SPOT PRICES (November 17, 1997)
Wednesday, November 12, 1997PriceWeek’s ChangeGold$310.00- $4.50Silver*$ 4.95…
News
FACTS ‘N’ FIGURES — Transitions in South Africa
On the surface, little remains of Anglo American/De Beers Consolidated Mines, Anglo-Transvaal Consolidated Investment (Anglo Vaal), Gencor, Gold Fields, Johannesburg Consolidated Investment (JCI) and …
GREATES VALUE TRADED, Nov. 5-11
ExchgValue($000s)HighLowCloseChangeBarrick GoldT9…
LETTER TO THE EDITOR — History teaches us nothing
I am sure everyone has heard enough of Bre-X Minerals and Busang by now. As an investor who saw his small portfolio dwindle, even though I had no Indonesian investments, I know that I have.There is an…
STOCK MARKETS — Composite, mining indices slip-slide in western markets — Bright spots include Timmins explorers Cross Lake, East West
The Vancouver Stock Exchange composite index fell 18.32 points, or 2.4%, to close at 751.4 cents during the report period ended Nov. 11. The mining index slid 22.41 points, or 3.4%, to close at 643.32…
Emerging Africa finds Ethiopian gold
A first phase of exploration on the Agusha-Gumu gold property in western Ethiopia has returned encouraging results for owner Emerging Africa Gold (EAGI-C).The program consisted of geological mapping, …
METAL PRICES — Daily Metal Prices (November 17, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateNov. 11Nov. 10Nov. 7Nov. 6Nov…
Ursa turns drills at Nirinsk
Preliminary drilling and trenching by Ursa Major International (urs-t) are assessing two soil anomalies on the Nirinsk property in central Kazakstan.The anomalies are seen as potential open-pit gold d…
Newcrest readies Diente Verde
Australian-based Newcrest Mining plans to drill-test the Diente Verde gold-copper porphyry prospect in the central Argentine province of San Luis.Newcrest can acquire a 60% interest in the property fr…
Westmin options Vizcachitas
Westmin Resources (WMI-T) is acquiring the right to earn a 51% interest in the Vizcachitas copper porphyry project in central Chile from Denver-based General Minerals (GNM-T).Westmin will be required …
Reunion Mining, Rift Res. explore gold potential of Silobela project in southeastern Africa
Rift Resources (RIF-V) and its United Kingdom-based partner, Reunion Mining, have begun a 25-hole program of percussion drilling on the Silobela gold project in Zimbabwe.The drilling is focused on fou…
Oliver has change of heart over Malian projects
Oliver Gold (OGO-V) has had second thoughts about selling its interests in Malian gold properties.The Vancouver-based junior was prepared to sell it interests in the western African country (T.N.M., N…