LME Warehouse Levels (May 11, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Apr.28/98 (change from Apr. 21 in brackets):MetalStock(tonnes)Change…
1998
Abacus hits hot values at La Manchuria
Abacus Minerals (AMC-T) has received results from the first two holes of its recently completed first-phase drill program at the La Manchuria property in Argentina’s Santa Cruz province.Both holes enc…
Rio Algom’s operations enjoy profitable quarter
While weak copper prices hurt its bottom line, Rio Algom (ROM-T) nevertheless turned in a strong quarter from an operational standpoint, with both increased copper production and lower cash costs.The …
Insider Trading Insiders tighten grip on World Wide
Senior management of World Wide Minerals (WWS-T) dramatically increased their stock in that company through private placements in March, according to insider trading reports released by the Ontario Se…
EDITORIAL — Is the Asian economic crisis over? — Not yet, says IMF
Michael Camdessus, managing director of the International Monetary Fund (IMF), concedes that his organization’s effort to resolve the Asian economic crisis has generated plenty of skepticism.Speaking …
Partners hit gold at Despinassy
Drilling at the Despinassy gold property, 70 km north of Val d’Or, Que., has returned encouraging results for partners Major General Resources (MGJ-V) and Cameco Gold, a wholly-owned unit of Cameco (C…
Orvana makes progress at Don Mario
Vancouver-based Orvana Minerals (ORV-T) reports that progress is being made at its drill program on the Don Mario copper-gold deposit in eastern Bolivia.Assay results from 11 holes are “better than pr…
geology 101
Banded iron formation-hosted gold deposits, Part 2Banded iron formation-hosted gold deposits are important in terms of Canadian and U.S. gold production, as illustrated by mines such as the Lupin and …
Plata tests zone in Peru
Preliminary exploration by Plata-Peru Resources (PPU-A) has confirmed the presence of base metal mineralization near its Pachapaqui mine in Peru.Work included ground geological mapping and sampling of…
Production on rise for Greenstone
Production at the Central American gold mines of Greenstone Resources (GRE-T) is on track to reach 233,000 oz. gold in 1998, a substantial increase from the 63,563 oz. produced in 1997.For the first q…
Ashanti poised for further growth
In early 1997, mining analysts from the London branch of Banque Paribas estimated that it would be a year before the benefits of a restructuring undertaken by Ashanti Goldfields (AHD.U-T) would be fel…
METAL PRICES – Daily Metal Prices (May 04, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateApr. 28Apr. 27Apr. 24Apr. 23Apr…