year came from Grayd…
PRODUCER AND DEALER PRICES (January 05, 1998)
Aluminium: LME settlements US$1,488, alloy US$1,360 per tonne (Dec. 22/97).Antimony: Representative mid-market US$1,550 per tonne (Dec. 29/97).Bismuth: Representative mid-market US$3.35 per lb. (Dec. …
TORONTO STOCK EXCHANGE INDICES (January 05, 1998)
1997Dec.26Dec.25Dec.24Dec.23Dec.22HighLowComposit…
Curator exercises option
Vancouver-based International Curator Resources (IC-T) has exercised its option to buy a 100% working interest in the Boleo copper-cobalt-zinc project in Baja California Sur, Mexico.The vendor retains…
Golden Star plans to acquire more shares of Pan African
Golden Star Resources (GSR-X) has offered to purchase all outstanding shares of subsidiary Pan African Resources (PARC-C) that it doesn’t already own.Golden Star intends to offer one Golden Star share…
Eden Roc to close Afema
Eden Roc Mineral (EDN-T) is suspending operations at its 68%-owned Afema gold mine in Ivory Coast as a result of depleted oxide reserves.Eden Roc has already halted mining, though leaching of stockpil…
Not a banner year for foreign exploration
Sobs clearly outnumbered shouts of “Eureka!” by a wide margin in 1997, a year in which some fine foreign exploration results were overshadowed by salted samples and depressed metal prices.The most dis…
Freeport eyes ground in Irian Jaya
Freeport McMoRan Copper & Gold (FCX-N) has signed a letter of intent to explore and acquire 1.2 million acres in Irian Jaya, Indonesia, currently held by Battle Mountain Gold (BMG-N).Freeport now hold…
Magadan gold producers struggle through 1997 — Output down but officials optimistic for future
The gold mines of Russia’s Magadan state didn’t perform as well as expected in 1997, according to a report released by The Magadan Regional Committee for Natural Resources.The report, which is part of…
Companies (January 05, 1998)
Aber ResourcesAntares Mining and ExplorationApex Silver MinesArizona Star ResourceAshton Mining of CdaAtapa MineralsAtna ResourcesBand-Ore ResourcesBattle Mountain GoldBema GoldBroken Hill Proprietary…