GREATEST VALUE TRADED, Oct. 8-14
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News
Metal Prices — Daily Metal Prices (October 20, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateOct. 14Oct. 13Oct. 10Oct. 9Oc…
Output of gold, silver up, base metals fare less well
Canadian production of gold,silver, potash and iron increased between August 1996 and August 1997.However, output of copper, nickel, lead, zinc and asbestos decreased over the same period.The statisti…
DIAMOND NEWS ROUNCUP — Botswana eyes Angolan ground
An agreement between an national firm and Botswana Diamondfields (BWD-V) sets the stage for that company to secure rights to a large diamond concession in the Lunda Norte region of Angola.The concessi…
High River Gold moves to feasibility stage in southern Siberia
Siberia is not the easiest place to build and operate a mine, but Toronto-based High River Gold (HRG-T) is seeking to become a major player in that region’s gold industry.A partner in the Russian comp…
DIAMOND BRIEFS — Ashton closes rights offering
A rights offering by Ashton Mining of Canada (ACA-T) raised $15.7 million.Proceeds will be used to fund ongoing exploration in North America, including a work program under way at an extensive field o…
GOLD FUNDS (October 13, 1997)
Gold Funds as of October 2, 1997BGRCentralNet Value$18.67$5.94Price$14.45…
NEWS IN BRIEF (October 13, 1997)
Osito (OSV-V) has changed its name to Sennen Resources (SN-V).
St Andrew issues 1 million shares
St Andrew Goldfields (SAS-T) is proceeding with a private placement of 1 million flow-through shares priced at $2.65 each.The company will use the proceeds to explore its gold properties near Timmins,…
GEOLOGY 101 — Placer gold deposits, Pt. 2
Although placer gold deposits have yielded less than 10% of Canada’s gold production, their discovery played an important role in attracting settlers to remote areas of the country.For example, the Ca…
Franco, Euro advance Ken Snyder to production
Faced with the real possibility of declining royalty payments from future operations along this state’s Carlin trend, Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have decided to enter th…
African conference set for ’98
A conference showcasing mineral investment opportunities in Africa will be held Feb. 3-5 at the Cape Sun Intercontinental Hotel in Cape Town, South Africa.The conference, entitled “Investing in Africa…