News

ExchgVol(000’s)Close.ZSCobre MngT115845.10Noranda IncT…

Short positions outstanding at October 31, 1997Larger individual positions include: Advanced Material Resources 1,000, down 102,200; Barrick Gold 11,342,879, up 422,432; Bema Gold 261,836, down 4,433,…

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov.17/97 (change from previous week in brackets):MetalStock(tonnes)Change…

Wednesday, November 19, 1997Price (US)Week’s ChangeGold*$306.40- $3.70Silver*$ 5.1…

Loubel Exploration (LBX-M) will begin a 2,500-metre diamond drilling program on its Queylus property near Chibougamau, Que. The program will focus on a mineralized showing uncovered by trenching. Resu…

The gold market is grey and gloomy, and today its sages are competing to see who can come up with the lowest forecast price. But even as gold market watchers enjoy a good old-fashioned game of one-dow…

Jack Cassidy, who worked in both of Ontario’s prolific uranium camps, has died. He was 60.Born in Chilliwack, B.C., Cassidy began his mining career in 1957 as a surveyor at the Bicroft uranium mine, n…

Aluminium: LME settlements US$1,616.50, alloy US$1,480 per tonne (Nov.18/97).Antimony: Recent physical trades US$1,680-1,700 per tonne (Nov. 18/97).Bismuth: Composite free market US$3.40 per lb. (Nov….

Further to our report on AfriOre’s (AFO-V) Umgen coal project in South Africa (T.N.M., Nov. 12-23/97), The Northern Miner has learned the following:* A preliminary estimate of AfriOre’s annual cash fl…

1997Nov. 18Nov. 17Nov. 14Nov. 13Nov. 12HighLowCom…

A mineralized breccia body was discovered by Twin Gold (TWG-T) at its 85%-owned Layuh property in South Kalimantan, Indonesia.The company says the body was exposed in outcrop over an area of at least …

The final engineering report and production plan for the US$100-million Bakyrchik gold project in Kazakstan has paved the way for Indochina Goldfields (ING-T) to embark on first-phase construction of …