SPOT PRICES (January 12, 1998)
Monday, January 7, 1998Price (US)Week’s ChangeGold*$282.10- $11.80Silver*$6.10…
News
DIAMOND PAGE — Lexam arranges financing for Greenland diamond exploration
Lexam Explorations (LEX-M) has reached an agreement with brokerage firm Canaccord Capital to raise $2.5 million through a special warrant financing.The financing will consist of 2.5 million special wa…
TORONTO STOCK EXCHANGE INDICES (January 12, 1998)
1998Jan. 6Jan. 5Jan. 2Dec. 31Dec. 30HighLowCompos…
STOCK MARKETS – TSE — Gold slides back to low US$280s as majors take a beating — Base-metal markets remain weak while Asian economies flounder
During the report period of Dec. 24 to Jan. 6, the Toronto Stock Exchange’s TSE 300 composite index rose to 6656.26, a gain of 116.76 points, or 1.8%.Like most western currencies, the Canadian dollar …
INSIDER TRADING — U.S. insiders bullish on their stocks
Trading reports from the United States show insiders bought more than they sold during these past few months of depressed metals prices.The trend shows the insiders are picking up shares while the pri…
METAL PRICES (January 12, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJan. 6Jan. 5Jan. 2Dec. 31Dec. 3…
STOCK MARKETS – VSE — Western markets gain year-end ground but fall short of 1996 figures — Not a bad week for juniors exploring in Canada’s backyard
The Vancouver Stock Exchange composite index gained 7.05 points, or 1.15%, to close at 617.36 over the report period ended Jan. 6. The mining index slipped 0.67 points, or 0.13%, to finish at 510.50.Y…
PRODUCER AND DEALER PRICES (January 12, 1998)
Aluminium: LME settlements US$1,459.50, alloy US$1,331 per tonne (Jan.6/98).Antimony: Representative mid-market US$1,560 per tonne (Jan. 6/98).Bismuth: Representative mid-market US$3.25 per lb. (Jan. …
Companies (January 12, 1998)
Agarwal ResourcesAlta GoldAmax GoldAmerica Mineral FieldsAnglo AmericanArchangel DiamondAur ResourcesBelvedere ResourcesBolidenBre-X MineralsBYG Natural ResourcesCanarc ResourceCompanhia Vale do Rio D…
Meetings (January 12, 1998)
Jan. 12, El-BonanzaJan. 12, Int’l StarJan. 12, Rembrandt GoldJan. 13, Latitude MineralsJan. 13, Oro BlancoJan. 13, ParkcrestJan. 13, PinewoodJan. 14, ArmisticeJan. 15, Bravo GoldJan. 15, Fort Knox Gol…
CORRECTION (January 12, 1998)
CanAlaska Resources (ICA-V) will purchase 10 claims (125 units) in Michie Twp., near Timmins, Ont. from Royal Oak Mines (RYO-T) in return for $125,000 by Jan. 15, 1998. Royal Oak will retain a 2% net …
KWG and St. Gen resume trading
The shares of disgraced companies St. Genevive Resources (SGY-T) and affiliate KWG Resources (KWG-T) are now trading as penny stocks after their move onto the Canadian Dealing Network, using the symbo…